Rafferty Asset Management Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Rafferty Asset Management reduced its stake in Chubb Ltd by 18.59% during the most recent quarter end. The investment management company now holds a total of 49,948 shares of Chubb Ltd which is valued at $6,322,917 after selling 11,404 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Chubb Ltd makes up approximately 0.40% of Rafferty Asset Management’s portfolio.

Other Hedge Funds, Including , Btim Corp. boosted its stake in CB in the latest quarter, The investment management firm added 6,859 additional shares and now holds a total of 425,096 shares of Chubb Ltd which is valued at $54,025,451. Chubb Ltd makes up approx 0.89% of Btim Corp.’s portfolio.Diligent Investors boosted its stake in CB in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 1,933 shares of Chubb Ltd which is valued at $242,128. Chubb Ltd makes up approx 0.22% of Diligent Investors’s portfolio. Livingston Group Asset Management Co (operating As Southp… added CB to its portfolio by purchasing 30 company shares during the most recent quarter which is valued at $3,815.Vigilant Capital Management boosted its stake in CB in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 52,816 shares of Chubb Ltd which is valued at $6,775,765. Chubb Ltd makes up approx 1.26% of Vigilant Capital Management’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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