Ontario Teachers Pension Plan Board Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Ontario Teachers Pension Plan Board reduced its stake in Chubb Ltd by 29.45% during the most recent quarter end. The investment management company now holds a total of 1,014,888 shares of Chubb Ltd which is valued at $128,210,801 after selling 423,719 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Chubb Ltd makes up approximately 1.38% of Ontario Teachers Pension Plan Board’s portfolio.

Other Hedge Funds, Including , Aperio Group boosted its stake in CB in the latest quarter, The investment management firm added 39,024 additional shares and now holds a total of 494,824 shares of Chubb Ltd which is valued at $62,511,116. Chubb Ltd makes up approx 0.47% of Aperio Group’s portfolio.Wilkins Investment Counsel Inc reduced its stake in CB by selling 672 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 50,148 shares of CB which is valued at $6,335,197. Chubb Ltd makes up approx 1.71% of Wilkins Investment Counsel Inc’s portfolio.Fayerweather Charles boosted its stake in CB in the latest quarter, The investment management firm added 2,591 additional shares and now holds a total of 10,122 shares of Chubb Ltd which is valued at $1,281,344. Chubb Ltd makes up approx 1.74% of Fayerweather Charles’s portfolio.Twin Capital Management Inc reduced its stake in CB by selling 350 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 10,130 shares of CB which is valued at $1,282,357. Chubb Ltd makes up approx 0.09% of Twin Capital Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in CB in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 54,090 shares of Chubb Ltd which is valued at $7,004,655. Chubb Ltd makes up approx 0.21% of Capstone Asset Management Co’s portfolio.

Chubb Ltd opened for trading at $126.1 and hit $127.35 on the upside on Monday, eventually ending the session at $127.08, with a gain of 0.93% or 1.17 points. The heightened volatility saw the trading volume jump to 10,33,685 shares. Company has a market cap of $59,102 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.

Investors should note that on Aug 11, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 21, 2016.

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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