Chubb Corporation (The) (CB) Shares are Up 0.12%

Chubb Corporation (The) (CB) has been under a strong bear grip, hence the stock is down -1.94% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.15% in the past 1 week. The stock has risen by 0.12% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.56% in the past 4 weeks.

Chubb Limited is up 0.58% in the last 3-month period. Year-to-Date the stock performance stands at 8.85%. The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 0.4%.


Chubb Corporation (The) (NYSE:CB): The stock opened at $126.81 on Friday but the bulls could not build on the opening and the stock topped out at $127.33 for the day. The stock traded down to $126.02 during the day, due to lack of any buying support eventually closed down at $126.48 with a loss of -0.61% for the day. The stock had closed at $127.26 on the previous day. The total traded volume was 1,126,434 shares.

Also, Major Brokerage house, Morgan Stanley maintains its ratings on Chubb Corporation (The) (NYSE:CB). In the latest research report, Morgan Stanley raises the target price from $136 per share to $140 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

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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