Chubb Ltd (CB) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $2.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $2.17. The company posted revenue of $5995.00 million in the period, 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 opened for trading at $117.53 and hit $119.425 on the upside on Monday, eventually ending the session at $118.95, with a gain of 0.92% or 1.09 points. The heightened volatility saw the trading volume jump to 18,26,924 shares. Company has a market cap of $54,916 M.
In a different news, on Mar 29, 2016, John W Keogh (Executive Vice Chairman*) sold 15,852 shares at $119.36 per share price. According to the SEC, on Mar 21, 2016, Paul Bennett Medini (Chief Accounting Officer) sold 3,633 shares at $121.31 per share price. On Feb 10, 2016, Philip V Bancroft (Chief Financial Officer) sold 14,027 shares at $109.46 per share price, according to the Form-4 filing with the securities and exchange commission.
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.