Chubb price target raised to $275 from $255 at RBC Capital

RBC Capital analyst Mark Dwelle raised the firm’s price target on Chubb to $275 from $255 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company continues to deliver impressive results with another strong showing to finish out the year, its rate increases are healthy, and its core underwriting margins remain at highly profitable levels, the analyst tells investors in a research note. The overall P&C market conditions also remain favorable, RBC added.