Citigroup Raises Chubb (CB) Price Target to $405
Key Points
- Citigroup maintained its Buy rating on Chubb Limited on October 22, 2026, while raising its price target to $405.00 from $395.00.
- Citigroup's $405 price target implies 11.88% upside from Chubb Limited's ($CB) current $361.99 share price.
- Chubb Limited recently traded near $361.99, sitting well above its 50-day and 200-day moving averages.
- Other major firms like Wells Fargo and Mizuho also updated their outlooks on the property and casualty insurer.
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On October 22, 2026, Citigroup maintained its Buy rating on Chubb Limited CB and increased its price target for the property and casualty insurer from $395.00 to $405.00. The update arrived through a research note issued by the firm on the same day. Chubb shares closed at $363.95 on October 22, 2026.
CB
Chubb Limited
Citigroup vs. the S&P 500
Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.
Citigroup's Call on Chubb
Citigroup's decision to lift its target reflects confidence in the insurer's ongoing business performance. Analyst ratings represent forward-looking opinions on a company's prospects.
Other Institutional Activity in Chubb
Large investment firms have adjusted their positions in Chubb ahead of recent market updates. Berkshire Hathaway, Inc held steady with 34,249,183 shares valued at about $12,464,990,570. Meanwhile, GQG Partners LLC grew its holdings by 54,642 shares, ending with 12,473,178 shares worth about $4,539,613,285, representing a 0.4% increase.
Chubb Limited Stock Up 1.6%
Chubb recently traded around $361.99 as of October 22, 2026, putting it about 0.5% below its event-day close of $363.95. The stock sits 6.2% above its 50-day moving average of $340.91 and 9.0% above its 200-day moving average of $331.96. Its shares trade roughly 1.1% below their 52-week high of $365.91 and 33.0% above their 52-week low of $272.20.
$CB price target
Chubb Limited daily closes and this analyst's $405 target. Not advice.
Recent Earnings
Chubb generated $61,895,999,488 in trailing-twelve-month revenue alongside earnings of $28.23 per share. The company reported a net profit margin of 18.1% and a return on equity of 14.8%. Its year-over-year revenue growth stood at 6.1%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 22.6%.
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Profit surprise
Operating income met by 0 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 24.6 points. Operating margin down 12.4 points. Positive free cash flow.
Earnings Call Summary
Chubb had an excellent first quarter with total net premiums of 14.8 billion dollars, up 10.7 percent year over year. Core operating earnings reached 2.7 billion dollars or 6.82 dollars per share, well above the prior year quarter which was hurt by California wildfires. The company delivered a P&C combined ratio of 84 percent and grew tangible book value per share by 21.5 percent. Management highlighted strong international retail growth of over 15 percent, North America personal lines growth of 8.3 percent, and challenging property pricing conditions in shared and layered business where they strategically reduced exposure. Evan Greenberg noted that soft property pricing in certain markets is being driven by excessive capital chasing finite business, particularly through volume-incentive MGAs and alternative capital seeking returns, creating what he called dumb pricing.
Guidance Management did not provide specific forward guidance for full year or next quarter. Evan Greenberg stated confidence in continuing strong growth in operating earnings, double-digit growth in earnings per share, and tangible book value growth. He noted the company remains confident despite global uncertainty, particularly from Middle East geopolitical tensions and their potential impact on inflation and supply chains.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
Chubb pays an annual dividend rate of $4.08 per share, which translates to a dividend yield of 1.14%. The company funds this payout with a dividend payout ratio of 13.9%.
Insider Buying and Selling at Chubb Limited
Company insiders completed several share sales prior to the latest analyst updates. President John W Keogh sold 23,000 shares on May 27, 2026, for a total value of $7,394,740. Officer Juan Luis Ortega sold 3,886 shares at $322.08 apiece on June 8, 2026, totaling $1,251,603. General Counsel Joseph F Wayland sold 8,502 shares at $364.54 each on July 28, 2026, worth $3,099,319. Finally, Director Michael P Connors sold 5,500 shares at $345.00 per share on August 21, 2026, for a total of $1,897,500.
Analysts Set New Price Targets
Wall Street firms updated their views on Chubb across October. On October 12, 2026, Wells Fargo maintained an Equal-Weight rating and lowered its target from $356.00 to $343.00. Cantor Fitzgerald reiterated a Neutral rating on October 21, 2026, keeping its target flat at $333.00. Alongside Citigroup's move on October 22, 2026, Wells Fargo raised its target from $343.00 to $366.00 while keeping an Equal-Weight rating, and Mizuho maintained a Neutral rating while lifting its target from $336.00 to $350.00. Across the broader analyst community, Chubb holds a consensus Buy recommendation with a mean price target of $367.43 based on 23 analyst opinions.
About Chubb
Headquartered in Zurich, Switzerland, Chubb operates as a global insurance and reinsurance provider. The firm handles commercial and personal property and casualty lines, agricultural insurance, life products, and global reinsurance through its worldwide operations.
Bottom Line
Investors will look toward upcoming earnings reports and future institutional filings to track how property and casualty insurance demand influences Chubb's valuation. Market participants should monitor whether the stock approaches Citigroup's new $405.00 price target.
Related Filing Alerts
Source: Citigroup's rating change on $CB (Oct 22, 2026). Written by software, not financial advice. How we make alerts