Torch Wealth Management Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Torch Wealth Management reduced its stake in Chubb Ltd by 0.21% during the most recent quarter end. The investment management company now holds a total of 14,485 shares of Chubb Ltd which is valued at $1,813,812 after selling 30 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Chubb Ltd makes up approximately 1.34% of Torch Wealth Management’s portfolio.

Other Hedge Funds, Including , Alta Capital Management reduced its stake in CB by selling 3,876 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 229,337 shares of CB which is valued at $28,717,579. Chubb Ltd makes up approx 1.82% of Alta Capital Management’s portfolio.Bristlecone Advisors boosted its stake in CB in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 15,140 shares of Chubb Ltd which is valued at $1,873,424. Chubb Ltd makes up approx 0.68% of Bristlecone Advisors’s portfolio.Gofen Glossberg Il boosted its stake in CB in the latest quarter, The investment management firm added 7,197 additional shares and now holds a total of 58,113 shares of Chubb Ltd which is valued at $7,257,151. Chubb Ltd makes up approx 0.30% of Gofen Glossberg Il’s portfolio.Dorsey Wright Associates boosted its stake in CB in the latest quarter, The investment management firm added 1,167 additional shares and now holds a total of 4,104 shares of Chubb Ltd which is valued at $512,508. Chubb Ltd makes up approx 0.26% of Dorsey Wright Associates’s portfolio.First American Trust Fsb reduced its stake in CB by selling 10,443 shares or 28.48% in the most recent quarter. The Hedge Fund company now holds 26,223 shares of CB which is valued at $3,229,887. Chubb Ltd makes up approx 1.01% of First American Trust Fsb’s portfolio.

Chubb Ltd closed down -1.14 points or -0.91% at $123.74 with 13,89,571 shares getting traded on Tuesday. Post opening the session at $124.47, the shares hit an intraday low of $123.35 and an intraday high of $124.74 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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