Alta Capital Management Lowers stake in Chubb Ltd (CB)

Chubb Ltd (CB) : Alta Capital Management reduced its stake in Chubb Ltd by 1.66% during the most recent quarter end. The investment management company now holds a total of 229,337 shares of Chubb Ltd which is valued at $28,717,579 after selling 3,876 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Chubb Ltd makes up approximately 1.82% of Alta Capital Management’s portfolio.

Other Hedge Funds, Including , Atria Investments boosted its stake in CB in the latest quarter, The investment management firm added 3,897 additional shares and now holds a total of 5,905 shares of Chubb Ltd which is valued at $730,685. Chubb Ltd makes up approx 0.07% of Atria Investments’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in CB by selling 240 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 1,410 shares of CB which is valued at $174,473. Chubb Ltd makes up approx 0.05% of Daiwa Sb Investments Ltd.’s portfolio.Chicago Trust Co Na boosted its stake in CB in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 25,857 shares of Chubb Ltd which is valued at $3,199,545. Chubb Ltd makes up approx 1.47% of Chicago Trust Co Na’s portfolio.Catawba Capital Management Va boosted its stake in CB in the latest quarter, The investment management firm added 3,360 additional shares and now holds a total of 25,043 shares of Chubb Ltd which is valued at $3,116,100. Chubb Ltd makes up approx 0.75% of Catawba Capital Management Va’s portfolio.

Chubb Ltd closed down -1.14 points or -0.91% at $123.74 with 13,89,571 shares getting traded on Tuesday. Post opening the session at $124.47, the shares hit an intraday low of $123.35 and an intraday high of $124.74 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.

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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