Chubb (CB) Gets Price Target Boost from Citi on Higher Earnings Estimates

Chubb Limited (NYSE:CB) is included among the 16 Best Dividend Stocks with Rising Payouts.

On February 9, Citi raised its price recommendation on Chubb Limited (NYSE:CB) to $385 from $335. It reiterated a Buy rating on the stock. The firm also increased its estimates, pointing to stable margin trends and savings tied to the company’s technology efforts. These higher estimates were the main reason behind the target increase.

Chubb Limited (NYSE:CB) reported higher fourth-quarter profit on February 4. The improvement came from stronger investment returns and lower catastrophe losses. Insurance spending has remained steady, even as businesses and individuals cut back in other areas. This reflects a growing need for protection against climate-related disasters and newer risks like cyber threats.

The company again reported a rise in fourth-quarter profit on Tuesday, supported by higher investment income and fewer catastrophe losses. Insurance demand has continued to hold up, as clients prioritize risk protection despite tighter budgets. Core operating income, net of tax, reached $2.98 billion, or $7.52 per share, in the three months ended December 31. This was up from $2.45 billion, or $6.02 per share, in the same period last year.

Chubb Limited (NYSE:CB) is based in Switzerland and operates as a holding company. Through its subsidiaries, it provides insurance and reinsurance products and services to customers across global markets.

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