Agf Investments buys $195,941,323 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Agf Investments scooped up 105,150 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 1,601,482 shares of Chubb Ltd which is valued at $195,941,323.Chubb Ltd makes up approximately 2.33% of Agf Investments’s portfolio.

Chubb Ltd closed down -0.11 points or -0.09% at $122.35 with 19,29,745 shares getting traded on Friday. Post opening the session at $121.6, the shares hit an intraday low of $120.95 and an intraday high of $122.634 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in CB in the latest quarter, The investment management firm added 151,236 additional shares and now holds a total of 2,169,777 shares of Chubb Ltd which is valued at $265,472,216. Chubb Ltd makes up approx 0.31% of American Century Companies Inc’s portfolio.Greenleaf Trust reduced its stake in CB by selling 11,622 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 161,109 shares of CB which is valued at $18,988,307. Chubb Ltd makes up approx 0.51% of Greenleaf Trust’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in CB in the latest quarter, The investment management firm added 21,823 additional shares and now holds a total of 731,128 shares of Chubb Ltd which is valued at $86,170,746. Chubb Ltd makes up approx 0.27% of Mizuho Trust Banking Ltd.’s portfolio. Loring Wolcott Coolidge Fiduciary Advisors Llpma sold out all of its stake in CB during the most recent quarter. The investment firm sold 19,628 shares of CB which is valued $2,313,356.Alta Capital Management boosted its stake in CB in the latest quarter, The investment management firm added 4,802 additional shares and now holds a total of 234,093 shares of Chubb Ltd which is valued at $27,927,295. Chubb Ltd makes up approx 1.71% of Alta Capital Management’s portfolio.

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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