Coastline Trust Co buys $4,808,951 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Coastline Trust Co scooped up 865 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 37,485 shares of Chubb Ltd which is valued at $4,808,951.Chubb Ltd makes up approximately 0.95% of Coastline Trust Co’s portfolio.

Other Hedge Funds, Including , 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.First Manhattan Co boosted its stake in CB in the latest quarter, The investment management firm added 1,274 additional shares and now holds a total of 499,430 shares of Chubb Ltd which is valued at $64,571,305. Chubb Ltd makes up approx 0.39% of First Manhattan Co’s portfolio. Quotient Investors added CB to its portfolio by purchasing 3,100 company shares during the most recent quarter which is valued at $401,450. Chubb Ltd makes up approx 0.18% of Quotient Investors’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in CB in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 1,650 shares of Chubb Ltd which is valued at $214,896. Chubb Ltd makes up approx 0.06% of Daiwa Sb Investments Ltd.’s portfolio.

Chubb Ltd closed down -0.54 points or -0.42% at $128.29 with 10,21,486 shares getting traded on Wednesday. Post opening the session at $129.34, the shares hit an intraday low of $128.21 and an intraday high of $129.5999 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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