Evercore Wealth Management Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Evercore Wealth Management reduced its stake in Chubb Ltd by 0.72% during the most recent quarter end. The investment management company now holds a total of 426,875 shares of Chubb Ltd which is valued at $53,560,006 after selling 3,094 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Chubb Ltd makes up approximately 2.31% of Evercore Wealth Management’s portfolio.

Other Hedge Funds, Including , Klingenstein Fields Co boosted its stake in CB in the latest quarter, The investment management firm added 1,428 additional shares and now holds a total of 70,944 shares of Chubb Ltd which is valued at $8,901,344. Chubb Ltd makes up approx 0.41% of Klingenstein Fields Co’s portfolio.Stevens First Principles Investment Advisors reduced its stake in CB by selling 425 shares or 37.09% in the most recent quarter. The Hedge Fund company now holds 721 shares of CB which is valued at $90,312. Chubb Ltd makes up approx 0.07% of Stevens First Principles Investment Advisors’s portfolio.Salient Trust Co Lta boosted its stake in CB in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 24,280 shares of Chubb Ltd which is valued at $3,114,881. Chubb Ltd makes up approx 0.33% of Salient Trust Co Lta’s portfolio.Capital Analysts boosted its stake in CB in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 22,221 shares of Chubb Ltd which is valued at $2,872,953. Chubb Ltd makes up approx 0.57% of Capital Analysts’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in CB in the latest quarter, The investment management firm added 8,025 additional shares and now holds a total of 120,230 shares of Chubb Ltd which is valued at $15,658,755. Chubb Ltd makes up approx 0.33% of Exxonmobil Investment Management Inc Tx’s portfolio.

Chubb Ltd closed down -0.02 points or -0.02% at $125.45 with 11,51,493 shares getting traded on Thursday. Post opening the session at $125.77, the shares hit an intraday low of $125.15 and an intraday high of $126.11 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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