Stock of the Day: Ace LTD (NYSE:ACE): Institutional Investors Are Worried

November 25, 2016 - By Richard Conner   ·   0 Comments

Stock of the Day: Ace LTD (NYSE:ACE): Institutional Investors Are Worried

Sentiment for Ace LTD (NYSE:ACE)

Ace LTD (NYSE:ACE) institutional sentiment decreased to 0.15 in 2016 Q2. Its down -0.47, from 0.62 in 2016Q1. The ratio turned negative, as 8 funds increased and opened new stock positions, while 13 reduced and sold their stakes in Ace LTD. The funds in our partner’s database now possess: 34.15 million shares, up from 33.94 million shares in 2016Q1. Also, the number of funds holding Ace LTD in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 4 Increased: 5 New Position: 3.

Chubb Limited , formerly ACE Limited, is a holding company. The company has a market cap of $58.82 billion. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. It has a 16.85 P/E ratio. The Company’s divisions include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

About 293,540 shares traded hands. Chubb Ltd (NYSE:ACE) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Analysts await Chubb Ltd (NYSE:CB) to report earnings on January, 24. They expect $2.43 earnings per share, up 2.10% or $0.05 from last year’s $2.38 per share. CB’s profit will be $1.13B for 12.98 P/E if the $2.43 EPS becomes a reality. After $2.88 actual earnings per share reported by Chubb Ltd for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.

According to Zacks Investment Research, “Chubb Limited is a property and casualty insurance company. It provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance. Chubb Limited, formerly known as ACE Limited, is based in Zurich, Switzerland.”

Woodley Farra Manion Portfolio Management Inc holds 2.64% of its portfolio in Chubb Ltd for 130,886 shares. Verity & Verity Llc owns 209,841 shares or 2.32% of their US portfolio. Moreover, Axiom International Investors Llc De has 2.09% invested in the company for 551,105 shares. The Massachusetts-based Penobscot Investment Management Company Inc. has invested 1.96% in the stock. Connors Investor Services Inc, a Pennsylvania-based fund reported 67,354 shares.#img1#

Chubb Ltd (NYSE:CB) Ratings Coverage

Ratings analysis reveals 80% of ACE Limited’s analysts are positive. Out of 10 Wall Street analysts rating ACE Limited, 8 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $114 while the high is $140. The stock’s average target of $125.50 is -0.49% below today’s ($126.12) share price. ACE was included in 11 notes of analysts from July 31, 2015. M Partners maintained Chubb Ltd (NYSE:CB) rating on Tuesday, January 5. M Partners has “Buy” rating and $140.0 price target. The firm has “Overweight” rating by Piper Jaffray given on Thursday, October 15. The stock of Chubb Ltd (NYSE:CB) has “Outperform” rating given on Friday, July 31 by Bernstein. The company was upgraded on Tuesday, September 22 by Zacks. As per Monday, August 17, the company rating was upgraded by BMO Capital Markets. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 13. The rating was reinitiated by Morgan Stanley on Thursday, November 12 with “Overweight”. Sandler O’Neill upgraded the stock to “Hold” rating in Tuesday, August 25 report. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. The rating was upgraded by Goldman Sachs on Friday, September 25 to “Buy”.

CB Company Profile

The Chubb Corporation, incorporated in June 1967, is a holding firm for separately organized, property and casualty insurance companies referred to as the Chubb Group of Insurance Companies (the P&C Group). The P&C Group underwrites property and casualty insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. The P&C Group operates through three business units: Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance. For the year ended December 31, 2014, Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance represented 36%, 43% and 21%, respectively, of the Company’s total net premiums written.

More notable recent Chubb Ltd (NYSE:CB) news were published by: Reuters.com which released: “BRIEF-Chubb Ltd says board amended organizational regulations of Chubb Lim…” on November 21, 2016, also Reuters.com with their article: “BRIEF-Chubb Ltd board declares quarterly dividend and authorizes share rep…” published on November 17, 2016, Businessinsurance.com published: “Chubb scores victory in key cyber ruling” on June 02, 2016. More interesting news about Chubb Ltd (NYSE:CB) were released by: Wsj.com and their article: “Chubb’s Operating Earnings Soar” published on July 26, 2016 as well as Nasdaq.com‘s news article titled: “Chubb Limited (CB) Q3 Earnings: Is a Beat in the Cards?” with publication date: October 21, 2016.

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By Richard Conner

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