Chubb Ltd (NYSE:CB) Announces $0.75 Quarterly Dividend

Chubb Ltd (NYSE:CB) announced a quarterly dividend on Thursday, November 21st, RTT News reports. Investors of record on Friday, December 20th will be paid a dividend of 0.75 per share by the financial services provider on Friday, January 10th. This represents a $3.00 annualized dividend and a yield of 2.00%.

Shares of NYSE CB opened at $149.97 on Friday. Chubb has a 12-month low of $119.54 and a 12-month high of $162.44. The company has a market cap of $69.26 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.47 and a beta of 0.68. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $152.98 and a 200 day moving average price of $152.07.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.06. Chubb had a return on equity of 8.60% and a net margin of 10.48%. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the prior year, the firm earned $2.41 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Chubb will post 10.39 EPS for the current fiscal year.

In other news, EVP Timothy Alan Boroughs sold 14,060 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $151.28, for a total transaction of $2,126,996.80. Following the transaction, the executive vice president now owns 185,375 shares of the company’s stock, valued at $28,043,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 6,500 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $158.05, for a total transaction of $1,027,325.00. Following the transaction, the executive vice president now directly owns 77,201 shares in the company, valued at approximately $12,201,618.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,623 shares of company stock valued at $5,747,667. 0.47% of the stock is currently owned by corporate insiders.

A number of equities analysts have weighed in on CB shares. Barclays set a $185.00 price objective on shares of Chubb and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine cut shares of Chubb from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Raymond James upped their price objective on shares of Chubb from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. UBS Group upped their price objective on shares of Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Morgan Stanley decreased their price objective on shares of Chubb from $163.00 to $157.00 and set an “equal weight” rating for the company in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $158.18.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Dividend History for Chubb (NYSE:CB)

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