Chubb Ltd (CB) was Initiated by Citigroup to “Buy”. Citigroup advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Chubb Ltd. Chubb Ltd was Downgraded by Goldman to ” Neutral” on Nov 15, 2016.
On the company’s financial health, Chubb Ltd reported $2.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.30 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $2.58. The company had revenue of $7573.00 million for the quarter, compared to analysts expectations of $7275.83 million. The company’s revenue was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS.
Chubb Ltd opened for trading at $125.63 and hit $126.73 on the upside on Monday, eventually ending the session at $126.3, with a gain of 0.77% or 0.96 points. The heightened volatility saw the trading volume jump to 19,89,656 shares. Company has a market cap of $58,772 M.
Investors should note that on Nov 17, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Dec 28, 2016 as the ex-dividend date and fixed the record date on Dec 30, 2016. The payable date has been fixed on Jan 20, 2017.
In a different news, on Oct 12, 2016, David H Sidwell (director) purchased 830 shares at $124.90 per share price. According to the SEC, on Aug 4, 2016, Robert W Scully (director) purchased 10,725 shares at $125.93 per share price. On Aug 4, 2016, Sean Ringsted (EVP, Chief Risk Officer and*) sold 15,570 shares at $125.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.