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

Key Points

• Chubb declared a quarterly dividend of $1.02 per share, payable October 2 to shareholders of record September 11. The dividend implies an annualized payout of $4.08 and a yield of approximately 1.2%.
• Chubb has increased its dividend for 31 consecutive years, with a current payout ratio of 16.0%; projected earnings suggest the dividend remains well covered.
• The company reported quarterly EPS of $7.26, exceeding analyst expectations of $6.77, while revenue rose 3.6% year over year to $11.97 billion. Institutional investors own 83.81% of Chubb’s outstanding shares.

Chubb Limited (NYSE:CB - Get Free Report) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Friday, September 11th will be paid a dividend of 1.02 per share by the financial services provider on Friday, October 2nd. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date 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 annually for the last 31 consecutive years. Chubb has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

NYSE CB traded up $1.04 during trading on Thursday, reaching $344.37. The company's stock had a trading volume of 2,042,869 shares, compared to its average volume of 1,735,173. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $132.86 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.71 and a beta of 0.39. Chubb has a twelve month low of $265.30 and a twelve month high of $365.91. The business's fifty day moving average price is $343.37 and its 200-day moving average price is $331.60.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. 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 prior year, the firm earned $6.14 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Chubb will post 27.45 EPS for the current fiscal year.

Insider Transactions at Chubb

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

Institutional Investors Weigh In On Chubb

Several institutional investors have recently made changes to their positions in the stock. Cibc World Market Inc. purchased a new position in shares of Chubb in the 2nd quarter valued at about $14,686,000. Castlefield Investment Partners LLP acquired a new stake in shares of Chubb in the second quarter valued at about $5,723,000. OMERS ADMINISTRATION Corp purchased a new stake in Chubb during the second quarter worth about $7,837,000. Osmosis Investment Management UK Ltd purchased a new stake in Chubb during the second quarter worth about $4,241,000. Finally, Sanctuary Advisors LLC acquired a new position in Chubb during the second quarter worth about $28,213,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Company Profile

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.

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