Seaward Management Limited Partnership Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Seaward Management Limited Partnership reduced its stake in Chubb Ltd by 12.3% during the most recent quarter end. The investment management company now holds a total of 75,242 shares of Chubb Ltd which is valued at $8,976,371 after selling 10,552 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Chubb Ltd makes up approximately 0.48% of Seaward Management Limited Partnership’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 , Regent Investment Management boosted its stake in CB in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 9,120 shares of Chubb Ltd which is valued at $1,088,016. Chubb Ltd makes up approx 0.59% of Regent Investment Management’s portfolio. Howland Capital Management sold out all of its stake in CB during the most recent quarter. The investment firm sold 177,736 shares of CB which is valued $21,427,852.Carnegie Capital Asset Management boosted its stake in CB in the latest quarter, The investment management firm added 6,744 additional shares and now holds a total of 17,930 shares of Chubb Ltd which is valued at $2,161,641. Chubb Ltd makes up approx 0.33% of Carnegie Capital Asset Management’s portfolio.Independent Portfolio Consultants boosted its stake in CB in the latest quarter, The investment management firm added 695 additional shares and now holds a total of 950 shares of Chubb Ltd which is valued at $114,532. Chubb Ltd makes up approx 0.03% of Independent Portfolio Consultants’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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