Insider at Chubb (CB) Makes Significant Sale of Stock

Monday, October 23, 2017 10:15 PM ET

Insider at Chubb (CB) Makes Significant Sale of Stock

There was a substantial sale of shares of Chubb by an insider today, as indicated in a form 4 document filed with the SEC. One insider — John J Lupica, Officer — disposed of 16,674 shares in the company having a market value of approximately $2,534,781. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 5,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 21,674 shares and have averaged 10,837 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Chubb is above its 22-company peer group average. The Multiline Insurance & Brokers peer group saw 2 buy/sell trades during this period for an average of 0.1 transactions per company. However, the number of shares traded per transaction by Chubb insiders is lower than its peers. Within the peer group there were 26,000 shares purchased and 0 shares sold with company insiders having bought 13,000 shares on average over this time period.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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