Chubb Ltd (CB) : Connors Investor Services Inc scooped up 2,007 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 67,354 shares of Chubb Ltd which is valued at $8,508,831.Chubb Ltd makes up approximately 1.53% of Connors Investor Services Inc’s portfolio.
Other Hedge Funds, Including , Cleararc Capital Inc boosted its stake in CB in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 11,284 shares of Chubb Ltd which is valued at $1,425,508. Chubb Ltd makes up approx 0.27% of Cleararc Capital Inc’s portfolio.M&r Capital Management Inc reduced its stake in CB by selling 160 shares or 5.28% in the most recent quarter. The Hedge Fund company now holds 2,870 shares of CB which is valued at $362,567. Chubb Ltd makes up approx 0.09% of M&r Capital Management Inc’s portfolio.Zweig-dimenna Associates boosted its stake in CB in the latest quarter, The investment management firm added 117,010 additional shares and now holds a total of 147,864 shares of Chubb Ltd which is valued at $18,718,104. Chubb Ltd makes up approx 1.81% of Zweig-dimenna Associates’s portfolio. Cadence Bank Na added CB to its portfolio by purchasing 1,610 company shares during the most recent quarter which is valued at $204,470. Chubb Ltd makes up approx 0.10% of Cadence Bank Na’s portfolio.Jennison Associates reduced its stake in CB by selling 5,612 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 766,879 shares of CB which is valued at $96,220,308. Chubb Ltd makes up approx 0.10% of Jennison Associates’s portfolio.
Chubb Ltd closed down -0.94 points or -0.74% at $125.38 with 11,96,856 shares getting traded on Tuesday. Post opening the session at $126.05, the shares hit an intraday low of $125.35 and an intraday high of $126.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
Investors should note that on Aug 11, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 21, 2016.
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.