Regency Capital Management Inc. DE Has $10.60 Million Holdings in Chubb Limited $CB

Regency Capital Management Inc. DE cut its holdings in Chubb Limited (NYSE:CB) by 19.3% in the first quarter, HoldingsChannel reports. The firm owned 32,506 shares of the financial services provider’s stock after selling 7,774 shares during the quarter. Chubb accounts for 4.7% of Regency Capital Management Inc. DE’s portfolio, making the stock its 5th largest position. Regency Capital Management Inc. DE’s holdings in Chubb were worth $10,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CB. Spire Wealth Management increased its position in shares of Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares during the last quarter. Chesley Taft & Associates LLC lifted its position in Chubb by 7.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after buying an additional 7,043 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in Chubb by 42.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after buying an additional 4,233 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after buying an additional 5,225 shares during the period. Finally, waypoint wealth counsel boosted its stake in Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 1,784 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by company insiders.

Chubb Trading Down 2.6%

Shares of CB opened at $337.06 on Thursday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $365.29. The company has a 50-day moving average of $331.24 and a 200 day moving average of $325.29. The firm has a market capitalization of $130.73 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.77 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, research analysts expect that Chubb Limited will post 26.76 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CB shares. Mizuho increased their target price on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. UBS Group lifted their price target on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. BMO Capital Markets upped their price target on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Finally, Citigroup reissued an “outperform” rating on shares of Chubb in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $357.73.

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.