BMO Capital Raises Chubb Target to $326, Cites Reserve Releases and Investment Income
BMO Capital raised its price target on Chubb to $326 from $286, maintaining Market Perform and citing reserve releases and investment income. The insurer produced $14.7 billion of free cash flow over the past year and $6.5 billion in Q4 2025 net investment income, underpinning 32 years of dividend increases.
1. Analyst Raises Price Target
On February 10, BMO Capital analyst Michael Zaremski increased his price objective on Chubb to $326 from $286, while maintaining a Market Perform rating.
2. Growth Drivers Identified
The analyst cited potential additional upside to earnings from reserve releases and strengthened investment income as key catalysts for future EPS growth.
3. Strong Cash Flow and Dividends
Chubb generated $14.7 billion in free cash flow over the past 12 months and reported $6.5 billion in net investment income in Q4 2025, supporting its 32-year streak of annual dividend increases.