Everence Capital Management Inc buys $1,807,646 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Everence Capital Management Inc scooped up 4,950 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 14,407 shares of Chubb Ltd which is valued at $1,807,646.Chubb Ltd makes up approximately 0.54% of Everence Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Agf Investments boosted its stake in CB in the latest quarter, The investment management firm added 189,025 additional shares and now holds a total of 1,790,507 shares of Chubb Ltd which is valued at $224,654,913. Chubb Ltd makes up approx 2.46% of Agf Investments’s portfolio.Greenleaf Trust reduced its stake in CB by selling 18,872 shares or 11.71% in the most recent quarter. The Hedge Fund company now holds 142,237 shares of CB which is valued at $17,816,607. Chubb Ltd makes up approx 0.47% of Greenleaf Trust’s portfolio.1st Global Advisors reduced its stake in CB by selling 40 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 1,906 shares of CB which is valued at $244,902. Chubb Ltd makes up approx 0.03% of 1st Global Advisors’s portfolio.Charter Trust Co boosted its stake in CB in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 2,565 shares of Chubb Ltd which is valued at $329,064. Chubb Ltd makes up approx 0.04% of Charter Trust Co’s portfolio.West Oak Capital reduced its stake in CB by selling 425 shares or 9.14% in the most recent quarter. The Hedge Fund company now holds 4,225 shares of CB which is valued at $550,264. Chubb Ltd makes up approx 0.39% of West Oak Capital’s portfolio.

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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