Puzo Michael J buys $2,791,310 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Puzo Michael J scooped up 3,030 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 22,050 shares of Chubb Ltd which is valued at $2,791,310.Chubb Ltd makes up approximately 1.80% of Puzo Michael J’s portfolio.

Other Hedge Funds, Including , Notis-mcconarty Edward boosted its stake in CB in the latest quarter, The investment management firm added 3,830 additional shares and now holds a total of 24,038 shares of Chubb Ltd which is valued at $3,042,970. Chubb Ltd makes up approx 2.06% of Notis-mcconarty Edward’s portfolio.Copeland Capital Management reduced its stake in CB by selling 374 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 12,278 shares of CB which is valued at $1,559,306. Chubb Ltd makes up approx 0.11% of Copeland Capital Management’s portfolio.First National Trust Co boosted its stake in CB in the latest quarter, The investment management firm added 3,274 additional shares and now holds a total of 24,056 shares of Chubb Ltd which is valued at $3,059,442. Chubb Ltd makes up approx 0.46% of First National Trust Co’s portfolio.Community Bank N.a. boosted its stake in CB in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 8,142 shares of Chubb Ltd which is valued at $1,052,679. Chubb Ltd makes up approx 0.24% of Community Bank N.a.’s portfolio.

Chubb Ltd opened for trading at $126.54 and hit $126.805 on the upside on Monday, eventually ending the session at $126.35, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 11,91,472 shares. Company has a market cap of $58,763 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. 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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