Chubb Ltd (CB) : Nicholas Co Inc Wi reduced its stake in Chubb Ltd by 26.79% during the most recent quarter end. The investment management company now holds a total of 849,675 shares of Chubb Ltd which is valued at $107,823,758 after selling 310,855 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Chubb Ltd makes up approximately 2.40% of Nicholas Co Inc Wi’s portfolio.
Other Hedge Funds, Including , Champlain Investment Partners reduced its stake in CB by selling 300 shares or 15.0% in the most recent quarter. The Hedge Fund company now holds 1,700 shares of CB which is valued at $215,730.Crawford Investment Counsel Inc reduced its stake in CB by selling 5,573 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 279,856 shares of CB which is valued at $35,390,590. Chubb Ltd makes up approx 1.31% of Crawford Investment Counsel Inc’s portfolio. Diversified Trust Co sold out all of its stake in CB during the most recent quarter. The investment firm sold 21,999 shares of CB which is valued $2,737,776.Btim Corp. reduced its stake in CB by selling 2,205 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 422,891 shares of CB which is valued at $53,220,832. Chubb Ltd makes up approx 0.90% of Btim Corp.’s portfolio.
Chubb Ltd opened for trading at $125.63 and hit $126.73 on the upside on Monday, eventually ending the session at $126.3, with a gain of 0.77% or 0.96 points. The heightened volatility saw the trading volume jump to 19,89,656 shares. Company has a market cap of $58,772 M.
On the company’s financial health, Chubb Ltd reported $2.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.30 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $2.58. The company had revenue of $7573.00 million for the quarter, compared to analysts expectations of $7275.83 million. The company’s revenue was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS.
Investors should note that on Nov 17, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Dec 28, 2016 as the ex-dividend date and fixed the record date on Dec 30, 2016. The payable date has been fixed on Jan 20, 2017.
Many Wall Street Analysts have commented on Chubb Ltd. Chubb Ltd was Downgraded by Goldman to ” Neutral” on Nov 15, 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.