British Airways Pensions Investment Management Ltd adds Chubb Ltd (CB) to its portfolio

Chubb Ltd (CB) : British Airways Pensions Investment Management Ltd added new position in Chubb Ltd during the most recent quarter end. The investment management firm now holds 265,840 shares of Chubb Ltd which is valued at $33,809,531 , the company said in a statement filed on Jul 26, 2016 with the SEC.Chubb Ltd makes up approximately 0.99% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in CB in the latest quarter, The investment management firm added 1,282 additional shares and now holds a total of 399,077 shares of Chubb Ltd which is valued at $50,754,613. Chubb Ltd makes up approx 0.29% of Retirement Systems Of Alabama’s portfolio.Financial Architects Inc boosted its stake in CB in the latest quarter, The investment management firm added 501 additional shares and now holds a total of 1,959 shares of Chubb Ltd which is valued at $249,146. Chubb Ltd makes up approx 0.07% of Financial Architects Inc’s portfolio.Coastline Trust Co boosted its stake in CB in the latest quarter, The investment management firm added 865 additional shares and now holds a total of 37,485 shares of Chubb Ltd which is valued at $4,808,951. Chubb Ltd makes up approx 0.95% of Coastline Trust Co’s portfolio. North American Management Corp added CB to its portfolio by purchasing 1,549 company shares during the most recent quarter which is valued at $198,721. Chubb Ltd makes up approx 0.03% of North American Management Corp’s portfolio.Naples Global Advisors boosted its stake in CB in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 6,462 shares of Chubb Ltd which is valued at $836,829. Chubb Ltd makes up approx 0.34% of Naples Global Advisors’s portfolio.

Chubb Ltd closed down -1.21 points or -0.96% at $125.26 with 19,09,049 shares getting traded on Friday. Post opening the session at $126, the shares hit an intraday low of $125.24 and an intraday high of $126.5 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.

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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