Headinvest buys $490,920 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Headinvest scooped up 288 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 4,115 shares of Chubb Ltd which is valued at $490,920.Chubb Ltd makes up approximately 0.19% of Headinvest’s portfolio.

Chubb Ltd closed down -0.36 points or -0.30% at $118.4 with 14,77,713 shares getting traded on Wednesday. Post opening the session at $118.92, the shares hit an intraday low of $117.58 and an intraday high of $119.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in CB in the latest quarter, The investment management firm added 749 additional shares and now holds a total of 7,924 shares of Chubb Ltd which is valued at $945,333. Chubb Ltd makes up approx 0.25% of Advisory Services Network’s portfolio.First Quadrant L Pca reduced its stake in CB by selling 55,266 shares or 29.76% in the most recent quarter. The Hedge Fund company now holds 130,412 shares of CB which is valued at $15,558,152. Chubb Ltd makes up approx 0.33% of First Quadrant L Pca’s portfolio.Gemmer Asset Management boosted its stake in CB in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 195 shares of Chubb Ltd which is valued at $23,509. Chubb Ltd makes up approx 0.01% of Gemmer Asset Management’s portfolio. Newman Dignan Sheerar sold out all of its stake in CB during the most recent quarter. The investment firm sold 1,008 shares of CB which is valued $121,524.Needelman Asset Management Inc boosted its stake in CB in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 5,579 shares of Chubb Ltd which is valued at $661,502. Chubb Ltd makes up approx 1.94% of Needelman Asset Management 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 was Upgraded by Sandler O’Neill to ” Buy” on Jan 27, 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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