Chubb Limited (CB) To Go Ex-Dividend on December 12th

Chubb Limited (NYSE:CB) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Friday, December 12th will be paid a dividend of 0.97 per share by the financial services provider on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th.

Chubb has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 31 consecutive years. Chubb has a dividend payout ratio of 15.2% indicating that 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 $3.88 annual dividend with an expected future payout ratio of 15.4%.

Chubb Stock Performance

CB opened at $298.55 on Friday. Chubb has a 1-year low of $252.16 and a 1-year high of $306.91. The stock has a market cap of $117.50 billion, a P/E ratio of 12.46, a P/E/G ratio of 2.74 and a beta of 0.58. The stock’s 50 day simple moving average is $282.16 and its 200 day simple moving average is $281.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.72 earnings per share. As a group, equities analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CB shares. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research report on Thursday, October 23rd. Wells Fargo & Company increased their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods lifted their price objective on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, HSBC upped their price objective on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $308.05.

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.