Connors Investor Services Inc buys $8.2 Million stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Connors Investor Services Inc scooped up 2,227 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 65,347 shares of Chubb Ltd which is valued at $8.2 Million.Chubb Ltd makes up approximately 1.66% of Connors Investor Services Inc’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in CB in the latest quarter, The investment management firm added 229,862 additional shares and now holds a total of 428,498 shares of Chubb Ltd which is valued at $53.6 Million. Chubb Ltd makes up approx 0.26% of Credit Agricole S A’s portfolio.Ftb Advisors boosted its stake in CB in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 2,238 shares of Chubb Ltd which is valued at $280,019. Chubb Ltd makes up approx 0.03% of Ftb Advisors’s portfolio.Birch Hill Investment Advisors reduced its stake in CB by selling 558 shares or 19.81% in the most recent quarter. The Hedge Fund company now holds 2,259 shares of CB which is valued at $282,646. Chubb Ltd makes up approx 0.03% of Birch Hill Investment Advisors’s portfolio.Callahan Advisors boosted its stake in CB in the latest quarter, The investment management firm added 4,410 additional shares and now holds a total of 58,365 shares of Chubb Ltd which is valued at $6.9 Million. Chubb Ltd makes up approx 1.90% of Callahan Advisors’s portfolio.Beck Mack Oliver reduced its stake in CB by selling 2,456 shares or 8.09% in the most recent quarter. The Hedge Fund company now holds 27,891 shares of CB which is valued at $3.3 Million. Chubb Ltd makes up approx 0.11% of Beck Mack Oliver’s portfolio.

Chubb Ltd opened for trading at $125.53 and hit $126.63 on the upside on Friday, eventually ending the session at $125.75, with a gain of 0.72% or 0.9 points. The heightened volatility saw the trading volume jump to 12,91,002 shares. Company has a market cap of $58,408,109 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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