First National Bank of Omaha Buys New Position in Chubb Limited $CB

First National Bank of Omaha purchased a new stake in Chubb Limited (NYSE:CB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,225 shares of the financial services provider’s stock, valued at approximately $4,015,000.

A number of other large investors have also modified their holdings of the business. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC raised its stake in Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Chubb during the 2nd quarter worth about $32,000. Cornerstone Planning Group LLC increased its holdings in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new position in Chubb during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price target on shares of Chubb in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price objective on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Finally, UBS Group reiterated a “neutral” rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Price Performance

Shares of NYSE CB opened at $331.75 on Wednesday. The firm has a market cap of $130.56 billion, a PE ratio of 12.89, a PEG ratio of 2.07 and a beta of 0.49. The firm has a fifty day moving average of $311.88 and a 200 day moving average of $292.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. Chubb Limited has a one year low of $263.14 and a one year high of $335.60.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the business earned $6.02 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, December 12th. Chubb’s payout ratio is presently 15.08%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 54,307 shares of company stock valued at $17,611,016. 0.77% of the stock is owned by corporate insiders.

About Chubb

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.