On Oct 10, major Wall Street analysts update their ratings for $Chubb Ltd (CB.US)$, with price targets ranging from $282 to $296.
J.P. Morgan analyst Jimmy Bhullar maintains with a hold rating, and adjusts the target price from $290 to $291.
BofA Securities analyst Joshua Shanker maintains with a sell rating, and adjusts the target price from $275 to $282.
UBS analyst Brian Meredith maintains with a hold rating, and adjusts the target price from $256 to $296.
Jefferies analyst Yaron Kinar maintains with a hold rating, and adjusts the target price from $256 to $295.
Furthermore, according to the comprehensive report, the opinions of $Chubb Ltd (CB.US)$'s main analysts recently are as follows:
The recent quarter was marked by a significant number of global catastrophe events, yet it is anticipated that the impact on Q3 catastrophe losses for property and casualty insurers will be manageable. Looking ahead to Q4, initial estimates have been made for potential losses from Hurricane Milton, although there is still uncertainty given the recent landfall of the storm. The adjustments in the sector are a reflection of the quarter's developments and changes in P/E multiples.
The sentiment for the property and casualty sector is positive as we head into the third-quarter reports. Although the prevailing bullish sentiment and current valuations somewhat moderate the optimism. The continuous robust pricing and the sector's resilient risk profile stand out as notable strengths. However, the anticipated margins for underwriters and the projected sales growth for brokers may be on the higher side of expectations.
According to an analyst, third-quarter results, especially for reinsurers, might be affected by the recent Hurricane Milton. The analyst has a positive outlook on the Personal segment, anticipating improvements in margins and the number of policies in force. For the third quarter, catastrophe losses are expected to be lower than the five-year seasonal average, yet still significantly higher than in the same quarter of the previous year, which could present a downside for primary insurers.
Here are the latest investment ratings and price targets for $Chubb Ltd (CB.US)$ from 4 analysts:
Note:
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