5 Undervalued Dividend Aristocrats To Buy Now

3. Chubb Limited (NYSE:CB)

P/E Ratio as of January 12: 15.65

Chubb Limited (NYSE:CB) is one of America’s largest commercial insurers that has operations in over 54 countries and territories. In January, Piper Sandler raised its price target on the stock to $230 with an Overweight rating on the shares. The firm presented a positive stance on the insurance sector this year.

Chubb Limited (NYSE:CB) has been raising its dividends consistently for the past 29 years, which makes it popular among investors. It currently pays a quarterly dividend of $0.83 per share and has a dividend yield of 1.47%, as recorded on January 12. The stock has a price-to-earnings ratio of 15.65, as of January 12.

As of the close of Q3 2022, 41 hedge funds tracked by Insider Monkey owned stakes in Chubb Limited (NYSE:CB), up from 35 in the previous quarter. These stakes are worth nearly $2 billion collectively. Among these hedge funds, Viking Global was the company’s leading stakeholder in Q3.

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.”