First American Trust Fsb adds Chubb Ltd (CB) to its portfolio

Chubb Ltd (CB) : First American Trust Fsb added new position in Chubb Ltd during the most recent quarter end. The investment management firm now holds 36,666 shares of Chubb Ltd which is valued at $4,775,380 , the company said in a statement filed on Jul 6, 2016 with the SEC.Chubb Ltd makes up approximately 1.66% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , Curian Capital sold out all of its stake in CB during the most recent quarter. The investment firm sold 16,524 shares of CB which is valued $2,152,086.Integrated Investment Consultants boosted its stake in CB in the latest quarter, The investment management firm added 128 additional shares and now holds a total of 1,011 shares of Chubb Ltd which is valued at $130,399. Chubb Ltd makes up approx 0.07% of Integrated Investment Consultants’s portfolio.Stock Yards Bank Trust Co boosted its stake in CB in the latest quarter, The investment management firm added 47 additional shares and now holds a total of 2,182 shares of Chubb Ltd which is valued at $281,434. Chubb Ltd makes up approx 0.04% of Stock Yards Bank Trust Co’s portfolio.Cacti Asset Management boosted its stake in CB in the latest quarter, The investment management firm added 2,564 additional shares and now holds a total of 220,046 shares of Chubb Ltd which is valued at $28,676,395. Chubb Ltd makes up approx 3.11% of Cacti Asset Management’s portfolio.

Chubb Ltd closed down -0.29 points or -0.22% at $129.95 with 11,69,605 shares getting traded on Monday. Post opening the session at $129.58, the shares hit an intraday low of $129.12 and an intraday high of $130.57 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Chubb Ltd was Downgraded by Atlantic Equities to ” Underweight” on Jun 16, 2016. 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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