Chubb Ltd (CB): Timothy Alan Boroughs , Executive Vice Chairman* of Chubb Ltd sold 14,470 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $124.75 per share for a total value of $1,805,241.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 29, 2016, John W Keogh (Executive Vice Chairman*) sold 15,852 shares at $119.36 per share price.On Mar 21, 2016, Paul Bennett Medini (Chief Accounting Officer) sold 3,633 shares at $121.31 per share price.Also, On Feb 10, 2016, Philip V Bancroft (Chief Financial Officer) sold 14,027 shares at $109.46 per share price.On Dec 17, 2015, Robert C Cox (EVP C&S Div. Federal) sold 6,093 shares at $131.42 per share price.
Chubb Ltd: On Tuesday, May 10, 2016 heightened volatility was witnessed in Chubb Ltd which led to swings in the share price. The shares opened for trading at $123.24 and hit $125.28 on the upside , eventually ending the session at $125.22, with a gain of 1.89% or 2.32 points. The heightened volatility saw the trading volume jump to 16,36,207 shares. The 52-week high of the share price is $125.28 and the company has a market cap of $57,810 M . The 52-week low of the share price is at $96.
Company has been under the radar of several Street Analysts.Chubb Ltd is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 128 from a previous price target of $120 .The Rating was issued on Apr 14, 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.