SEC Filing Coverage: Why Jpmorgan Chase & Co Reported Big Chubb Ltd Position?

SEC Filing Coverage: Why Jpmorgan Chase & Co Reported Big Chubb Ltd Position?

The New Jpmorgan Chase & Co Holding in Chubb Ltd

Jpmorgan Chase & Co filed with the SEC SC 13G/A form for Chubb Ltd. The form can be accessed here: 000001961716001211. As reported in Jpmorgan Chase & Co’s form, the filler as of late owns 3.9% or 18,390,981 shares of the Finance–company.

Chubb Ltd stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Jpmorgan Chase & Co’s positive view for the stock.

Chubb Ltd Institutional Sentiment

Latest Security and Exchange filings show 594 investors own Chubb Ltd. The institutional ownership in Q3 2015 is extremely high, at 271.53% of the outstanding shares. This is increased by 33144561 the total institutional shares. 318553230 were the shares owned by these institutional investors. In total 84 funds opened new Chubb Ltd stakes, 243 increased stakes. There were 48 that closed positions and 184 reduced them.

14 managers had the stock in their top Ten. Notable investors are: .

Confluence Investment Management Llc is an institutional investor bullish on Chubb Ltd, owning 70257 shares as of Q3 2015 for 0.26% of its portfolio. Cg Asset Management Llc owns 14000 shares or 0.61% of its portfolio. MA Barry Investment Advisors Llc have 0.61% of their stock portfolio for 18535 shares. Further, Bp Wealth Management Llc reported stake worth 0.61% of its US stock portfolio. The MA Bainco International Investors owns 56757 shares. Chubb Ltd is 1.43% of the manager’s US portfolio.

Business Profile

Action Construction Equipment Ltd. is an India-based material handling and construction equipment manufacturing company. The Company is engaged in manufacturing general purpose and special purpose machinery. The Company operates through segments, including cranes, material handling/construction equipment, and agri equipment. The Company offers mobile cranes and tower cranes. The Company also offers mobile and fixed tower cranes, crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders and loaders, vibratory rollers, forklifts, tractors and harvesters, and other construction equipment. The Company’s production facilities are located at industrial townships of Faridabad, Haryana, and Kashipur, Uttarakhand. Its products are applicable in power projects, ports and shipyards, dams, metro rail, roads, mining, steel industry, engineering industry, railways, cement, petroleum, defense, warehousing, logistics and building construction, among others.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 0.62 in Q2 2016. Its up 0.60, from 0.02 in 2016Q1. The ratio improved, as 9 funds sold all Action Construction Equipment Limited shares owned while 4 reduced positions. 3 funds bought stakes while 5 increased positions. They now own 34.15 million shares or 0.64% more from 33.94 million shares in 2016Q1.

Diam Company Limited last reported 48,803 shares in the company. Department Mb National Bank & Trust N A, a Illinois-based fund reported 348 shares. Cap Guardian Tru holds 0.96% or 950,761 shares in its portfolio. Ww accumulated 0.85% or 24.09 million shares. Ftb Advsrs last reported 0.01% of its portfolio in the stock. Cap Ca holds 12,900 shares or 0.2% of its portfolio. Capital Glob Invsts has 0.02% invested in the company for 510,411 shares. Cap Intl Sarl owns 32,840 shares or 0.37% of their US portfolio. Cap Intl Ca, a California-based fund reported 49,610 shares. Patten reported 252 shares or 0% of all its holdings. Huntington Fincl Bank has 0.71% invested in the company for 260,376 shares. Moreover, Cap has 1.52% invested in Action Construction Equipment Limited (NSE:ACE) for 7.91 million shares. Janney Montgomery Scott Lc last reported 18,808 shares in the company. Bedrijfstakpensioenfonds Voor De Media Pno, a Netherlands-based fund reported 15,539 shares. Metropolitan Life Insur Ny has invested 0.24% of its portfolio in Action Construction Equipment Limited (NSE:ACE).

Insider Transactions: Since May 11, 2016, the stock had 2 insider purchases, and 3 insider sales for $14.76 million net activity. SIDWELL DAVID H bought 830 shares worth $103,667. RINGSTED SEAN had sold 15,570 shares worth $1.95 million on Tuesday, August 2. The insider GREENBERG EVAN G sold 39,943 shares worth $5.01M. On Wednesday, May 11 BOROUGHS TIMOTHY ALAN sold $1.81M worth of the stock or 14,470 shares. BANCROFT PHILIP V sold $9.26 million worth of stock. Shares for $1.35 million were bought by SCULLY ROBERT W.

The stock decreased 1.25% or INR 0.65 on November 8, hitting INR 51.55. Action Construction Equipment Limited (NSE:ACE) has risen 29.53% since April 11, 2016 and is uptrending. It has outperformed by 26.39% the S&P500.

Action Construction Equipment Ltd. is an India material handling and construction equipment manufacturing company. The company has a market cap of INR5.13 billion. The Firm is engaged in manufacturing general purpose and special purpose machinery. It has a 13.68 P/E ratio. The Firm operates through divisions, including cranes, material handling/construction equipment, and agri equipment.

ACE Company Profile

Chubb Limited (Chubb), formerly ACE Limited, incorporated on July 18, 2008, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. 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. It provides traditional and specialty property and casualty (P&C) coverage for industrial, commercial and mid-market companies with claims and risk engineering capabilities to serve companies of various sizes. The Company’s commercial P&C business is focused on various corporate clients that are served by retail brokers, middle market and small commercial companies served by retail independent agents and brokers, and specialty excess and surplus lines distributed through wholesale brokers. On the consumer insurance side, it offers a range of products for individual clients and their families that include automobile, homeowners, fine art, planes and boats, personal liability, cell phones, accident, travel, supplemental health and life insurance.

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