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

Chubb Limited (NYSE:CB) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Friday, March 14th will be paid 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 dividend yield of 1.29%.

Chubb has raised its dividend payment by an average of 4.1% annually over the last three years and has increased 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 Price Performance

Chubb stock opened at $281.99 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market cap of $113.67 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 3.36 and a beta of 0.67. Chubb has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a 50 day moving average price of $270.77 and a 200 day moving average price of $279.61.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts predict that Chubb will post 21.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Chubb 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.