Chubb Ltd (CB) : Matrix Asset Advisors Incny scooped up 1,929 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 45,746 shares of Chubb Ltd which is valued at $5,739,751.Chubb Ltd makes up approximately 1.07% of Matrix Asset Advisors Incny’s portfolio.
Other Hedge Funds, Including , Evermay Wealth Management added CB to its portfolio by purchasing 1,612 company shares during the most recent quarter which is valued at $202,258. Chubb Ltd makes up approx 0.10% of Evermay Wealth Management’s portfolio. Welch Forbes sold out all of its stake in CB during the most recent quarter. The investment firm sold 119,456 shares of CB which is valued $14,988,144.Security National Trust Co reduced its stake in CB by selling 111 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 23,014 shares of CB which is valued at $2,957,069. Chubb Ltd makes up approx 1.06% of Security National Trust Co’s portfolio. Kanaly Trust Co added CB to its portfolio by purchasing 108 company shares during the most recent quarter which is valued at $13,877.Trust Co Of Oklahoma reduced its stake in CB by selling 331 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 20,242 shares of CB which is valued at $2,617,088. Chubb Ltd makes up approx 1.41% of Trust Co Of Oklahoma’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.