Chubb Limited Plans Quarterly Dividend of $1.02 (NYSE:CB)

Chubb Limited (NYSE:CB) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Friday, September 11th will be given a dividend of 1.02 per share by the financial services provider on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th.

Chubb has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 31 years. Chubb has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Chubb to earn $28.74 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 14.2%.

Chubb Price Performance

Chubb stock traded up $1.04 during trading hours on Thursday, hitting $344.37. The stock had a trading volume of 2,042,869 shares, compared to its average volume of 1,735,173. Chubb has a 1-year low of $265.30 and a 1-year high of $365.91. The stock has a market capitalization of $132.86 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.71 and a beta of 0.39. The stock’s fifty day moving average is $343.37 and its two-hundred day moving average is $331.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the previous year, the company posted $6.14 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that Chubb will post 27.45 earnings per share for the current fiscal year.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by insiders.

Institutional Trading of Chubb

A number of hedge funds have recently added to or reduced their stakes in the business. XXEC Inc. acquired a new stake in shares of Chubb in the second quarter worth approximately $228,226,000. Berkshire Hathaway Inc increased its position in Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after purchasing an additional 2,916,288 shares during the last quarter. BlackRock Inc. acquired a new position in Chubb during the second quarter worth approximately $9,913,336,000. State Street Corp raised its stake in Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after purchasing an additional 68,553 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.