Chubb Limited (CB) to Distribute Quarterly Dividend of $1.02 on October 2nd

Chubb Limited (NYSE:CB) declared 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 is Friday, September 11th.

Chubb has increased its dividend payment by an average of 0.0%per year over the last three years and has increased 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 $28.89 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 14.1%.

Chubb Trading Down 1.4%

NYSE CB opened at $336.81 on Wednesday. The stock’s 50-day moving average is $348.17 and its 200-day moving average is $334.64. Chubb has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $129.94 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.63 and a beta of 0.37.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS 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 firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same period last year, the company posted $6.14 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that Chubb will post 27.35 earnings per share for the current fiscal year.

Insider Activity

In other Chubb news, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The shares were 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 $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Chubb in the fourth quarter valued at about $205,000. Woodline Partners LP grew its stake in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC increased its position in Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 175 shares during the period. Finally, Sei Investments Co. boosted its holdings in Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after purchasing an additional 17,155 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers’ compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.