Regency Capital Management Inc. DE Reduces Stock Position in Chubb Limited $CB

Regency Capital Management Inc. DE decreased its holdings in shares of Chubb Limited (NYSE:CB) by 0.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 38,054 shares of the financial services provider’s stock after selling 275 shares during the period. Chubb makes up approximately 5.8% of Regency Capital Management Inc. DE’s holdings, making the stock its 4th largest holding. Regency Capital Management Inc. DE’s holdings in Chubb were worth $11,025,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter worth about $25,000. North Capital Inc. bought a new position in Chubb in the 1st quarter valued at about $26,000. IMA Advisory Services Inc. bought a new position in Chubb in the 1st quarter valued at about $31,000. 1248 Management LLC bought a new stake in shares of Chubb during the first quarter worth approximately $31,000. Finally, WPG Advisers LLC bought a new stake in shares of Chubb during the first quarter worth approximately $33,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.8%

Shares of NYSE CB opened at $286.37 on Tuesday. The stock has a market capitalization of $114.17 billion, a P/E ratio of 12.63, a PEG ratio of 3.20 and a beta of 0.54. The stock’s fifty day moving average is $275.17 and its 200 day moving average is $282.03. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.38 earnings per share. Sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

Insider Buying and Selling

In other Chubb news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CB. Citigroup initiated coverage on Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price on the stock. Piper Sandler reiterated a “neutral” rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research report on Monday. Wells Fargo & Company decreased their price target on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. Finally, Evercore ISI lifted their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chubb has an average rating of “Hold” and a consensus price target of $303.72.

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.