New England Investment Retirement Group buys $2,660,717 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : New England Investment Retirement Group scooped up 332 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 21,206 shares of Chubb Ltd which is valued at $2,660,717.Chubb Ltd makes up approximately 1.54% of New England Investment Retirement Group’s portfolio.

Other Hedge Funds, Including , Agf Investments America added CB to its portfolio by purchasing 41,364 company shares during the most recent quarter which is valued at $5,189,941. Chubb Ltd makes up approx 2.26% of Agf Investments America’s portfolio.Portland Global Advisors boosted its stake in CB in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 7,455 shares of Chubb Ltd which is valued at $948,127. Chubb Ltd makes up approx 0.42% of Portland Global Advisors’s portfolio.American Century Companies Inc boosted its stake in CB in the latest quarter, The investment management firm added 175,687 additional shares and now holds a total of 2,271,885 shares of Chubb Ltd which is valued at $288,938,334. Chubb Ltd makes up approx 0.32% of American Century Companies Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CB by selling 216,662 shares or 66.21% in the most recent quarter. The Hedge Fund company now holds 110,549 shares of CB which is valued at $14,397,902. Chubb Ltd makes up approx 0.06% of Bnp Paribas Arbitrage Sa’s portfolio.

Chubb Ltd closed down -0.02 points or -0.02% at $125.45 with 11,51,493 shares getting traded on Thursday. Post opening the session at $125.77, the shares hit an intraday low of $125.15 and an intraday high of $126.11 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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