First National Bank of Omaha Decreases Stake in Chubb Limited (NYSE:CB)

First National Bank of Omaha lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,301 shares of the financial services provider's stock after selling 4,090 shares during the quarter. First National Bank of Omaha's holdings in Chubb were worth $4,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Beacon Capital Management LLC boosted its position in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC purchased a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb during the 2nd quarter worth approximately $28,000. Kozak & Associates Inc. purchased a new stake in Chubb during the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 30,318 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 5.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Chubb from $291.00 to $294.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Barclays assumed coverage on Chubb in a research note on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group upped their price target on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb presently has an average rating of "Hold" and an average price target of $287.37.

Chubb Stock Performance

NYSE:CB traded down $3.30 during trading hours on Friday, reaching $283.32. The company had a trading volume of 1,507,326 shares, compared to its average volume of 1,351,383. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The business's 50 day moving average price is $286.88 and its 200-day moving average price is $276.48. The firm has a market cap of $114.21 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 6.62 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the firm posted $4.95 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb's payout ratio is 14.91%.

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.