The post 2 insurance stocks to buy at a bargain amid LA fires sell-off appeared on BitcoinEthereumNews.com.

The insurance sector is reeling as related stocks plummeted following the negative impact of the devastating wildfires in Los Angeles. Notably, insurers with significant exposure to California homeowners are bracing for one of the largest claims events in history, with analysts estimating losses from the inferno could range between $10 billion and $20 billion, further pressuring the sector. Despite the stock sell-off, this downturn presents a potential opportunity for investors. Market turbulence has created the chance to acquire shares of fundamentally strong insurance companies at discounted prices. Below are two insurance stocks seemingly offering value amid the ongoing crisis. Chubb Limited (NYSE: CB) Chubb Limited (NYSE: CB), an insurance company focusing on high-net-worth individuals, has taken a hit due to its significant exposure to the Los Angeles market, an estimate backed by banking giant JPMorgan (NYSE: JPM).  Amid the sell-off from the fires, Chubb remains well-positioned to see future gains, thanks to its diversified portfolio that extends beyond the U.S., mitigating some of the regional risks. Specifically, the Zurich-headquartered firm operates in 54 countries, offering commercial and personal property and casualty insurance for entities of all sizes.  Chubb has also been actively expanding, as evidenced by two notable acquisitions during the second quarter of 2024: Healthy Paws, a U.S.-based pet insurance company, and Catalyst Aviation Insurance, a Melbourne-based managing general agent specializing in general aviation insurance. Chubb’s strong balance sheet and track record of consistent dividend payouts make it attractive for investors seeking growth and income. For the long term, a JPMorgan analyst raised Chubb’s stock price target to $296 from $294 on January 3, maintaining a ‘Neutral’ rating. The Wall Street firm expressed optimism about Chubb’s property and casualty sector for 2025. At the close of the most recent trading session, CB was valued at $254.50, ending the day…

---

Filed under: News - @ January 13, 2025 10:25 am