Insider Selling: Mark P. Korsgaard Unloads 3,860 Shares of The Chubb Stock (CB)
The Chubb (NYSE:CB) EVP Mark P. Korsgaard sold 3,860 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $93.52, for a total value of $360,987.20. Following the completion of the transaction, the executive vice president now directly owns 9,038 shares of the company’s stock, valued at approximately $845,234. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of The Chubb (NYSE:CB) traded down 0.16% during mid-day trading on Wednesday, hitting $93.46. The stock had a trading volume of 281,159 shares. The Chubb has a one year low of $81.68 and a one year high of $97.79. The stock’s 50-day moving average is $90.30 and its 200-day moving average is $90.55. The company has a market cap of $22.851 billion and a price-to-earnings ratio of 11.19.
The Chubb (NYSE:CB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.50 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $2.14 earnings per share. The Chubb’s revenue was up .2% compared to the same quarter last year. Analysts expect that The Chubb will post $7.35 EPS for the current fiscal year.
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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $93.09.
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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