Chubb price target raised to $279 from $276 at BofA

BofA analyst Joshua Shanker raised the firm’s price target on Chubb (CB) to $279 from $276 and keeps an Underperform rating on the shares. As in 2025, the pricing trends for most P&C insurance products do not appear positive, the analyst tells investors in a research note. While pricing for liability lines remains positive, it seems that loss costs are rising more steeply than prices, the analyst says, adding that personal auto rates are flattish, while some investors are expecting decline in response to high profitability. The firm added, however, that underwriter valuations hardly look expensive, even as fundamentals have tipped in the “wrong direction.”