Chubb Ltd (CB) : Solaris Asset Management added new position in Chubb Ltd during the most recent quarter end. The investment management firm now holds 29,600 shares of Chubb Ltd which is valued at $3.7 Million , the company said in a statement filed on May 11, 2016 with the SEC.Chubb Ltd makes up approximately 2.59% of Solaris Asset Management’s portfolio.
Other Hedge Funds, Including , South Texas Money Management Ltd boosted its stake in CB in the latest quarter, The investment management firm added 2,113 additional shares and now holds a total of 4,218 shares of Chubb Ltd which is valued at $527,756. Chubb Ltd makes up approx 0.03% of South Texas Money Management Ltd’s portfolio. Argi Investment Services sold out all of its stake in CB during the most recent quarter. The investment firm sold 980 shares of CB which is valued $119,903.Tokio Marine Asset Management Co Ltd reduced its stake in CB by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 12,905 shares of CB which is valued at $1.6 Million. Chubb Ltd makes up approx 0.16% of Tokio Marine Asset Management Co Ltd’s portfolio.Agf Investments boosted its stake in CB in the latest quarter, The investment management firm added 105,150 additional shares and now holds a total of 1,601,482 shares of Chubb Ltd which is valued at $195.9 Million. Chubb Ltd makes up approx 2.33% of Agf Investments’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in CB in the latest quarter, The investment management firm added 119,999 additional shares and now holds a total of 283,114 shares of Chubb Ltd which is valued at $33.4 Million. Chubb Ltd makes up approx 0.15% of State Of New Jersey Common Pension Fund D’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.