Chubb Corporation (The) (CB): Price Target and June Short Interest Disclosure

Chubb Corporation (The) (CB) : 13 investment research analysts covering Chubb Corporation (The) (CB) have an average price target of $131.23 for the near short term. The highest target price given by the Brokerage Firm to the stock is $141 and the lowest target is $112 for the short term. Analysts expect the variance to be within $8.68 of the average price.

Chubb Corporation (The) (CB) encountered a rise of 18% or 846,334 shares in the short positions. The number escalated from 4,693,816 on June 15,2016 to 5,540,150 on June 30,2016. The final interest is 1.2% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 1,707,608 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Deutsche Bank maintains its ratings on Chubb Corporation (The) (NYSE:CB). In the latest research report, Deutsche Bank raises the target price from $110 per share to $116 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on May 12, 2016.

Chubb

Chubb Corporation (The) (NYSE:CB): stock turned positive on Thursday. Though the stock opened at $130.78, the bulls momentum made the stock top out at $130.94 level for the day. The stock recorded a low of $129.45 and closed the trading day at $129.9, in the green by 0.31%. The total traded volume for the day was 1,938,478. The stock had closed at $129.5 in the previous days trading.

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.

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