Gratry Co buys $4,395,273 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Gratry Co scooped up 1,592 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 34,792 shares of Chubb Ltd which is valued at $4,395,273.Chubb Ltd makes up approximately 3.33% of Gratry Co’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild Asset Management (france) reduced its stake in CB by selling 1,200 shares or 21.66% in the most recent quarter. The Hedge Fund company now holds 4,340 shares of CB which is valued at $548,272. Chubb Ltd makes up approx 0.02% of Edmond De Rothschild Asset Management (france)’s portfolio.Teacher Retirement System Of Texas boosted its stake in CB in the latest quarter, The investment management firm added 40,397 additional shares and now holds a total of 566,541 shares of Chubb Ltd which is valued at $72,001,696. Chubb Ltd makes up approx 0.47% of Teacher Retirement System Of Texas’s portfolio.Daiwa Securities Group reduced its stake in CB by selling 15,600 shares or 45.4% in the most recent quarter. The Hedge Fund company now holds 18,759 shares of CB which is valued at $2,385,770. Chubb Ltd makes up approx 0.01% of Daiwa Securities Group’s portfolio.Athena Capital Advisors boosted its stake in CB in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 4,693 shares of Chubb Ltd which is valued at $603,004. Chubb Ltd makes up approx 0.19% of Athena Capital Advisors’s portfolio.Stralem Co Inc reduced its stake in CB by selling 22,300 shares or 10.39% in the most recent quarter. The Hedge Fund company now holds 192,250 shares of CB which is valued at $24,663,753. Chubb Ltd makes up approx 2.79% of Stralem Co Inc’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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