Chubb Ltd (CB) : Harfst Associates added new position in Chubb Ltd during the most recent quarter end. The investment management firm now holds 3,492 shares of Chubb Ltd which is valued at $427,246 , the company said in a statement filed on May 3, 2016 with the SEC.Chubb Ltd makes up approximately 0.27% of Harfst Associates’s portfolio.
Other Hedge Funds, Including , Geneva Advisors boosted its stake in CB in the latest quarter, The investment management firm added 16,933 additional shares and now holds a total of 48,020 shares of Chubb Ltd which is valued at $5,875,247. Chubb Ltd makes up approx 0.12% of Geneva Advisors’s portfolio. Cadence Capital Management sold out all of its stake in CB during the most recent quarter. The investment firm sold 49,943 shares of CB which is valued $6,110,526.Armstrong Shaw Associates Incct reduced its stake in CB by selling 7,935 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 110,039 shares of CB which is valued at $12,969,197. Chubb Ltd makes up approx 3.33% of Armstrong Shaw Associates Incct’s portfolio.Ohio National Investments boosted its stake in CB in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 10,309 shares of Chubb Ltd which is valued at $1,215,019. Chubb Ltd makes up approx 0.22% of Ohio National Investments’s portfolio.Lebenthal Holdingsllc boosted its stake in CB in the latest quarter, The investment management firm added 3,343 additional shares and now holds a total of 12,198 shares of Chubb Ltd which is valued at $1,455,221. Chubb Ltd makes up approx 0.25% of Lebenthal Holdingsllc’s portfolio.
Chubb Ltd opened for trading at $123.24 and hit $125.28 on the upside on Tuesday, eventually ending the session at $125.22, with a gain of 1.89% or 2.32 points. The heightened volatility saw the trading volume jump to 16,36,207 shares. Company has a market cap of $57,810 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.