Huntington National Bank buys $49,612,342 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Huntington National Bank scooped up 98,851 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 420,943 shares of Chubb Ltd which is valued at $49,612,342.Chubb Ltd makes up approximately 1.25% of Huntington National Bank’s portfolio.

Chubb Ltd opened for trading at $117.53 and hit $119.425 on the upside on Monday, eventually ending the session at $118.95, with a gain of 0.92% or 1.09 points. The heightened volatility saw the trading volume jump to 18,26,924 shares. Company has a market cap of $54,916 M.

Other Hedge Funds, Including , 1st Source Bank boosted its stake in CB in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 2,203 shares of Chubb Ltd which is valued at $259,646. Chubb Ltd makes up approx 0.03% of 1st Source Bank’s portfolio.Pggm Investments boosted its stake in CB in the latest quarter, The investment management firm added 913 additional shares and now holds a total of 471,218 shares of Chubb Ltd which is valued at $56,216,307. Chubb Ltd makes up approx 0.30% of Pggm Investments’s portfolio. Nichols Asset Management sold out all of its stake in CB during the most recent quarter. The investment firm sold 957 shares of CB which is valued $114,170.Searle reduced its stake in CB by selling 3 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 2,013 shares of CB which is valued at $242,687. Chubb Ltd makes up approx 0.22% of Searle’s portfolio.Prospera Financial Services Inc boosted its stake in CB in the latest quarter, The investment management firm added 983 additional shares and now holds a total of 2,274 shares of Chubb Ltd which is valued at $274,153. Chubb Ltd makes up approx 0.06% of Prospera Financial Services Inc’s portfolio.

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 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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