Chubb price target lowered to $285 from $295 at RBC Capital

RBC Capital lowered the firm’s price target on Chubb to $285 from $295 but keeps an Outperform rating on the shares. The company continues to deliver highly profitable underwriting results in what remains a fairly attractive environment, and the firm continues to expect Chubb to produce impressive core margins over the balance of 2024, the analyst tells investors in a research note. While Q1 buybacks were below the recent run rate, RBC expects the pace to pick up, the firm added.