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Assenagon Asset Management S.A. Sells 5,088 Shares of Hubbell Inc $HUBB
Assenagon Asset Management S.A. reduced its stake in Hubbell Inc (NYSE:HUBB) by 22.1% in Q4, selling 5,088 shares and concluding the quarter with 17,954 shares valued at $7.97 million. Despite significant insider selling totaling $17.41 million, including CEO Gerben Bakker’s sale of 25,233 shares, analysts maintain a “Moderate Buy” consensus with an average price target of $536. Hubbell also surpassed quarterly EPS expectations and issued strong FY2026 EPS guidance.