Chubb Ltd (NYSE:CB) declared 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 CB stock opened at $149.97 on Friday. The stock has a market capitalization of $69.26 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. Chubb has a 52-week low of $119.54 and a 52-week high of $162.44. The stock’s 50-day moving average price is $152.98 and its 200 day moving average price is $152.07. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.06. The firm had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Chubb had a return on equity of 8.60% and a net margin of 10.48%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 EPS. Analysts expect that Chubb will post 10.39 earnings per share for the current fiscal year.
Several equities analysts have issued reports on CB shares. Barclays set a $185.00 target price on Chubb and gave the stock a “buy” rating in a research report on Monday, August 12th. Evercore ISI started coverage on Chubb in a research report on Thursday, October 17th. They set an “in-line” rating and a $149.00 target price on the stock. Morgan Stanley dropped their target price on Chubb from $163.00 to $157.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 14th. JMP Securities reiterated an “outperform” rating on shares of Chubb in a research report on Thursday, July 25th. Finally, Raymond James boosted their target price on Chubb from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Three research 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 currently has an average rating of “Hold” and an average price target of $158.18.
In related news, EVP Timothy Alan Boroughs sold 14,060 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $151.28, for a total value of $2,126,996.80. Following the sale, the executive vice president now owns 185,375 shares of the company’s stock, valued at approximately $28,043,530. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $158.05, for a total value of $1,027,325.00. Following the completion of the sale, 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. Insiders have sold a total of 37,623 shares of company stock worth $5,747,667 in the last three months. Corporate insiders own 0.47% of the company’s stock.
Chubb Company Profile
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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