Is ​Chubb Limited (CB) One of the Best Forever Stocks To Invest in Now?

​Chubb Limited (NYSE:CB) is one of the Best Forever Stocks to Invest In Now. On October 9, Jimmy Bhullar from J.P. Morgan raised the firm’s price target on Chubb Limited (NYSE:CB) from $321 to $327, while keeping a Neutral rating on the stock.

​The analyst noted that the price target upgrade comes as part of the firm’s review of the property and casualty insurance group in Q3. J.P. Morgan believes that margins for the insurers and growth for brokers have peaked; as a result, they are expected to moderate moving forward. Bhullar noted that despite this, the fundamentals of the sector remain healthy, but the sentiment is downbeat after the stock’s recent underperformance. The firm believes that the sector is positioned to outperform.

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

While we acknowledge the potential of CB to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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