#4 - Chubb Limited (NYSE:CB)
The next dividend aristocrat on our list, Chubb Limited (NYSE:CB), gives investors exposure to the insurance sector. This is another defensive sector that investors can count on to deliver consistent revenue and earnings no matter what happens in the broader economy. The fact is everybody needs insurance, and Chubb Limited is there to provide it.
As of this writing, CB stock has a price-to-earnings (P/E) ratio of about 10 which means it’s not overvalued and the stock is essentially flat through the mid-part of 2022. That’s no small feat when all of the major indexes are posting double digit losses.
Taking a look at the dividend, Chubb currently pays out $3.32 on an annual basis and has been increasing its dividend payout for 30 years. The dividend yield of 1.69% is not spectacular but is easily supported by the company’s current and anticipated earnings growth. Plus, the price of CB stock has grown 35% over the last five years. The combination of that growth with the dividend growth makes the total return of Chubb Limited attractive in a bear market.
About Chubb
Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.
Read More - Current Price
- $268.34
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $288.17 (7.4% Upside)
