Capital International Investors buys $951,635,047 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Capital International Investors scooped up 890,651 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 7,532,930 shares of Chubb Ltd which is valued at $951,635,047.Chubb Ltd makes up approximately 1.39% of Capital International Investors’s portfolio.

Other Hedge Funds, Including , Ahl Partners Llp reduced its stake in CB by selling 18,997 shares or 86.86% in the most recent quarter. The Hedge Fund company now holds 2,874 shares of CB which is valued at $363,072. Chubb Ltd makes up approx 0.02% of Ahl Partners Llp’s portfolio.Meiji Yasuda Life Insurance Co reduced its stake in CB by selling 5,916 shares or 26.32% in the most recent quarter. The Hedge Fund company now holds 16,565 shares of CB which is valued at $2,092,656. Chubb Ltd makes up approx 0.32% of Meiji Yasuda Life Insurance Co’s portfolio.Anchor Capital Advisors reduced its stake in CB by selling 2,406 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 158,657 shares of CB which is valued at $19,906,694. Chubb Ltd makes up approx 0.51% of Anchor Capital Advisors’s portfolio.Advisory Services Network reduced its stake in CB by selling 3,134 shares or 39.55% in the most recent quarter. The Hedge Fund company now holds 4,790 shares of CB which is valued at $609,192. Chubb Ltd makes up approx 0.13% of Advisory Services Network’s portfolio.

Chubb Ltd closed down -0.51 points or -0.40% at $127.53 with 1,263,770 shares getting traded on Wednesday. Post opening the session at $127.44, the shares hit an intraday low of $127.05 and an intraday high of $128.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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.

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