Keefe, Bruyette & Woods Cuts Chubb (CB) Price Target to $387

Keefe, Bruyette & Woods has reiterated its Outperform rating on Chubb Limited with a new price target of $387, a 8.74% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:59 PM EDT

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Keefe, Bruyette & Woods cut its price target on Chubb Limited ($CB) to $387 from $389 on October 12, 2026, and rates the stock "Outperform".

Since the rating, $CB is up 4.3% to date (from the $345.06 close on Oct 12, 2026).

CB Chubb Limited

$359.79 +17.10% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Keefe, Bruyette & Woods reiterated its Outperform rating on Chubb Limited, lowering its price target from $389 to $387.
Keefe, Bruyette & Woods's $387 price target implies 8.74% upside from Chubb Limited's ($CB) current $355.91 share price.
Chubb Limited is currently trading around $355.91, which is about 8% below the new price target set by the firm.
The company's next earnings report is scheduled for October 27, 2026, following a year-over-year revenue growth of 6.1%.

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Chubb Limited, trading under the ticker CB on the NYSE, received a reaffirmation of its Outperform rating from Keefe, Bruyette & Woods on October 12, 2026. The firm adjusted its price target for Chubb to $387 from a previous target of $389.

Other Institutional Activity in Chubb Limited

Berkshire Hathaway, Inc held steady with 34,249,183 shares, valued at about $12.3 billion. Blackrock Inc. increased its stake by 1,204,794 shares, bringing its total to 29,093,549 shares worth approximately $10.5 billion. Vanguard Capital Management LLC reduced its holdings by 79,073 shares, ending with 23,177,820 shares valued at about $8.3 billion. State Street Corporation added 21,717 shares, totaling 16,727,420 shares worth around $6.0 billion. Price (T. Rowe) Associates Inc. decreased its position by 448,545 shares, now holding 15,345,301 shares valued at about $5.5 billion.

Chubb Limited Stock Up 0.9%

As of October 16, 2026, Chubb's shares traded at $355.91, which is below the new price target of $387. This positions the stock about 8% lower than the target, indicating potential room for growth if the market responds positively.

12-month forecast

$CB price target

Chubb Limited daily closes and this analyst's $387 target. Not advice.

Recent Earnings

Chubb Limited reported trailing twelve-month revenue of approximately $61.9 billion and an EPS of $28.2. The company has shown a net margin of 18.1% and a return on equity (ROE) of 14.8%. Its next earnings announcement is scheduled for October 27, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B 75/100

Reported Apr 21, 2026

Forward outlook
6 analysts raised price targets.
EPS & revenue
EPS met estimates. Revenue beat estimates by 22.6%.
Profit surprise
Operating income met by 0 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
6 target raises.
Earnings quality
Gross margin up 24.6 points. Operating margin down 12.4 points. Positive free cash flow.

Earnings Call Summary

Chubb had an excellent first quarter with total net premiums of 14.8 billion dollars, up 10.7 percent year over year. Core operating earnings reached 2.7 billion dollars or 6.82 dollars per share, well above the prior year quarter which was hurt by California wildfires. The company delivered a P&C combined ratio of 84 percent and grew tangible book value per share by 21.5 percent. Management highlighted strong international retail growth of over 15 percent, North America personal lines growth of 8.3 percent, and challenging property pricing conditions in shared and layered business where they strategically reduced exposure. Evan Greenberg noted that soft property pricing in certain markets is being driven by excessive capital chasing finite business, particularly through volume-incentive MGAs and alternative capital seeking returns, creating what he called dumb pricing.

Guidance Management did not provide specific forward guidance for full year or next quarter. Evan Greenberg stated confidence in continuing strong growth in operating earnings, double-digit growth in earnings per share, and tangible book value growth. He noted the company remains confident despite global uncertainty, particularly from Middle East geopolitical tensions and their potential impact on inflation and supply chains.

Solid report. Results were generally better than expected, but the forward outlook did not materially change.

Insider Buying and Selling at Chubb Limited

Several insiders sold shares earlier this year. President John W. Keogh sold 23,000 shares on May 27, 2026, valued at about $7.4 million. Officer Juan Luis Ortega sold 3,886 shares on June 8, 2026, for approximately $1.25 million. General Counsel Joseph F. Wayland sold 8,502 shares on July 28, 2026, totaling about $3.1 million, while Director Michael P. Connors sold 5,500 shares on August 21, 2026, valued at around $1.9 million.

Analysts Set New Price Targets

On the same day as Keefe, Bruyette & Woods' call, Wells Fargo maintained its Equal-Weight rating with a target of $343, down from $356. Other firms like Mizuho and Cantor Fitzgerald also maintained Neutral ratings with targets of $336 and $333, respectively. The consensus target for Chubb, based on analyst opinions, is now $387, which indicates a positive outlook from Keefe, Bruyette & Woods in comparison to other Wall Street ratings.

About Chubb Limited

Chubb Limited is a leading provider of insurance and reinsurance products globally, operating in several segments including commercial and personal property and casualty insurance. The company is headquartered in Zurich, Switzerland, and employs around 45,000 people. This rating update from Keefe, Bruyette & Woods could reflect confidence in Chubb's ongoing performance amid a competitive insurance market.

Bottom Line

Investors will be watching Chubb Limited closely as it approaches its next earnings date on October 27, 2026. The recent reaffirmation of the Outperform rating by Keefe, Bruyette & Woods, alongside the adjustments from other analysts, highlights the mixed sentiment in the market. Monitor further updates from analysts and any shifts in institutional holdings for insights into Chubb's future performance.