First National Bank of Omaha Invests $4.02 Million in Chubb Limited $CB

First National Bank of Omaha bought a new stake in shares of Chubb Limited (NYSE:CB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,225 shares of the financial services provider’s stock, valued at approximately $4,015,000.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Chubb by 155.6% during 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 in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Chubb during the 2nd quarter worth approximately $32,000. Cornerstone Planning Group LLC boosted its position in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Chubb in the third quarter valued at $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. Piper Sandler upped their price target on shares of Chubb from $283.00 to $319.00 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 report on Monday, December 29th. Roth Mkm lifted their price target on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $350.00 price objective on Chubb in a research note on Friday, January 16th. Finally, Wolfe Research raised their price objective on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $340.81.

Chubb Stock 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 price-to-earnings-growth ratio of 2.07 and a beta of 0.49. The firm’s 50 day simple moving average is $311.88 and its 200-day simple moving average is $292.26. Chubb Limited has a one year low of $263.14 and a one year high of $335.60. 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 (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.02 earnings per share. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a $0.97 dividend. 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 Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The stock was 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 in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 54,307 shares of company stock valued at $17,611,016. 0.77% of the stock is owned by insiders.

Chubb 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.