Chubb Ltd (CB) : Foster Motley Inc scooped up 2,646 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 32,194 shares of Chubb Ltd which is valued at $4,039,381.Chubb Ltd makes up approximately 0.78% of Foster Motley Inc’s portfolio.
Other Hedge Funds, Including , Parkside Financial Bank Trust boosted its stake in CB in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 2,927 shares of Chubb Ltd which is valued at $367,251. Chubb Ltd makes up approx 0.18% of Parkside Financial Bank Trust’s portfolio.Bbva Compass Bancshares Inc reduced its stake in CB by selling 4,496 shares or 35.2% in the most recent quarter. The Hedge Fund company now holds 8,278 shares of CB which is valued at $1,036,902. Chubb Ltd makes up approx 0.08% of Bbva Compass Bancshares Inc’s portfolio.
Chubb Ltd opened for trading at $127.24 and hit $127.48 on the upside on Monday, eventually ending the session at $127.09, with a gain of 0.07% or 0.09 points. The heightened volatility saw the trading volume jump to 15,32,614 shares. Company has a market cap of $59,031 M.
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.