Chubb Ramps Up Buybacks As Management Sees Stock Undervalued

Chubb Ltd. (NYSE:CB) announced third-quarter results that exceeded expectations on nearly all key metrics, citing stronger underwriting performance, lower catastrophe losses, and solid investment income.Citizens JMP Securities analysts, led by Matthew J. Carletti, reaffirmed their Market Outperform rating on Chubb with a $325 price forecast, citing the company’s upbeat earnings performance.Analysts said Chubb reported operating EPS of $7.49, well above both their estimate of $6.64 and the consensus of $6.15 ...