The Chubb Chairman John D. Finnegan Unloads 50,000 Shares (CB)
The Chubb (NYSE:CB) Chairman John D. Finnegan sold 50,000 shares of The Chubb stock on the open market in a transaction dated Monday, May 12th. The shares were sold at an average price of $93.27, for a total transaction of $4,663,500.00. Following the transaction, the chairman now directly owns 327,975 shares of the company’s stock, valued at approximately $30,590,228. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Chubb in a research note on Friday, April 25th. They now have a $96.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of The Chubb in a research note on Friday, April 25th. They now have a $92.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of The Chubb in a research note on Tuesday, April 15th. They now have a $82.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $93.09.
Shares of The Chubb (NYSE:CB) traded up 0.26% on Tuesday, hitting $93.71. 262,737 shares of the company’s stock traded hands. The Chubb has a one year low of $81.68 and a one year high of $97.79. The stock has a 50-day moving average of $90.2 and a 200-day moving average of $90.54. The company has a market cap of $22.912 billion and a price-to-earnings ratio of 11.18.
The Chubb (NYSE:CB) last announced its earnings results on Thursday, April 24th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by $0.06. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that The Chubb will post $7.35 EPS for the current fiscal year.
The Chubb Corporation (NYSE:CB) is a holding company for several, separately organized, property and casualty insurance companies referred to informally as the Chubb Group of Insurance Companies (the P&C Group).
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