Regency Capital Management Inc. DE Has $9.77 Million Stock Holdings in Chubb Limited (NYSE:CB)

Regency Capital Management Inc. DE increased its holdings in shares of Chubb Limited (NYSE:CB) by 27.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,876 shares of the financial services provider’s stock after buying an additional 7,284 shares during the quarter. Chubb accounts for about 5.4% of Regency Capital Management Inc. DE’s holdings, making the stock its 4th biggest holding. Regency Capital Management Inc. DE’s holdings in Chubb were worth $9,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CB. Beacon Capital Management LLC raised its position in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in Chubb in the first quarter worth approximately $25,000. Chilton Capital Management LLC bought a new stake in Chubb in the second quarter worth approximately $26,000. Wellington Shields Capital Management LLC bought a new stake in Chubb in the first quarter worth approximately $29,000. Finally, Kimelman & Baird LLC bought a new stake in Chubb in the second quarter worth approximately $32,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CB shares. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley decreased their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods increased their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, JMP Securities increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $276.40.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of Chubb stock traded up $2.05 on Friday, hitting $290.59. The company had a trading volume of 967,752 shares, compared to its average volume of 1,631,692. Chubb Limited has a 52 week low of $205.64 and a 52 week high of $294.18. The company has a market cap of $118.00 billion, a PE ratio of 12.87, a PEG ratio of 5.74 and a beta of 0.66. The business has a 50-day simple moving average of $280.84 and a 200-day simple moving average of $265.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the prior year, the business posted $4.92 EPS. Chubb’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts expect that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.