Chubb Corporation (The) (NYSE:CB) has tumbled 1.49% during the past week and has dropped 1.45% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.3%. Chubb Corporation (The) (NYSE:CB) has underperformed the index by 2.35% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Chubb Corporation (The) (NYSE:CB): The stock opened at $125.28 on Friday but the bulls could not build on the opening and the stock topped out at $125.28 for the day. The stock traded down to $123.72 during the day, due to lack of any buying support eventually closed down at $123.93 with a loss of -1.09% for the day. The stock had closed at $125.30 on the previous day. The total traded volume was 2,489,474 shares.
The company shares have rallied 16.90% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $128.14 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $124.46 and the 200 Day Moving Average price is recorded at $118.25.
On the companys insider trading activities, Bancroft Philip V, officer (Executive Vice President*) of Chubb Ltd, unloaded 72,730 shares at an average price of $127.3 on June 2, 2016. The total amount of the transaction was worth $9,258,529, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Chubb Corporation (The) (NYSE:CB). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $110 per share to $116 per share. The rating by the firm was issued on May 12, 2016. Currently the company Insiders own 0.43% of Chubb Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.85% . Institutional Investors own 87.96% of Chubb Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -2.85%.
The Chubb Corporation is a holding company with subsidiaries principally engaged in the property and casualty insurance business. The property and casualty insurance subsidiaries (the P&C Group) underwrite insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. The P&C Group operates through three business units: Chubb Personal Insurance, offers personal insurance products for homes and valuable articles (such as art and jewelry) for high net worth individuals; Chubb Commercial Insurance, offers multiple peril, primary liability, excess and umbrella liability, automobile, workers compensation and property and marine insurance, and Chubb Specialty Insurance, offers specialized professional liability products for privately held and publicly traded companies, financial institutions, professional firms, healthcare and not-for-profit organizations.