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

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

Chubb has raised its dividend by an average of 0.0%per year 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 research 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

NYSE:CB opened at $324.86 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $126.00 billion, a P/E ratio of 11.47, a PEG ratio of 1.64 and a beta of 0.41. The company has a 50 day moving average price of $324.76 and a 200 day moving average price of $318.43. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

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

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC grew its holdings in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Frazier Financial Advisors LLC grew its holdings in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in Chubb during the 1st quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Chubb during the 3rd quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Chubb during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Chubb

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.