Jupiter Asset Management Ltd Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Jupiter Asset Management Ltd reduced its stake in Chubb Ltd by 14.16% during the most recent quarter end. The investment management company now holds a total of 350,584 shares of Chubb Ltd which is valued at $44,289,277 after selling 57,810 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Chubb Ltd makes up approximately 1.78% of Jupiter Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Bahl Gaynor Inc boosted its stake in CB in the latest quarter, The investment management firm added 2,686 additional shares and now holds a total of 11,495 shares of Chubb Ltd which is valued at $1,452,163. Chubb Ltd makes up approx 0.02% of Bahl Gaynor Inc’s portfolio.Ci Global Investments boosted its stake in CB in the latest quarter, The investment management firm added 406,182 additional shares and now holds a total of 1,767,380 shares of Chubb Ltd which is valued at $224,457,260. Chubb Ltd makes up approx 5.94% of Ci Global Investments’s portfolio.Oakworth Capital boosted its stake in CB in the latest quarter, The investment management firm added 421 additional shares and now holds a total of 676 shares of Chubb Ltd which is valued at $86,859. Chubb Ltd makes up approx 0.03% of Oakworth Capital’s portfolio.Dorsey Wright Associates reduced its stake in CB by selling 168 shares or 5.41% in the most recent quarter. The Hedge Fund company now holds 2,937 shares of CB which is valued at $377,375. Chubb Ltd makes up approx 0.20% of Dorsey Wright Associates’s portfolio.

Chubb Ltd closed down -0.78 points or -0.61% at $126.48 with 11,26,434 shares getting traded on Friday. Post opening the session at $126.81, the shares hit an intraday low of $126.02 and an intraday high of $127.33 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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