Chubb Ltd (CB) : Ontario Teachers Pension Plan Board reduced its stake in Chubb Ltd by 0.11% during the most recent quarter end. The investment management company now holds a total of 1,013,739 shares of Chubb Ltd which is valued at $128,643,479 after selling 1,149 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Chubb Ltd makes up approximately 1.33% of Ontario Teachers Pension Plan Board’s portfolio.
Other Hedge Funds, Including , Brown Brothers Harriman Co reduced its stake in CB by selling 2,467 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 33,511 shares of CB which is valued at $4,252,546. Chubb Ltd makes up approx 0.02% of Brown Brothers Harriman Co’s portfolio.Eulav Asset Management boosted its stake in CB in the latest quarter, The investment management firm added 15,000 additional shares and now holds a total of 52,800 shares of Chubb Ltd which is valued at $6,677,088. Chubb Ltd makes up approx 0.36% of Eulav Asset Management’s portfolio.Wcm Investment Managementca boosted its stake in CB in the latest quarter, The investment management firm added 506,830 additional shares and now holds a total of 9,331,118 shares of Chubb Ltd which is valued at $1,170,961,998. Chubb Ltd makes up approx 14.03% of Wcm Investment Managementca’s portfolio.Oakworth Capital boosted its stake in CB in the latest quarter, The investment management firm added 83 additional shares and now holds a total of 759 shares of Chubb Ltd which is valued at $92,811. Chubb Ltd makes up approx 0.03% of Oakworth Capital’s portfolio.Davis R M Inc boosted its stake in CB in the latest quarter, The investment management firm added 5,413 additional shares and now holds a total of 208,221 shares of Chubb Ltd which is valued at $26,098,420. Chubb Ltd makes up approx 1.30% of Davis R M Inc’s portfolio.
Chubb Ltd opened for trading at $125.63 and hit $126.73 on the upside on Monday, eventually ending the session at $126.3, with a gain of 0.77% or 0.96 points. The heightened volatility saw the trading volume jump to 19,89,656 shares. Company has a market cap of $58,772 M.
On the company’s financial health, Chubb Ltd reported $2.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.30 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $2.58. The company had revenue of $7573.00 million for the quarter, compared to analysts expectations of $7275.83 million. The company’s revenue was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS.
Investors should note that on Nov 17, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Dec 28, 2016 as the ex-dividend date and fixed the record date on Dec 30, 2016. The payable date has been fixed on Jan 20, 2017.
Many Wall Street Analysts have commented on Chubb Ltd. Chubb Ltd was Downgraded by Goldman to ” Neutral” on Nov 15, 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.