Nepsis Capital Management Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Nepsis Capital Management reduced its stake in Chubb Ltd by 6.13% during the most recent quarter end. The investment management company now holds a total of 61,666 shares of Chubb Ltd which is valued at $7,985,747 after selling 4,029 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Chubb Ltd makes up approximately 4.41% of Nepsis Capital Management’s portfolio.

Other Hedge Funds, Including , Firstmerit Bank N A Trustee reduced its stake in CB by selling 89 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 8,267 shares of CB which is valued at $1,070,577. Chubb Ltd makes up approx 0.08% of Firstmerit Bank N A Trustee’s portfolio. Searle sold out all of its stake in CB during the most recent quarter. The investment firm sold 2,013 shares of CB which is valued $260,684.Patten Patten Inctn reduced its stake in CB by selling 257 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 6,114 shares of CB which is valued at $796,287. Chubb Ltd makes up approx 0.11% of Patten Patten Inctn’s portfolio.

Chubb Ltd closed down -0.33 points or -0.25% at $129.57 with 10,74,660 shares getting traded on Friday. Post opening the session at $130.56, the shares hit an intraday low of $129.32 and an intraday high of $130.56 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. 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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