Citi analyst Matthew Heimermann initiated coverage of Chubb with a Buy rating and $326 price target. The firm rolled out coverage in North America insurance, expecting pricing and reinvestment tailwinds to ease but for earnings to remain resilient. Citi sees more opportunities for upside in the shares of underwriters relative to brokers. Its top ideas include Arch Capital (ACGL), Aspen Insurance (AHL), Brown & Brown (BRO), Chubb (CB), Ryan Specialty (RYAN) and RenaissanceRe (RNR).

Chubb initiated with a Buy at Citi

Citi analyst Matthew Heimermann has initiated coverage of Chubb with a Buy rating and a $326 price target, highlighting potential upside in underwriters relative to brokers. The firm expects pricing and reinvestment tailwinds to support earnings resilience in North America's insurance sector.