Johnson Investment Counsel Inc adds Chubb Ltd (CB) to its portfolio

Chubb Ltd (CB) : Johnson Investment Counsel Inc added new position in Chubb Ltd during the most recent quarter end. The investment management firm now holds 261,593 shares of Chubb Ltd which is valued at $33,047,044 , the company said in a statement filed on Aug 11, 2016 with the SEC.Chubb Ltd makes up approximately 1.04% of Johnson Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Picton Mahoney Asset Management reduced its stake in CB by selling 13,900 shares or 11.76% in the most recent quarter. The Hedge Fund company now holds 104,288 shares of CB which is valued at $13,174,703. Chubb Ltd makes up approx 0.88% of Picton Mahoney Asset Management’s portfolio.Pittenger Anderson Inc boosted its stake in CB in the latest quarter, The investment management firm added 18,112 additional shares and now holds a total of 54,916 shares of Chubb Ltd which is valued at $6,979,274. Chubb Ltd makes up approx 0.76% of Pittenger Anderson Inc’s portfolio. Buckhead Capital Management added CB to its portfolio by purchasing 33,189 company shares during the most recent quarter which is valued at $4,217,990. Chubb Ltd makes up approx 0.74% of Buckhead Capital Management’s portfolio. Alpha Cubed Investments sold out all of its stake in CB during the most recent quarter. The investment firm sold 6,503 shares of CB which is valued $825,881.Everett Harris Co Ca reduced its stake in CB by selling 1,168 shares or 9.99% in the most recent quarter. The Hedge Fund company now holds 10,525 shares of CB which is valued at $1,320,572. Chubb Ltd makes up approx 0.05% of Everett Harris Co Ca’s portfolio.

Chubb Ltd closed down -0.94 points or -0.74% at $125.38 with 11,96,856 shares getting traded on Tuesday. Post opening the session at $126.05, the shares hit an intraday low of $125.35 and an intraday high of $126.48 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.

Investors should note that on Aug 11, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 21, 2016.

Many Wall Street Analysts have commented on Chubb Ltd. Chubb Ltd was Downgraded by Atlantic Equities to ” Underweight” on Jun 16, 2016.

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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