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

Chubb Limited (NYSE:CB - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.91 per share by the financial services provider on Friday, April 4th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th.

Chubb has raised its dividend payment by an average of 4.1% per year over the last three years and has raised its dividend annually for the last 31 consecutive years. Chubb has a payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Chubb to earn $25.14 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 14.5%.

Chubb Trading Up 1.3 %

Shares of Chubb stock traded up $3.65 during trading hours on Friday, reaching $285.34. The stock had a trading volume of 2,528,712 shares, compared to its average volume of 1,706,331. The firm has a 50 day simple moving average of $271.02 and a two-hundred day simple moving average of $279.87. The firm has a market capitalization of $115.02 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb has a 1 year low of $238.85 and a 1 year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CB shares. JMP Securities reiterated a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of "Hold" and an average price target of $295.73.

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.