Woodley Farra Manion Portfolio Management INC Decreased Stake in Chubb Corporation (NYSE:CB) by $9.52 Million as Shares Rose


Woodley Farra Manion Portfolio Management Inc decreased its stake in Chubb Corporation (NYSE:CB) by 37.97% based on its latest 2016Q2 regulatory filing with the SEC. Woodley Farra Manion Portfolio Management Inc sold 80,031 shares as the company’s stock rose 4.77% with the market. The institutional investor held 130,746 shares of the property-casualty insurers company at the end of 2016Q2, valued at $15.58M, down from 210,777 at the end of the previous reported quarter. Woodley Farra Manion Portfolio Management Inc who had been investing in Chubb Corporation for a number of months, seems to be less bullish one the $59.62 billion market cap company. The stock is down 0.17% or $0.21 after the negative news, hitting $126.14 per share. About 1.18 million shares traded hands. Chubb Ltd (NYSE:CB) has risen 16.00% since February 8, 2016 and is uptrending. It has underperformed by 0.49% the S&P500.

Woodley Farra Manion Portfolio Management Inc, which manages about $607.27M and $604.05M US Long portfolio, upped its stake in Procter & Gamble Co (NYSE:PG) by 74,072 shares to 319,500 shares, valued at $26.30M in 2016Q2, according to the filing.

Woodley Farra Manion Portfolio Management Inc is a Indiana-based institutional investor with more than $607.27 million AUM in March, 2014. Taken from Woodley Farra Manion Portfolio Management latest Adv, the fund reported to have 8 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had more than 600 clients.

The institutional sentiment increased to 0.85 in Q2 2016. Its up 0.82, from 0.03 in 2016Q1. The ratio is positive, as 15 funds sold all CB shares owned while 5 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 1.47 million shares or 9.32% less from 1.62 million shares in 2016Q1.

Benedict Financial Advisors Inc holds 1.22% of its portfolio in CB for 15,930 shares. Covington Capital Management owns 79,576 shares or 0.96% of their US portfolio. Moreover, Hudson Valley Investment Advisors Inc Adv has 0.89% invested in the company for 21,256 shares. The Ohio-based Huntington National Bank has invested 0.4% in the stock. Budros Ruhlin & Roe Inc., a Ohio-based fund reported 7,953 shares.

Out of 11 analysts covering Chubb Corp (NYSE:CB), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Chubb Corp has been the topic of 14 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on May 12 with “Hold” rating.

Chubb Limited , formerly ACE Limited, is a holding company. The company has a market cap of $59.62 billion. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. It has a 20.3 P/E ratio. The Company’s divisions include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

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