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Chubb Limited (NYSE:CB) is included among the Early Retirement Portfolio: Top 15 Stocks to Buy.
Photo by Annie Spratt on Unsplash
On April 14, BofA lowered the firm’s price recommendation on Chubb Limited (NYSE:CB) to $271 from $286. It reiterated an Underperform rating on the shares. The firm made the adjustment across its U.S. insurance coverage, reflecting Q4 events and changes in peer multiples.
On April 8, Barclays moved in the opposite direction, raising its price target on Chubb to $374 from $339 while maintaining an Equal Weight rating. The update came as part of its Q1 preview for the insurance group. The analyst said premium growth and broker organic growth “are likely to remain sluggish,” according to a research note. Barclays still expects solid margins and strong capital deployment to support reported book value growth in Q1.
Chubb Limited (NYSE:CB) is a Switzerland-based holding company. Through its subsidiaries, the company provides a range of insurance and reinsurance products and services to clients worldwide.
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