Chubb Corp (NYSE:CB) Given Price Target Of $133.8


As per Chubb Corp (NYSE:CB)’s news release on 2016-08-11, its shareholders will get cash dividend of $0.69 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-21, respectively.

The stock will commence trading ex-dividend from 2016-09-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Chubb Corp (NYSE:CB) disbursed $0.69 in dividend compared to distribution of $0.69, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -17.134%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Chubb Corp (NYSE:CB) to attain a price target of $133.8. It is an average estimate figure given by 10 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $141. The low price range is set at $126 for next year while the arithmetic mean is seen at 1.79.

Eyeing Earnings Chubb Corp (NYSE:CB) is likely to post quarterly numbers around 2016-10-18 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $2.56 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Chubb Corp (NYSE:CB) earnings came at $2.25 suggesting a deviation of $-0.01. The brokerages targeted EPS of $2.26 for the quarter.

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