Citigroup Reiterates Buy Rating, $81 PT for ACE Limited

In a company update published earlier today, Citigroup Inc. reiterated its Buy rating and $81.00 price target for ACE Limited

. Citigroup went on to say “ACE's ability to deploy excess capital, and mix of business (which includes A&H lines) will allow the company to earn ROEs above peers through the cycle. With ACE trading at just under BV, we believe shares are attractively valued. Reiterate Buy.” ACE Limited closed yesterday at $72.09.