Chubb Limited (CB) to Issue Quarterly Dividend of $0.91 on April 4th

Chubb Limited (NYSE:CB) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders 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 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th.

Chubb has raised its dividend by an average of 4.1% annually over the last three years and has raised its dividend annually for the last 31 consecutive years. Chubb has a dividend 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 Price Performance

Shares of NYSE:CB opened at $285.34 on Friday. Chubb has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The business’s 50 day simple moving average is $271.02 and its 200-day simple moving average is $279.73. The firm has a market capitalization of $115.02 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts forecast that Chubb will post 21.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CB shares. Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Company Profile

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.