Chubb Limited (NYSE:CB) Declares Quarterly Dividend of $0.97

Chubb Limited (NYSE:CB) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be given a dividend of 0.97 per share by the financial services provider on Monday, April 6th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 13th.

Chubb has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 31 years. Chubb has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Chubb to earn $25.14 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 15.4%.

Chubb Stock Up 1.0%

Shares of CB stock traded up $3.43 during trading hours on Thursday, reaching $337.97. 1,815,153 shares of the company’s stock were exchanged, compared to its average volume of 1,730,230. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $338.79. The stock’s 50 day moving average is $314.83 and its 200-day moving average is $294.75. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $133.01 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 2.13 and a beta of 0.49.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the business earned $6.02 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts predict that Chubb will post 21.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley set a $350.00 price objective on shares of Chubb in a research report on Friday, January 16th. Mizuho upped their price target on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. UBS Group reiterated a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Wells Fargo & Company raised their price target on shares of Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $366.00 target price on shares of Chubb in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $340.81.

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.