Fukoku Mutual Life Insurance Co Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Fukoku Mutual Life Insurance Co reduced its stake in Chubb Ltd by 44.38% during the most recent quarter end. The investment management company now holds a total of 4,763 shares of Chubb Ltd which is valued at $595,947 after selling 3,800 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on May 11, 2016.Chubb Ltd makes up approximately 0.13% of Fukoku Mutual Life Insurance Co’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in CB in the latest quarter, The investment management firm added 10,117 additional shares and now holds a total of 181,878 shares of Chubb Ltd which is valued at $22.8 Million. Chubb Ltd makes up approx 0.21% of Comerica Bank’s portfolio. J.safra Asset Management Corp added CB to its portfolio by purchasing 3,284 company shares during the most recent quarter which is valued at $410,894. Chubb Ltd makes up approx 0.34% of J.safra Asset Management Corp’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in CB by selling 76,266 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 11,974,022 shares of CB which is valued at $1,498.2 Million. Chubb Ltd makes up approx 0.25% of Blackrock Institutional Trust Company N.a.’s portfolio.Ngam Advisors boosted its stake in CB in the latest quarter, The investment management firm added 12,082 additional shares and now holds a total of 130,137 shares of Chubb Ltd which is valued at $15.9 Million. Chubb Ltd makes up approx 0.24% of Ngam Advisors’s portfolio.Boston Family Office reduced its stake in CB by selling 5,077 shares or 35.22% in the most recent quarter. The Hedge Fund company now holds 9,337 shares of CB which is valued at $1.1 Million. Chubb Ltd makes up approx 0.15% of Boston Family Office’s portfolio.

Chubb Ltd opened for trading at $124.91 and hit $125.77 on the upside on Monday, eventually ending the session at $125.29, with a gain of 0.14% or 0.17 points. The heightened volatility saw the trading volume jump to 12,46,136 shares. Company has a market cap of $58,195 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. 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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