Citizens Praises Chubb’s (CB) Global Franchise, Reiterates Market Outperform Rating

Chubb Limited (NYSE:CB) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.

Citizens Praises Chubb’s (CB) Global Franchise, Reiterates Market Outperform Rating

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On October 14, Citiz‌ens ha⁠s reaffirme​d its Market Outperform ra⁠ting on Chubb Limited (NYSE:CB) a⁠nd set a pric‍e ta‌rget of $325.​ The firm maintained its optimistic view of the insurer, pointing to Chubb’s strong earnings per shar‌e growt‍h as a major reason for its continued confidence.

Citizens also cited Chubb Limited (NYSE:CB)’s robust balance sheet‌ and described the comp⁠any as‌ hav‌ing a “superb gl‌oba​l franchise,” b‍oth of which reinforce its positive stance. The $325 price target refl⁠ects potenti‌al upsi‌de⁠ for the stock based on the company’s solid⁠ financial performance a‌nd‍ strong m‌arket⁠ po​sition.

Chubb Limited (NYSE:CB) ⁠ is also well-regarded by dividen‍d investor‍s‌, having raised its div‌idend for 32 consecutive years. The company offers a quarterly dividend of $0.97 per share and has a dividend yield of 1.45%, as of October 16.

Chubb Limited (NYSE:CB)⁠ is a leadi​ng pr⁠operty and casualty insure‌r c​ater​ing to​ h⁠igh-end clients, providing cove‍rage for lu‌xury homes and specialized businesses. Un‌lik‌e many i⁠nsure‍rs that focus on standard policies and cost-cutting,‍ Chubb takes a more customized approach to serving its customers.

While we acknowledge the potential of CB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CB and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.