Chubb Limited (NYSE:CB) ranks among the best undervalued European stocks to buy now. On February 4, Citizens reiterated its Market Outperform rating for Chubb Limited (NYSE:CB) with a $350 price target. The firm noted Chubb’s considerable presence in global markets as a significant bonus, predicting stronger long-term growth than rivals due to the company’s position in rising regions such as Asia and Latin America.
The firm also cited Chubb’s expanded ownership position in Huatai Insurance Group in China, which topped 85.5% back in March 2024, as an encouraging step for the insurer’s global growth plan.
Moreover, Citizens highlighted Chubb’s recent introduction of a fully digital life insurance service in cooperation with Nubank in Brazil as proof of the company’s focus on driving growth in emerging markets.
Chubb Limited (NYSE:CB) provides insurance and reinsurance products. The company has six segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.
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Disclosure: None. This article is originally published at Insider Monkey.
