BMO's Adjustment In Coverage Of AIG, Chubb Limited And The Insurance Sector

Loading...
Loading...

Analysts at BMO Capital Markets made several changes to their price targets and ratings of insurance companies.

Chubb Downgraded To Market Perform

Charles Sebaski of BMO Capital Markets downgraded shares of Chubb Ltd CB to Market Perform from Outperform with a price target raised to $136 from a previous $134.

Sebaski noted that shares of Chubb are trading above $130 per share and now is a "good time for investors to take their foot off the gas a little."

The analyst is still positive on the business and expects the company to generate long-term value creation. However, the 25 percent return in the company's stock over the past 52-weeks serves as a sign that investors should "wait for a better entry point."

Nevertheless, Chubb's stock should still be a core long-term holding for insurance investors and any dip in the stock should be considered a good entry point.

Loading...
Loading...

Related Link: Investors Looking At Chubb May Want To Wait For A Better Entry Point

Target Price And Rating Changes

Shares of American International Group Inc AIG were maintained with a Market perform rating with a price target lowered to $58 from a previous $60.

Shares of James River Group Holdings Ltd JRVR were maintained with an Outperform rating with a price target raised to $40 from a previous $38.

Shares of Hanover Insurance Group Inc THG were maintained with an Outperform rating with a price target raised to $99 from a previous $98.

Shares of Travelers Companies Inc TRV were maintained with a Market Perform rating with a price target raised to $120 from a previous $117.

Shares of Arthur J Gallagher & Co/b> AJG were maintained with an Outperform rating with a price target raised to $58 from a previous $52. Did you like this article? Could it have been improved? Please email feedback@benzinga.com to let us know!

Shares of Aon plc Class A Ordinary Shares (UK) AON were maintained with a Market Perform rating with a price target raised to $115 from a previous $107.

Shares of Brown & Brown, Inc. BRO were maintained with a Market Perform rating with a price target raised to $37 from a previous $34.

Shares of Marsh & McLennan Companies, Inc. MMC were maintained with a Market Perform rating with a price target raised to $73 from a previous $77.

Loading...
Loading...
date
▲▼
ticker
▲▼
name
▲▼
Price Target
▲▼
Upside/Downside
▲▼
Recommendation
▲▼
Firm
▲▼
Posted In: Analyst ColorDowngradesPrice TargetAnalyst RatingsBMO Capital MarketsCharles SebaskiInsuranceinsurance companiesinsurance stocks
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...