Chubb Ltd (CB) : Karp Capital Management Corp added new position in Chubb Ltd during the most recent quarter end. The investment management firm now holds 18,009 shares of Chubb Ltd which is valued at $2,275,077 , the company said in a statement filed on Aug 12, 2016 with the SEC.Chubb Ltd makes up approximately 1.49% of Karp Capital Management Corp’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies reduced its stake in CB by selling 40,340 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 1,160,717 shares of CB which is valued at $146,633,379. Chubb Ltd makes up approx 2.49% of Levin Capital Strategies’s portfolio.Schwartz Investment Counsel Inc reduced its stake in CB by selling 25,000 shares or 10.52% in the most recent quarter. The Hedge Fund company now holds 212,600 shares of CB which is valued at $27,019,334. Chubb Ltd makes up approx 1.87% of Schwartz Investment Counsel Inc’s portfolio.Copeland Capital Management reduced its stake in CB by selling 374 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 12,278 shares of CB which is valued at $1,559,306. Chubb Ltd makes up approx 0.11% of Copeland Capital Management’s portfolio.Swiss National Bank boosted its stake in CB in the latest quarter, The investment management firm added 94,600 additional shares and now holds a total of 1,291,820 shares of Chubb Ltd which is valued at $162,084,655. Chubb Ltd makes up approx 0.26% of Swiss National Bank’s portfolio.Delta Asset Managementtn boosted its stake in CB in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 382 shares of Chubb Ltd which is valued at $49,083. Chubb Ltd makes up approx 0.01% of Delta Asset Managementtn’s portfolio.
Chubb Ltd opened for trading at $126.1 and hit $127.35 on the upside on Monday, eventually ending the session at $127.08, with a gain of 0.93% or 1.17 points. The heightened volatility saw the trading volume jump to 10,33,685 shares. Company has a market cap of $59,102 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.
Investors should note that on Aug 11, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 21, 2016.
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.