Cacti Asset Management buys $29,976,376 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Cacti Asset Management scooped up 23,328 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 243,374 shares of Chubb Ltd which is valued at $29,976,376.Chubb Ltd makes up approximately 3.05% of Cacti Asset Management’s portfolio.

Other Hedge Funds, Including , Harbour Capital Advisors added CB to its portfolio by purchasing 3,212 company shares during the most recent quarter which is valued at $395,622. Chubb Ltd makes up approx 0.21% of Harbour Capital Advisors’s portfolio.

Chubb Ltd closed down -1.25 points or -1.01% at $122.96 with 15,85,153 shares getting traded on Tuesday. Post opening the session at $124.57, the shares hit an intraday low of $122.63 and an intraday high of $124.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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