Insider Selling: John Kennedy Sells 2,560 Shares of Chubb Corp. Stock (CB)
Chubb Corp. (NYSE:CB) SVP John Kennedy sold 2,560 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $89.29, for a total transaction of $228,582.40. Following the completion of the sale, the senior vice president now directly owns 24,913 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CB has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Chubb Corp. (NYSE:CB) in a research note to investors on Tuesday, August 27th. They now have a $101.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Chubb Corp. (NYSE:CB) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 5th. They now have a $83.00 price target on the stock, down previously from $94.00. Finally, analysts at UBS AG raised their price target on shares of Chubb Corp. (NYSE:CB) to $96.00 in a research note to investors on Friday, July 26th.
Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $92.86.
Shares of Chubb Corp. (NYSE:CB) traded up 1.10% on Wednesday, hitting $89.29. The stock had a trading volume of 1,073,498 shares. Chubb Corp. has a 1-year low of $73.22 and a 1-year high of $90.64. The stock has a 50-day moving average of $85.53 and a 200-day moving average of $86.66. The company has a market cap of $22.815 billion and a price-to-earnings ratio of 12.55.
Chubb Corp. (NYSE:CB) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.15. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company posted $1.37 earnings per share. On average, analysts predict that Chubb Corp. will post $7.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 8th. Stockholders of record on Friday, September 20th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, September 18th.
The Chubb Corporation (NYSE:CB) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).
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