Fayez Sarofim Co buys $331,341,356 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Fayez Sarofim Co scooped up 107,942 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 2,622,824 shares of Chubb Ltd which is valued at $331,341,356.Chubb Ltd makes up approximately 1.79% of Fayez Sarofim Co’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in CB in the latest quarter, The investment management firm added 676 additional shares and now holds a total of 45,173 shares of Chubb Ltd which is valued at $5,706,705. Chubb Ltd makes up approx 0.16% of Advantus Capital Management Inc’s portfolio.Delaney Dennis R boosted its stake in CB in the latest quarter, The investment management firm added 1,002 additional shares and now holds a total of 6,348 shares of Chubb Ltd which is valued at $803,593. Chubb Ltd makes up approx 1.67% of Delaney Dennis R’s portfolio.Montag A Associates Inc boosted its stake in CB in the latest quarter, The investment management firm added 27,962 additional shares and now holds a total of 31,008 shares of Chubb Ltd which is valued at $3,890,574. Chubb Ltd makes up approx 0.50% of Montag A Associates Inc’s portfolio.Cooke Bieler Lp boosted its stake in CB in the latest quarter, The investment management firm added 159,607 additional shares and now holds a total of 583,427 shares of Chubb Ltd which is valued at $73,080,066. Chubb Ltd makes up approx 1.56% of Cooke Bieler Lp’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.

Chubb Ltd closed down -0.78 points or -0.61% at $126.48 with 11,26,434 shares getting traded on Friday. Post opening the session at $126.81, the shares hit an intraday low of $126.02 and an intraday high of $127.33 and the price fluctuated in this range throughout the day.Shares ended Friday 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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