The Chubb Corp Plans Quarterly Dividend of $0.44 (CB)
The Chubb Corp (NYSE:CB) declared a quarterly dividend on Thursday, February 28th. Shareholders of record on Friday, March 15th will be given a dividend of $0.44 per share on Tuesday, April 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 2.08%.
A number of analysts have recently weighed in on CB shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Chubb Corp in a research note to investors on Friday, February 8th. They now have a $88.00 price target on the stock. On the ratings front, analysts at Argus raised their price target on shares of The Chubb Corp from $85.00 to $92.00 in a research note to investors on Monday, February 4th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of The Chubb Corp from $88.00 to $92.00 in a research note to investors on Friday, February 1st. They now have an “overweight” rating on the stock.
Seven research analysts have rated the stock with a buy rating, one has given an overweight rating, thirteen have given a hold rating, and one has given a sell rating to the company. The company currently has a consensus rating of “overweight” and a consensus target price of $87.00.
The Chubb Corp (CB) traded up 0.17% on Thursday, hitting $84.56. The Chubb Corp (CB) has a 52-week low of $66.65 and a 52-week high of $85.00. The stock’s 50-day moving average is currently $81.57. The company has a market cap of $22.138 billion and a price-to-earnings ratio of 14.84.
The Chubb Corp last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.62. During the same quarter in the previous year, the company posted $1.60 earnings per share. The Chubb Corp has set its FY13 guidance at $6.40-6.80 EPS. Analysts expect that The Chubb Corp (CB) will post $6.61 EPS for the current fiscal year.
The Chubb Corporation (Chubb) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).
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