Chubb Ltd (CB) : Thomas Story Son has sold out all of its stake in Chubb Ltd during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 44,903 shares of Chubb Ltd which is valued at $5,684,271.
Other Hedge Funds, Including , Page Arthur B boosted its stake in CB in the latest quarter, The investment management firm added 4,208 additional shares and now holds a total of 20,684 shares of Chubb Ltd which is valued at $2,618,388. Chubb Ltd makes up approx 2.55% of Page Arthur B’s portfolio. Janney Capital Management sold out all of its stake in CB during the most recent quarter. The investment firm sold 3,447 shares of CB which is valued $437,769. Pggm Investments sold out all of its stake in CB during the most recent quarter. The investment firm sold 471,218 shares of CB which is valued $59,929,505.Eqis Capital Management reduced its stake in CB by selling 8 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 2,160 shares of CB which is valued at $279,266. Chubb Ltd makes up approx 0.02% of Eqis Capital Management’s portfolio.
Chubb Ltd opened for trading at $126.54 and hit $126.805 on the upside on Monday, eventually ending the session at $126.35, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 11,91,472 shares. Company has a market cap of $58,763 M.
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.