11,555 Shares in Chubb Limited $CB Purchased by First National Bank of Omaha

First National Bank of Omaha acquired a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,555 shares of the financial services provider’s stock, valued at approximately $3,939,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in Chubb during the 4th quarter worth $205,000. Woodline Partners LP grew its stake in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Chubb by 9.3% during the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after purchasing an additional 17,155 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Atlantic Securities set a $301.00 target price on Chubb in a report on Wednesday, July 15th. Evercore reaffirmed an “outperform” rating and set a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. Mizuho boosted their price objective on Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Barclays set a $387.00 price objective on Chubb in a report on Tuesday, July 7th. Finally, Jefferies Financial Group decreased their target price on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $360.09.

Insider Activity

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Up 1.4%

Shares of NYSE:CB opened at $345.56 on Wednesday. The firm has a 50 day simple moving average of $345.10 and a 200 day simple moving average of $332.77. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $133.32 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $6.14 EPS. As a group, research analysts expect that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is currently 14.43%.

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.