Chubb Ltd (CB) : Great Lakes Advisors scooped up 27,553 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 524,170 shares of Chubb Ltd which is valued at $65.6 Million.Chubb Ltd makes up approximately 1.81% of Great Lakes Advisors’s portfolio.
Other Hedge Funds, Including , Ipswich Investment Management reduced its stake in CB by selling 8,041 shares or 19.01% in the most recent quarter. The Hedge Fund company now holds 34,262 shares of CB which is valued at $4.3 Million. Chubb Ltd makes up approx 2.07% of Ipswich Investment Management’s portfolio.Bahl Gaynor Inc boosted its stake in CB in the latest quarter, The investment management firm added 378 additional shares and now holds a total of 8,809 shares of Chubb Ltd which is valued at $1.1 Million. Chubb Ltd makes up approx 0.01% of Bahl Gaynor Inc’s portfolio.Montag A Associates Inc boosted its stake in CB in the latest quarter, The investment management firm added 1,194 additional shares and now holds a total of 3,046 shares of Chubb Ltd which is valued at $372,678. Chubb Ltd makes up approx 0.05% of Montag A Associates Inc’s portfolio.Northstar Investment Advisors boosted its stake in CB in the latest quarter, The investment management firm added 17,336 additional shares and now holds a total of 62,324 shares of Chubb Ltd which is valued at $7.6 Million. Chubb Ltd makes up approx 1.88% of Northstar Investment Advisors’s portfolio. Checchi Capital Advisers added CB to its portfolio by purchasing 2,735 company shares during the most recent quarter which is valued at $334,627. Chubb Ltd makes up approx 0.09% of Checchi Capital Advisers’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.