Analyst Rating Update on Chubb Corporation (The) (CB)

Chubb Corporation (The) (NYSE:CB) : Zacks Investment Research ranks Chubb Corporation (The) (NYSE:CB) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 4 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 1.72, which indicates as a Buy.

Chubb Corporation (The) (NYSE:CB) : The consensus price target for Chubb Corporation (The) (NYSE:CB) is $130.39 for the short term with a standard deviation of $8.35. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $140, however, the pessimist price target for the company is $112.

For the current week, the company shares have a recommendation consensus of Buy. Also, Deutsche Bank maintains their rating on the shares of Chubb Corporation (The) (NYSE:CB). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $116 per share from $110 per share. The rating by the firm was issued on May 12, 2016.

Chubb Corporation (The) (NYSE:CB): stock turned positive on Tuesday. Though the stock opened at $122.89, the bulls momentum made the stock top out at $125.22 level for the day. The stock recorded a low of $122.04 and closed the trading day at $125.22, in the green by 3.37%. The total traded volume for the day was 1,761,958. The stock had closed at $121.14 in the previous days trading.

In an insider trading activity,The officer (Executive Vice President*) of Chubb Ltd, Bancroft Philip V sold 72,730 shares at $127.3 on June 2, 2016. The Insider selling transaction had a total value worth of $9,258,529. The Insider information was disclosed 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.

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