Chubb Ltd (CB) : Wcm Investment Managementca added new position in Chubb Ltd during the most recent quarter end. The investment management firm now holds 9,578,412 shares of Chubb Ltd which is valued at $1,198,450,909 , the company said in a statement filed on May 9, 2016 with the SEC.Chubb Ltd makes up approximately 19.29% of Wcm Investment Managementca’s portfolio.
Other Hedge Funds, Including , Mark Sheptoff Financial Planning reduced its stake in CB by selling 1 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 481 shares of CB which is valued at $60,183. Chubb Ltd makes up approx 0.05% of Mark Sheptoff Financial Planning’s portfolio.Numeric Investors boosted its stake in CB in the latest quarter, The investment management firm added 158,800 additional shares and now holds a total of 160,700 shares of Chubb Ltd which is valued at $19,661,645. Chubb Ltd makes up approx 0.21% of Numeric Investors’s portfolio.Intrust Bank Na boosted its stake in CB in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 2,372 shares of Chubb Ltd which is valued at $290,214. Chubb Ltd makes up approx 0.11% of Intrust Bank Na’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 $67,167,235. Chubb Ltd makes up approx 0.43% of Glenmede Trust Co Na’s portfolio.Chesley Taft Associates boosted its stake in CB in the latest quarter, The investment management firm added 241 additional shares and now holds a total of 14,540 shares of Chubb Ltd which is valued at $1,713,684. Chubb Ltd makes up approx 0.18% of Chesley Taft Associates’s portfolio.
Chubb Ltd closed down -0.26 points or -0.21% at $125.12 with 15,10,167 shares getting traded on Friday. Post opening the session at $124.98, the shares hit an intraday low of $124.66 and an intraday high of $125.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.