Chubb Limited (CB) To Go Ex-Dividend on June 12th

Chubb Limited (NYSE:CB) declared a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 12th will be given a dividend of 1.02 per share by the financial services provider on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, June 12th. This is a 5.2% increase from Chubb’s previous quarterly dividend of $0.97.

Chubb has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 31 years. Chubb has a payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Chubb to earn $28.86 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 13.4%.

Chubb Stock Performance

Shares of NYSE CB opened at $324.86 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The stock’s fifty day moving average price is $324.76 and its two-hundred day moving average price is $318.43. Chubb has a one year low of $264.10 and a one year high of $345.67. The firm has a market cap of $126.00 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.64 and a beta of 0.41.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts forecast that Chubb will post 26.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CB. BMO Capital Markets increased their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Wolfe Research raised their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. HSBC raised their price objective on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Piper Sandler raised their price objective on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price objective on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $349.43.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.