First Mercantile Trust Co Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : First Mercantile Trust Co reduced its stake in Chubb Ltd by 21.73% during the most recent quarter end. The investment management company now holds a total of 14,500 shares of Chubb Ltd which is valued at $1,804,235 after selling 4,025 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Chubb Ltd makes up approximately 0.24% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , First American Trust Fsb reduced its stake in CB by selling 10,443 shares or 28.48% in the most recent quarter. The Hedge Fund company now holds 26,223 shares of CB which is valued at $3,229,887. Chubb Ltd makes up approx 1.01% of First American Trust Fsb’s portfolio.Telemus Capital boosted its stake in CB in the latest quarter, The investment management firm added 1,537 additional shares and now holds a total of 35,493 shares of Chubb Ltd which is valued at $4,371,673. Chubb Ltd makes up approx 0.49% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings reduced its stake in CB by selling 8,392 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 393,295 shares of CB which is valued at $48,442,145. Chubb Ltd makes up approx 0.27% of Chevy Chase Trust Holdings’s portfolio.

Chubb Ltd opened for trading at $122.51 and hit $125.09 on the upside on Friday, eventually ending the session at $124.43, with a gain of 2.09% or 2.55 points. The heightened volatility saw the trading volume jump to 24,89,654 shares. Company has a market cap of $57,870 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.

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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