Jefferies analyst Yaron Kinar maintains $Chubb Ltd (CB.US)$ with a hold rating, and adjusts the target price from $256 to $295.
According to TipRanks data, the analyst has a success rate of 66.5% and a total average return of 9.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Chubb Ltd (CB.US)$'s main analysts recently are as follows:
The fundamental outlook for the property and casualty sector is viewed positively heading into the third-quarter reports. However, high expectations, positive market sentiment, and valuations moderate the perspective on the stocks. The sector's continued robust pricing and defensive risk profile stand out as key advantages. Nevertheless, the anticipated margins for underwriters and sales growth for brokers are seen as optimistic.
The third quarter results, especially for reinsurers, could be influenced by the recent Hurricane Milton. There is a positive outlook on the Personal Lines sector due to improving margins and an increase in the number of policies. For the third quarter, catastrophe losses are anticipated to be below the five-year seasonal average yet notably higher than those in the same quarter of the previous year, which may pose challenges for primary insurers.
Note:
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