Regency Capital Management Inc. DE Raises Stock Position in Chubb Limited (NYSE:CB)

Regency Capital Management Inc. DE raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,329 shares of the financial services provider's stock after acquiring an additional 1,754 shares during the quarter. Chubb makes up 6.9% of Regency Capital Management Inc. DE's investment portfolio, making the stock its 4th biggest holding. Regency Capital Management Inc. DE's holdings in Chubb were worth $11,575,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Demars Financial Group LLC increased its position in Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares during the period. Norges Bank acquired a new stake in shares of Chubb in the fourth quarter valued at about $1,169,720,000. GAMMA Investing LLC boosted its holdings in Chubb by 36,831.3% during the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after buying an additional 2,078,390 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Chubb by 46.7% during the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock worth $1,217,392,000 after purchasing an additional 1,403,545 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $336,972,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Price Performance

NYSE CB traded down $0.07 on Monday, reaching $274.06. 1,937,896 shares of the stock traded hands, compared to its average volume of 1,649,605. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $109.82 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 3.05 and a beta of 0.53. The firm's fifty day simple moving average is $286.14 and its 200 day simple moving average is $282.31. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 15.05% and a return on equity of 12.37%. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a $0.97 dividend. The ex-dividend date was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.42%. Chubb's dividend payout ratio is 18.67%.

Chubb announced that its board has approved a stock buyback plan on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John W. Keogh sold 9,794 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the sale, the chief operating officer directly owned 247,538 shares in the company, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock worth $29,163,135 in the last three months. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CB. Jefferies Financial Group increased their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Morgan Stanley lifted their target price on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. UBS Group upped their price target on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Piper Sandler boosted their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Finally, Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $307.13.

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.