Chubb Limited Declares Quarterly Dividend of $0.91 (NYSE:CB)

Chubb Limited (NYSE:CB - Get Free Report) announced a quarterly dividend on Thursday, November 21st,RTT News reports. Investors of record on Friday, December 13th will be paid a dividend of 0.91 per share by the financial services provider on Friday, January 3rd. This represents a $3.64 annualized dividend and a yield of 1.28%.

Chubb has raised its dividend by an average of 3.3% per year over the last three years and has increased its dividend annually for the last 31 consecutive years. Chubb has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Chubb to earn $23.10 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 15.8%.

Chubb Price Performance

CB traded up $2.51 on Thursday, hitting $285.35. 993,471 shares of the company's stock were exchanged, compared to its average volume of 1,602,722. The firm has a 50-day moving average price of $287.60 and a 200-day moving average price of $273.95. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $115.02 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 6.62 and a beta of 0.67. Chubb has a fifty-two week low of $216.90 and a fifty-two week high of $302.05.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.95 earnings per share. As a group, equities analysts anticipate that Chubb will post 21.77 earnings per share for the current year.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 15,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares of the company's stock, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,715 shares of company stock worth $23,803,540. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CB shares. JPMorgan Chase & Co. upped their price target on Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price objective on the stock. Piper Sandler lifted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $287.37.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.