Selling Buzz: Chubb Limited [CB] Director Shasta Theodore sells 812 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chubb Limited shares valued at $169,854 were sold by Shasta Theodore on May 27. At $209.18 per share, Shasta Theodore sold 812 shares. The insider’s holdings dropped to 15,488 shares worth approximately $2.87 million following the completion of this transaction.

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Also, Keogh John W sold 64,565 shares, netting a total of over 13,454,517 in proceeds. Following the sale of shares at $208.39 each, the insider now holds 230,236 shares.

Before that, GREENBERG EVAN G had sold 14,400 shares from its account. In a trade valued at $3,001,452, the Chairman & CEO traded Chubb Limited shares for $208.43 each. Upon closing the transaction, the insider’s holdings decreased to 14,400 shares, worth approximately $2.98 million.

As published in their initiating research note from Citigroup on May 24, 2022, Chubb Limited [CB] has been a Neutral and the price target has been revised to $209. This represents a 11.44% premium over Thursday’s closing price. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of November 19, 2021, Jefferies has initiated its “Buy” rating for CB.

Analyzing CB’s Price Performance

On Thursday, Chubb Limited [NYSE: CB] plunged -0.33% to $185.09. The stock’s lowest price that day was $184.57, but it reached a high of $187.345 in the same session. During the last five days, there has been a drop of approximately -0.16%. Over the course of the year, Chubb Limited shares have dropped approximately -4.25%. Shares of the company reached a 52-week high of $218.99 on 03/29/22 and a 52-week low of $180.50 on 07/18/22. A 50-day SMA is recorded $194.85, while a 200-day SMA reached $198.77. Nevertheless, trading volume fell to 1.34 million shares from 82610.0 shares the previous day.

Support And Resistance Levels for Chubb Limited (CB)

According to the 24-hour chart, there is a support level at 183.99, which, if violated, would cause prices to drop to 182.89. In the upper region, resistance lies at 186.77. The next price resistance is at 188.44. RSI (Relative Strength Index) is 42.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 63.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Chubb Limited subject to short interest?

Stocks of Chubb Limited saw a sharp steep in short interest on Jul 14, 2022 dropping by 100000.0 shares to 2.33 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.43 million shares. A decline of -4.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.18 of the overall float, the days-to-cover ratio (short ratio) decline to 1.18.

Which companies own the most shares of Chubb Limited (CB)?

According to The Vanguard Group, Inc. filings, the company currently owns 34,368,997 shares, which is about 8.11% of the total CB shares outstanding. The investor’s shares have appreciated by 611,682 from its previous 13-F filing of 33757315.0 shares. With the completion of the sale transaction, Wellington Management Co. LLP’s stake is now worth $5,332,735,941. T. Rowe Price Associates, Inc. acquire a 9.33% interest valued at $4.85 billion while SSgA Funds Management, Inc. sold a -202,249 stake. A total of -748,200 shares of Chubb Limited were sold by Capital Research & Management Co during the quarter, and 206,880 were bought by BlackRock Fund Advisors. In its current portfolio, Massachusetts Financial Services holds 13,821,546 shares valued at $2.72 billion.

In terms of Chubb Limited share price expectations, FactSet research, analysts set an average price target of $230.26 in the next 12 months, up nearly 23.86% from the previous closing price of $185.70. Analysts anticipate Chubb Limited stock to reach $260.00 by 2022, with the lowest price target being $165.00. In spite of this, 24 analysts ranked Chubb Limited stock as an Overweight at the end of 2022. On August 17, 2021, Wolfe Research assigned a price target of “an Outperform” to the stock and initiated coverage with a $231.


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