Edge Asset Management Inc Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Edge Asset Management Inc reduced its stake in Chubb Ltd by 4.89% during the most recent quarter end. The investment management company now holds a total of 1,595,251 shares of Chubb Ltd which is valued at $199,597,805 after selling 82,005 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on May 10, 2016.Chubb Ltd makes up approximately 1.91% of Edge Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Alpha Cubed Investments boosted its stake in CB in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 6,503 shares of Chubb Ltd which is valued at $813,655. Chubb Ltd makes up approx 0.26% of Alpha Cubed Investments’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in CB in the latest quarter, The investment management firm added 2,599 additional shares and now holds a total of 4,251 shares of Chubb Ltd which is valued at $531,885. Chubb Ltd makes up approx 0.05% of Stratos Wealth Partners Ltd.’s portfolio. Gamco Investors Et Al sold out all of its stake in CB during the most recent quarter. The investment firm sold 25,340 shares of CB which is valued $3,100,349.Moody Lynn Lieberson reduced its stake in CB by selling 28 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 15,314 shares of CB which is valued at $1,873,668. Chubb Ltd makes up approx 0.29% of Moody Lynn Lieberson’s portfolio.Compton Capital Management Inc Ri reduced its stake in CB by selling 98 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 4,012 shares of CB which is valued at $490,868. Chubb Ltd makes up approx 0.28% of Compton Capital Management Inc Ri’s portfolio.

Chubb Ltd opened for trading at $124.91 and hit $125.77 on the upside on Monday, eventually ending the session at $125.29, with a gain of 0.14% or 0.17 points. The heightened volatility saw the trading volume jump to 12,46,136 shares. Company has a market cap of $58,195 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.

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 .

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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