Pittenger Anderson Inc buys $6,979,274 stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Pittenger Anderson Inc scooped up 18,112 additional shares in Chubb Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 54,916 shares of Chubb Ltd which is valued at $6,979,274.Chubb Ltd makes up approximately 0.76% of Pittenger Anderson Inc’s portfolio.

Other Hedge Funds, Including , First Interstate Bank added CB to its portfolio by purchasing 5,033 company shares during the most recent quarter which is valued at $637,127. Chubb Ltd makes up approx 0.13% of First Interstate Bank’s portfolio.Partnervest Advisory Services boosted its stake in CB in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 2,843 shares of Chubb Ltd which is valued at $361,061. Chubb Ltd makes up approx 0.17% of Partnervest Advisory Services’s portfolio.Woodstock Corp reduced its stake in CB by selling 342 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 21,257 shares of CB which is valued at $2,667,116. Chubb Ltd makes up approx 0.53% of Woodstock Corp’s portfolio.Anchor Capital Advisors reduced its stake in CB by selling 2,406 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 158,657 shares of CB which is valued at $19,906,694. Chubb Ltd makes up approx 0.51% of Anchor Capital Advisors’s portfolio.Quadrant Capital Group boosted its stake in CB in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 610 shares of Chubb Ltd which is valued at $76,409. Chubb Ltd makes up approx 0.05% of Quadrant Capital Group’s portfolio.

Chubb Ltd opened for trading at $126.05 and hit $126.2877 on the upside on Wednesday, eventually ending the session at $126.09, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 11,70,952 shares. Company has a market cap of $58,642 M.

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.

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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