D/B/A Chubb Limited New Announces Quarterly Dividend of $0.71 (NYSE:CB)
D/B/A Chubb Limited New (NYSE:CB) announced a quarterly dividend on Thursday, August 10th, RTT News reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.71 per share by the financial services provider on Friday, October 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%.
D/B/A Chubb Limited New has increased its dividend payment by an average of 14.8% per year over the last three years and has increased its dividend annually for the last 51 consecutive years. D/B/A Chubb Limited New has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect D/B/A Chubb Limited New to earn $10.61 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 26.8%.
Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 0.33% during trading on Thursday, reaching $148.80. The company had a trading volume of 562,796 shares. The firm’s 50 day moving average price is $146.28 and its 200 day moving average price is $140.01. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The firm has a market capitalization of $69.25 billion, a P/E ratio of 13.08 and a beta of 0.91.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 EPS. Equities analysts predict that D/B/A Chubb Limited New will post $10.27 EPS for the current year.
In related news, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul J. Krump sold 14,563 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total value of $2,065,615.92. Following the completion of the transaction, the insider now directly owns 78,863 shares in the company, valued at $11,185,927.92. The disclosure for this sale can be found here. Insiders sold a total of 187,341 shares of company stock worth $27,312,325 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.
A number of equities research analysts have commented on CB shares. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Wednesday, April 26th. Royal Bank Of Canada increased their target price on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Thursday, April 27th. Morgan Stanley increased their target price on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Finally, BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.09.
About D/B/A Chubb Limited New
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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