Boston Private Wealth buys $24,953,599 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Boston Private Wealth scooped up 1,600 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 198,881 shares of Chubb Ltd which is valued at $24,953,599.Chubb Ltd makes up approximately 0.99% of Boston Private Wealth’s portfolio.

Other Hedge Funds, Including , Anchor Capital Advisors reduced its stake in CB by selling 2,406 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 158,657 shares of CB which is valued at $19,906,694. Chubb Ltd makes up approx 0.51% of Anchor Capital Advisors’s portfolio. Northpointe Capital sold out all of its stake in CB during the most recent quarter. The investment firm sold 32,688 shares of CB which is valued $4,157,260.Cypress Asset Management Inctx boosted its stake in CB in the latest quarter, The investment management firm added 7,675 additional shares and now holds a total of 73,629 shares of Chubb Ltd which is valued at $9,445,864. Chubb Ltd makes up approx 1.84% of Cypress Asset Management Inctx’s portfolio.Barrett Asset Management boosted its stake in CB in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 124,128 shares of Chubb Ltd which is valued at $15,924,381. Chubb Ltd makes up approx 1.33% of Barrett Asset Management’s portfolio. Searle sold out all of its stake in CB during the most recent quarter. The investment firm sold 2,013 shares of CB which is valued $260,684.

Chubb Ltd closed down -0.02 points or -0.02% at $125.45 with 11,51,493 shares getting traded on Thursday. Post opening the session at $125.77, the shares hit an intraday low of $125.15 and an intraday high of $126.11 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Chubb Ltd reported $2.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 4, 2016. Analyst had a consensus of $2.17. The company had revenue of $5995.00 million for the quarter, compared to analysts expectations of $6381.25 million. The company’s revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

Many Wall Street Analysts have commented on Chubb Ltd. Chubb Ltd was Downgraded by Atlantic Equities to ” Underweight” on Jun 16, 2016.

Chubb Ltd formerly ACE Ltd is a Switzerland-based insurance and reinsurance company. The Company offers commercial and personal property and casualty insurance personal accident and supplemental health insurance travel accident insurance specialty coverage insurances recreational marine and aviation insurance agricultural insurance as well as reinsurance and life insurance. It mainly serves multinational companies small and medium-sized enterprises as well as high net worth individuals. The Company maintains executive offices in Zurich New York and London among others and is present in Latin America North America Asia Europe and Africa. It came into being from a merger of ACE Ltd and Chubb Corp.

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