Chubb Corporation (The) (NYSE:CB) : The most positive equity analysts on Chubb Corporation (The) (NYSE:CB) expects the shares to touch $140, whereas, the least positive believes that the stock will trade at $112 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $130.39 with an expected fluctuation of $8.35 from the mean.
Other Equity analysts have also commented 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.
Chubb Corporation (The) (NYSE:CB): stock turned positive on Thursday. Though the stock opened at $126.94, the bulls momentum made the stock top out at $128.78 level for the day. The stock recorded a low of $126.4024 and closed the trading day at $128.64, in the green by 2.47%. The total traded volume for the day was 1,944,287. The stock had closed at $125.54 in the previous days trading.
The company shares have rallied 22.18% 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 $125.26 and the 200 Day Moving Average price is recorded at $118.50. 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.
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.