Chubb Limited: Piper Sandler raises target price to $374 from $340

On July 15, 2026, Piper Sandler raised its price target for Chubb Limited (NYSE:CB) to $374 from $340, maintaining a Neutral rating on the shares. The adjustment reflects the firm’s ongoing assessment of the insurance sector, including recent stock performance and the evolving market environment. Piper Sandler noted that it has generally increased price targets for most insurance carriers while reducing them for some insurance brokers, citing stronger-than-expected underwriting performance as a key factor in its decision.

Chubb Limited has also demonstrated a commitment to shareholder returns, having recently announced a 5.2% dividend increase to $4.08 per share annually, effective from its 2026 Annual General Meeting. Additionally, the company authorized new $7.5 billion share repurchase program, effective July 1, 2026. These actions underscore Chubb’s focus on delivering value to shareholders through both dividends and capital return initiatives.

Chubb Limited operates through six business segments, offering insurance and reinsurance products globally. Analysts continue to monitor the company’s performance, with Piper Sandler’s updated price target indicating a cautiously optimistic outlook for the insurer.