5 Best Insurance Dividend Stocks To Buy Now

1. Chubb Limited (NYSE:CB)

Number of Hedge Fund Holders: 45
Dividend Yield as of April 5: 1.70%

Chubb Limited (NYSE:CB) tops our list of the best dividend stocks from the insurance sector. The company has operations in over 54 countries. It has been raising its dividends consistently for the past 29 years while paying uninterrupted dividends for 121 years. The company pays a quarterly dividend of $0.83 per share and has a dividend yield of 1.70%, as of April 5.

At the end of Q4 2022, the number of hedge funds tracked by Insider Monkey owning stakes in Chubb Limited (NYSE:CB) grew to 45, from 41 in the previous quarter. The collective value of these stakes is over $2.18 billion.

Aristotle Capital Management mentioned Chubb Limited (NYSE:CB) in its Q1 2022 investor letter. Here is what the firm has to say:

“Our investment in Chubb began in the fourth quarter of 2015, shortly after ACE Limited announced it would acquire the Chubb Corporation, creating the largest global property and casualty insurance company by underwriting income. During our nearly seven-year holding period, the company’s combination progressed leading to the realization of main catalysts we had identified. These included cost savings, broadened product offerings and an expanded customer base, as well as enhanced distribution capabilities and improved pricing due to scale. In addition, Chubb successfully grew its profitable high-net-worth personal lines. While we still consider Chubb to be a high-quality business, few catalysts remain after what was, in our opinion, a remarkable run of successful business execution. As such, we decided to step aside in favor of what we believe to be a more optimal investment in Blackstone.”

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