Spears Abacus Advisors Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Spears Abacus Advisors reduced its stake in Chubb Ltd by 1.1% during the most recent quarter end. The investment management company now holds a total of 404,409 shares of Chubb Ltd which is valued at $51,088,989 after selling 4,508 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Chubb Ltd makes up approximately 6.17% of Spears Abacus Advisors’s portfolio.

Other Hedge Funds, Including , Pioneer Investment Management Inc reduced its stake in CB by selling 172,551 shares or 12.14% in the most recent quarter. The Hedge Fund company now holds 1,248,840 shares of CB which is valued at $157,765,957. Chubb Ltd makes up approx 0.56% of Pioneer Investment Management Inc’s portfolio.Notis-mcconarty Edward boosted its stake in CB in the latest quarter, The investment management firm added 3,830 additional shares and now holds a total of 24,038 shares of Chubb Ltd which is valued at $3,042,970. Chubb Ltd makes up approx 2.06% of Notis-mcconarty Edward’s portfolio. Supplemental Annuity Collective Trust Of Nj sold out all of its stake in CB during the most recent quarter. The investment firm sold 3,660 shares of CB which is valued $459,220.Pillar Pacific Capital Management reduced its stake in CB by selling 711 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 22,782 shares of CB which is valued at $2,858,458. Chubb Ltd makes up approx 0.46% of Pillar Pacific Capital Management’s portfolio.Trust Co Of Vermont boosted its stake in CB in the latest quarter, The investment management firm added 2,784 additional shares and now holds a total of 29,816 shares of Chubb Ltd which is valued at $3,825,095. Chubb Ltd makes up approx 0.49% of Trust Co Of Vermont’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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