Citizens Reiterates a Market Perform Rating on Chubb Limited (CB), Keeps the PT

Chubb Limited (NYSE:CB) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On October 22, Citizens reiterated Chubb Limited (NYSE:CB) with a Market Perform rating and a $325 price target.

​The rating comes after the company released its fiscal third-quarter earnings on October 21. While the EPS of $7.49 topped the estimates by $1.33, the revenue of $12.93 billion fell short of the consensus by $38.81 million.

​The analyst noted that Chubb Limited (NYSE:CB) topped Citizens’ estimates of $6.64. This performance was driven by a robust underlying P&C combined ratio of 82% which exceeded the expectation of 85%.

​In addition to Citizens, on October 22, Harry Fong from Roth MKM also reiterated a Buy rating on the stock with a price target of $330.

​Chubb Limited (NYSE:CB) is a Swiss company that provides international insurance and reinsurance services.

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Disclosure: None. This article is originally published at Insider Monkey.