Revenue Update on Chubb Ltd(NYSE:CB)

Chubb Ltd(NYSE:CB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $7.41B. Analysts estimated a revenue of $7.37B. Earnings per share were $2.25. Analysts had estimated an EPS of $2.39.

In a different note, On Jul 11, 2016, BMO Capital said it Downgrades its rating on Chubb Ltd. The shares have been rated ‘Market Perform’ by the firm. On May 12, 2016, Deutsche Bank said it Maintains its rating on Chubb Ltd. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Hold’ by the firm. On May 5, 2016, Credit Suisse said it Maintains its rating on Chubb Ltd. In the research note, the firm Raises the price-target to $128.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 5, 2016, JMP Securities said it Maintains its rating on Chubb Ltd. In the research note, the firm Raises the price-target to $130.00 per share. The shares have been rated ‘Market Outperform’ by the firm.

Chubb Ltd (CB) shares turned negative on Fridays trading session with the shares closing down -1.21 points or -0.96% at a volume of 19,09,049. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $126.5. The peak price level was also seen at $126.5 while the days lowest was $125.24. Finally the shares closed at $125.26. The 52-week high of the shares is $131 while the 52-week low is $96. According to the latest information available, the market cap of the company is $58,181 M.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Philip V Bancroft (Executive Vice President*) sold 72,730 shares at $127.30 per share price.Also, On May 25, 2016, Evan G Greenberg (Chairman & CEO) sold 39,943 shares at $125.36 per share price.On May 12, 2016, Timothy Alan Boroughs (Executive Vice Chairman*) sold 14,470 shares at $124.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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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