Analyst Price Target Update on Chubb Corporation (The) (NYSE:CB)

Chubb Corporation (The) (NYSE:CB): The mean short term price target for Chubb Corporation (The) (NYSE:CB) has been established at $130.39 per share. The higher price target estimate is at $140 and the lower price target estimate is expected at $112 according to 13 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $8.35

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Chubb Corporation (The) (NYSE:CB). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $116 per share from a prior target of $110. The rating by the firm was issued on May 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Bancroft Philip V, officer (Executive Vice President*) of Chubb Ltd, had unloaded 72,730 shares at an average price of $127.3 in a transaction dated on June 2, 2016. The total value of the transaction was worth $9,258,529.

Chubb Corporation (The) (NYSE:CB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.31 points or 1.04% at $124.49 with 1,224,620 shares getting traded. Post opening the session at $125.83, the shares hit an intraday low of $124.35 and an intraday high of $126.44 and the price was in this range throughout the day. The company has a market cap of $57,823 million and the number of outstanding shares have been calculated to be 464,478,490 shares. The 52-week high of Chubb Corporation (The) (NYSE:CB) is $128.14 and the 52-week low is $96.

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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