Somerville Kurt F buys $9,274,237 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Somerville Kurt F scooped up 12,649 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 73,262 shares of Chubb Ltd which is valued at $9,274,237.Chubb Ltd makes up approximately 2.03% of Somerville Kurt F’s portfolio.

Other Hedge Funds, Including , Carnegie Capital Asset Management reduced its stake in CB by selling 342 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 17,588 shares of CB which is valued at $2,206,766. Chubb Ltd makes up approx 0.31% of Carnegie Capital Asset Management’s portfolio.Ftb Advisors reduced its stake in CB by selling 1,212 shares or 54.16% in the most recent quarter. The Hedge Fund company now holds 1,026 shares of CB which is valued at $128,517. Chubb Ltd makes up approx 0.02% of Ftb Advisors’s portfolio.Nepsis Capital Management reduced its stake in CB by selling 4,029 shares or 6.13% in the most recent quarter. The Hedge Fund company now holds 61,666 shares of CB which is valued at $7,985,747. Chubb Ltd makes up approx 4.41% of Nepsis Capital Management’s portfolio.

Chubb Ltd opened for trading at $126.54 and hit $126.805 on the upside on Monday, eventually ending the session at $126.35, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 11,91,472 shares. Company has a market cap of $58,763 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.

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