5 Best Property & Casualty Insurance Stocks to Buy

3. Chubb Limited (NYSE:CB)

Number of Hedge Fund Holders: 45

Chubb Limited (NYSE:CB) is a provider of insurance and reinsurance products within the property and casualty insurance industry.

An Overweight rating was reiterated on Chubb Limited (NYSE:CB) shares on April 27 by Tracy Benguigui, an analyst at Barclays.

Wall Street analysts have placed an average price target of $237.25 on Chubb Limited (NYSE:CB) shares, with a high forecast of $260. The shares were trading at $191.56 on May 25, giving the stock an upside potential of 23.87%. The company also beat analyst revenue estimates by $23.5 million with its revenue of $9.42 billion in the first quarter.

In total, 45 hedge funds held stakes in Chubb Limited (NYSE:CB) in the first quarter. Their total stake value was $1.9 billion.

Follow Chubb Corp (Old Insider Filings) (NYSE:CB)