Beese Fulmer Investment Management Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Beese Fulmer Investment Management reduced its stake in Chubb Ltd by 0.58% during the most recent quarter end. The investment management company now holds a total of 43,255 shares of Chubb Ltd which is valued at $5,427,205 after selling 251 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Chubb Ltd makes up approximately 1.51% of Beese Fulmer Investment Management’s portfolio.

Other Hedge Funds, Including , Anchor Capital Advisors reduced its stake in CB by selling 2,406 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 158,657 shares of CB which is valued at $19,906,694. Chubb Ltd makes up approx 0.51% of Anchor Capital Advisors’s portfolio.Conning boosted its stake in CB in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 22,534 shares of Chubb Ltd which is valued at $2,865,874. Chubb Ltd makes up approx 0.12% of Conning’s portfolio.1st Global Advisors reduced its stake in CB by selling 40 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 1,906 shares of CB which is valued at $244,902. Chubb Ltd makes up approx 0.03% of 1st Global Advisors’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in CB by selling 150 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 6,815 shares of CB which is valued at $882,543. Chubb Ltd makes up approx 0.11% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Chubb Ltd closed down -0.02 points or -0.02% at $125.45 with 11,51,493 shares getting traded on Thursday. Post opening the session at $125.77, the shares hit an intraday low of $125.15 and an intraday high of $126.11 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Many Wall Street Analysts have commented on Chubb Ltd. Chubb Ltd was Downgraded by Atlantic Equities to ” Underweight” on Jun 16, 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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