Chubb Ltd (CB) : Wellington Management Group Llp reduced its stake in Chubb Ltd by 5.38% during the most recent quarter end. The investment management company now holds a total of 32,841,412 shares of Chubb Ltd which is valued at $4,109.1 Million after selling 1,868,773 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on May 13, 2016.Chubb Ltd makes up approximately 1.08% of Wellington Management Group Llp’s portfolio.
Other Hedge Funds, Including , Dreman Value Management L L C boosted its stake in CB in the latest quarter, The investment management firm added 2,419 additional shares and now holds a total of 8,791 shares of Chubb Ltd which is valued at $1.1 Million. Chubb Ltd makes up approx 0.13% of Dreman Value Management L L C’s portfolio.Systematic Financial Management Lp reduced its stake in CB by selling 2,580 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 62,666 shares of CB which is valued at $7.8 Million. Chubb Ltd makes up approx 0.10% of Systematic Financial Management Lp’s portfolio. Penserra Capital Management sold out all of its stake in CB during the most recent quarter. The investment firm sold 35 shares of CB which is valued $4,379.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.Public Employees Retirement Association Of Colorado boosted its stake in CB in the latest quarter, The investment management firm added 1,989 additional shares and now holds a total of 100,783 shares of Chubb Ltd which is valued at $11.9 Million. Chubb Ltd makes up approx 0.10% of Public Employees Retirement Association Of Colorado’s portfolio.
Chubb Ltd opened for trading at $127.43 and hit $128.14 on the upside on Wednesday, eventually ending the session at $127.17, with a gain of 0.09% or 0.11 points. The heightened volatility saw the trading volume jump to 17,61,145 shares. Company has a market cap of $59,068 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.
Investors should note that on May 19, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 21, 2016.
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.