Chubb Ltd (CB) : Squarepoint Ops scooped up 101,448 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 105,706 shares of Chubb Ltd which is valued at $13,353,839.Chubb Ltd makes up approximately 0.99% of Squarepoint Ops’s portfolio.
Other Hedge Funds, Including , Pine River Capital Management reduced its stake in CB by selling 1,000 shares or 11.16% in the most recent quarter. The Hedge Fund company now holds 7,961 shares of CB which is valued at $1,005,713. Chubb Ltd makes up approx 0.06% of Pine River Capital Management’s portfolio.Cooke Bieler Lp boosted its stake in CB in the latest quarter, The investment management firm added 159,607 additional shares and now holds a total of 583,427 shares of Chubb Ltd which is valued at $73,080,066. Chubb Ltd makes up approx 1.56% of Cooke Bieler Lp’s portfolio.Essex Financial Services reduced its stake in CB by selling 149 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 13,570 shares of CB which is valued at $1,699,778. Chubb Ltd makes up approx 0.40% of Essex Financial Services’s portfolio.Capital Investment Advisors reduced its stake in CB by selling 4,281 shares or 53.14% in the most recent quarter. The Hedge Fund company now holds 3,775 shares of CB which is valued at $485,050. Chubb Ltd makes up approx 0.04% of Capital Investment Advisors’s portfolio.
Chubb Ltd opened for trading at $126.96 and hit $127.37 on the upside on Thursday, eventually ending the session at $127.1, with a gain of 0.13% or 0.17 points. The heightened volatility saw the trading volume jump to 12,19,630 shares. Company has a market cap of $59,112 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.