Advisory Services Network buys $945,333 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Advisory Services Network scooped up 749 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 7,924 shares of Chubb Ltd which is valued at $945,333.Chubb Ltd makes up approximately 0.25% of Advisory Services Network’s portfolio.

Chubb Ltd closed down -0.36 points or -0.30% at $118.4 with 14,77,713 shares getting traded on Wednesday. Post opening the session at $118.92, the shares hit an intraday low of $117.58 and an intraday high of $119.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Meritage Portfolio Management reduced its stake in CB by selling 615 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 53,722 shares of CB which is valued at $6,409,035. Chubb Ltd makes up approx 0.72% of Meritage Portfolio Management’s portfolio. Reilly Financial Advisors sold out all of its stake in CB during the most recent quarter. The investment firm sold 79,379 shares of CB which is valued $9,469,915.First Citizens Bank Trust Co reduced its stake in CB by selling 50,583 shares or 86.62% in the most recent quarter. The Hedge Fund company now holds 7,811 shares of CB which is valued at $931,852. Chubb Ltd makes up approx 0.08% of First Citizens Bank Trust Co’s portfolio. Fort Pitt Capital Group sold out all of its stake in CB during the most recent quarter. The investment firm sold 1,480 shares of CB which is valued $176,564. Monroe Bank Trustmi added CB to its portfolio by purchasing 66 company shares during the most recent quarter which is valued at $7,957.

On the company’s financial health, Chubb Ltd reported $2.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $2.29. The company had revenue of $3629.00 million for the quarter, compared to analysts expectations of $3963.75 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.47 EPS.

Many Wall Street Analysts have commented on Chubb Ltd. Company shares were Reiterated by RBC Capital Mkts on Apr 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 128 from a previous price target of $120 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Outperform” and Lowered the Price Target to $ 120 from a previous price target of $121 .Chubb Ltd was Upgraded by Sandler O’Neill to ” Buy” on Jan 27, 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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