Chubb Ltd (CB) Files Form 4 Insider Selling : Philip V Bancroft Sells 72,730 Shares

Chubb Ltd (CB): Philip V Bancroft , Executive Vice President* of Chubb Ltd sold 72,730 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $127.30 per share for a total value of $9,258,529.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Evan G Greenberg (Chairman & CEO) sold 39,943 shares at $125.36 per share price.On May 12, 2016, Timothy Alan Boroughs (Executive Vice Chairman*) sold 14,470 shares at $124.75 per share price.Also, 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.

Shares of Chubb Ltd (CB) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.25 points or -0.20% at $127.56 with 11,88,777 shares getting traded. Post opening the session at $127.25, the shares hit an intraday low of $125.91 and an intraday high of $128 and the price vacillated in this range throughout the day. The company has a market cap of $59,249 M and the number of outstanding shares has been calculated to be 46,44,78,490 shares. The 52-week high of Chubb Ltd is $128.14 and the 52-week low is $96.

Chubb Ltd Money Flow Index Chart

On May 19, 2016, Chubb Ltd announced a cash dividend of $0.6900. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 21, 2016.

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.

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