Chubb Limited (NYSE:CB):
Chubb Names Ross Bertossi Vice President, Global Underwriting, Chubb Group.
The company is so far trading down since yesterday’s close of $144.45.
Chubb Limited also declared a dividend for shareholders that will be paid on Friday the 21st of July 2017. The dividend will be $0.710 per share for the quarter which comes to $2.84 on an annualized basis. The dividend yield will be $1.94. The ex-dividend date is Wednesday the 28th of June 2017.
Chubb Limited, launched on July 18, 2008, 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. It offers commercial insurance products and service offerings, such as risk management programs, loss control, and engineering and complex claims management. It provides specialized insurance products to areas, such as aviation and energy. It also offers personal lines insurance coverage, including homeowners, automobile, valuables, umbrella liability and recreational marine products. In addition, it supplies personal accident, supplemental health and life insurance to individuals in select countries..
Company chares are trading at $144.44 which is a tad above $143.27, the 50 day moving average and which is just over the 200 day moving average of $137.10. The 50 day moving average went up $1.17 or +0.82% whereas the 200 day moving average was up $7.35 or +5.36%.
Chubb Limited currently has a P/E ratio of 14.23 and the market cap of the company is 67.44B. In the latest earnings report the EPS was $10.15 and is expected to be $10.29 for the current year with 466,925,000 shares now outstanding. Analysts expect next quarter’s EPS to be $2.67 and the next full year EPS is projected to be $10.82.
Brokerages have provided guidance on the stock of late. On November 17 the stock rating was downgraded from “” to “Neutral” by William Blair. On November 15 the company was rated “Neutral” by Goldman Sachs which was a cut from the previous “” rating.
On September 30 Barclays maintained a company rating of “Overweight” but raised the price expectation to $139.00 from $125.00. On July 11 the company was downgraded to “Market Perform” from “Outperform” in an announcement from BMO Capital.
May 12 investment analysts at Deutsche Bank kept the stock rating at “” and raised the price target from $110.00 to $116.00. April 8 investment analysts at Citigroup held the company rating at “Neutral” but moved up the price target to $125.00 from $114.00.