Stillwater Investment Management buys $24.2 Million stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Stillwater Investment Management scooped up 36,000 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 193,200 shares of Chubb Ltd which is valued at $24.2 Million.Chubb Ltd makes up approximately 11.78% of Stillwater Investment Management’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in CB by selling 7,529 shares or 18.39% in the most recent quarter. The Hedge Fund company now holds 33,407 shares of CB which is valued at $4.2 Million. Chubb Ltd makes up approx 0.03% of Atlantic Trust Group’s portfolio.Stephens Inc Ar boosted its stake in CB in the latest quarter, The investment management firm added 341 additional shares and now holds a total of 16,746 shares of Chubb Ltd which is valued at $2 Million. Chubb Ltd makes up approx 0.10% of Stephens Inc Ar’s portfolio.Diversified Trust Co reduced its stake in CB by selling 2,022 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 24,424 shares of CB which is valued at $3 Million. Chubb Ltd makes up approx 0.42% of Diversified Trust Co’s portfolio.Conning boosted its stake in CB in the latest quarter, The investment management firm added 174 additional shares and now holds a total of 22,524 shares of Chubb Ltd which is valued at $2.7 Million. Chubb Ltd makes up approx 0.11% of Conning’s portfolio.Glenmede Trust Co Na reduced its stake in CB by selling 45,238 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 569,890 shares of CB which is valued at $67.2 Million. Chubb Ltd makes up approx 0.43% of Glenmede Trust Co Na’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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