The Chubb Co. Declares Quarterly Dividend of $0.50 (CB)
The Chubb (NYSE:CB) announced a quarterly dividend on Thursday, September 4th, StockRatingsNetwork reports. Shareholders of record on Friday, September 19th will be paid a dividend of 0.50 per share on Tuesday, October 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.17%.
A number of analysts have recently weighed in on CB shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Chubb in a research note on Wednesday. They now have a $97.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Chubb in a research note on Friday, July 25th. They now have a $95.00 price target on the stock, up previously from $94.00. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of The Chubb in a research note on Friday, July 25th. They now have a $95.00 price target on the stock, down previously from $98.00. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The Chubb has an average rating of “Hold” and an average target price of $93.44.
Shares of The Chubb (NYSE:CB) traded down 0.22% on Thursday, hitting $91.8999. 594,287 shares of the company’s stock traded hands. The Chubb has a one year low of $82.98 and a one year high of $97.79. The stock has a 50-day moving average of $90. and a 200-day moving average of $90.53. The company has a market cap of $22.100 billion and a price-to-earnings ratio of 11.26.
The Chubb (NYSE:CB) last released its earnings data on Thursday, July 24th. The company reported $1.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.93 by $0.23. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company posted $1.77 earnings per share. The Chubb’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that The Chubb will post $7.02 EPS for the current fiscal year.
The Chubb Corporation (NYSE:CB) is a holding company for several, separately organized, property and casualty insurance companies referred to informally as the Chubb Group of Insurance Companies (the P&C Group).
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