Morgan Stanley raised its rating for St. Paul Cos. and XL Capital, identifying the two stocks as underpriced as the insurance market prospers with higher premium rates.
St. Paul was raised to “equal-weight” from “underweight.” XL Capital was raised to “overweight” from “equal-weight.” Chubb Corp. was downgraded to “under-weight” from “equal-weight,” because the stock has been deemed overvalued relative to its peers.
Was this article valuable?
Here are more articles you may enjoy.
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
Insurance M&A Down 27% in Q3 2026: OPTIS 
EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
