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UBS boosts stake in Chubb as the insurance firm beats earnings estimates and raises dividend.
UBS Asset Management increased its stake in Chubb Limited by 15.4%, now owning $760 million worth of shares.
Despite a downgrade from Deutsche Bank to a "hold" rating, Chubb reported strong earnings, beating estimates by $0.40 per share, and raised its dividend.
The stock has a "Moderate Buy" consensus rating and a market cap of $118 billion.
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UBS aumenta su participación en Chubb a medida que la compañía de seguros supera las estimaciones de ganancias y aumenta el dividendo.