Chubb Corp. (CB) Declares Quarterly Dividend of $0.69
Chubb Corp. (NYSE:CB) announced a quarterly dividend on Thursday, November 17th. Investors of record on Friday, December 30th will be given a dividend of 0.69 per share on Friday, January 20th. This represents a $2.76 annualized dividend and a yield of 2.20%.
Shares of Chubb Corp. (NYSE:CB) opened at 125.34 on Friday. The company’s 50-day moving average is $124.90 and its 200 day moving average is $125.86. Chubb Corp. has a 52-week low of $106.82 and a 52-week high of $131.00. The company has a market cap of $58.33 billion, a PE ratio of 16.79 and a beta of 0.86.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.30. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.36 billion. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 earnings per share. On average, analysts anticipate that Chubb Corp. will post $9.79 EPS for the current year.
In related news, Director David H. Sidwell acquired 830 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were purchased at an average price of $124.90 per share, with a total value of $103,667.00. Following the completion of the purchase, the director now directly owns 7,386 shares of the company’s stock, valued at $922,511.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.43% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Gotham Asset Management LLC acquired a new stake in Chubb Corp. during the third quarter valued at about $258,000. Pinkerton Retirement Specialists LLC acquired a new stake in Chubb Corp. during the second quarter valued at about $169,000. National Asset Management Inc. acquired a new stake in Chubb Corp. during the second quarter valued at about $1,377,000. AHL Partners LLP boosted its stake in Chubb Corp. by 9.7% in the second quarter. AHL Partners LLP now owns 3,152 shares of the company’s stock valued at $412,000 after buying an additional 278 shares in the last quarter. Finally, Bristlecone Advisors LLC boosted its stake in Chubb Corp. by 3.8% in the second quarter. Bristlecone Advisors LLC now owns 14,915 shares of the company’s stock valued at $1,950,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Chubb Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Morgan Stanley increased their target price on Chubb Corp. from $136.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Goldman Sachs Group Inc. cut Chubb Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday. William Blair cut Chubb Corp. from a “market perform” rating to an “underperform” rating in a research note on Thursday. Finally, Barclays PLC increased their target price on Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a research note on Friday, September 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Chubb Corp. has an average rating of “Buy” and an average price target of $132.00.
Chubb Corp. Company Profile
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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