Large Inflow of Money Detected in Chubb Corporation (The)

Chubb Corporation (The) (CB) : Chubb Corporation (The) (CB) had a healthy money flow of $1.22 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $3.87 million, whereas, investors only sold shares worth $2.66 million on downticks. The stock closed the day with an up-down ratio of 1.46.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.1 million worth of transactions were on upticks. Chubb Corporation (The) (CB) stock slid $0.14 intraday and traded at 126.94, a change of -0.11% over previous days close. However, for the week, the company shares are 0.82% compared to previous weeks close.


Also, Equity Analysts at the Morgan Stanley maintains the rating on Chubb Corporation (The) (NYSE:CB). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $136 per share to $140 per share. The rating by the firm was issued on July 28, 2016.

Shares of Chubb Limited rose by 1.48% in the last five trading days and 1.57% for the last 4 weeks. Chubb Limited has dropped 0.07% during the last 3-month period . Year-to-Date the stock performance stands at 9.51%.

Chubb Corporation (The) (NYSE:CB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.14 and $126.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $127.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $127.24, notching a gain of 0.13% for the day. The total traded volume was 1,188,996 . The stock had closed at $127.08 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Chubb Ltd, Scully Robert W had purchased shares worth of $1,350,599 in a transaction dated on August 3, 2016. A total of 10,725 shares were purchased at a price of $125.93 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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