Broderick Brian C buys $2.8 Million stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Broderick Brian C scooped up 7,811 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 27, 2016. The investment management firm now holds a total of 21,973 shares of Chubb Ltd which is valued at $2.8 Million.Chubb Ltd makes up approximately 1.20% of Broderick Brian C’s portfolio.

Other Hedge Funds, Including , Gardiner Nancy B boosted its stake in CB in the latest quarter, The investment management firm added 1,025 additional shares and now holds a total of 2,911 shares of Chubb Ltd which is valued at $370,337. Chubb Ltd makes up approx 1.59% of Gardiner Nancy B’s portfolio.Walleye Trading reduced its stake in CB by selling 21,670 shares or 55.24% in the most recent quarter. The Hedge Fund company now holds 17,556 shares of CB which is valued at $2.2 Million. Chubb Ltd makes up approx 0.24% of Walleye Trading’s portfolio.Clearbridge Investments reduced its stake in CB by selling 7,146 shares or 7.71% in the most recent quarter. The Hedge Fund company now holds 85,486 shares of CB which is valued at $10.7 Million. Chubb Ltd makes up approx 0.01% of Clearbridge Investments’s portfolio.Fort Washington Investment Advisors Inc Oh reduced its stake in CB by selling 730 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 31,120 shares of CB which is valued at $3.9 Million. Chubb Ltd makes up approx 0.08% of Fort Washington Investment Advisors Inc Oh’s portfolio.Vanguard Group Inc boosted its stake in CB in the latest quarter, The investment management firm added 1,470,899 additional shares and now holds a total of 29,929,586 shares of Chubb Ltd which is valued at $3,744.8 Million. Chubb Ltd makes up approx 0.24% of Vanguard Group Inc’s portfolio.

Chubb Ltd closed down -0.4 points or -0.32% at $126.4 with 12,34,234 shares getting traded on Tuesday. Post opening the session at $127.02, the shares hit an intraday low of $126.34 and an intraday high of $127.37 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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.

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