Chubb Limited (NYSE:CB) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
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On October 14, Citizens has reaffirmed its Market Outperform rating on Chubb Limited and set a price target of $325. The firm maintained its optimistic view of the insurer, pointing to Chubb’s strong earnings per share growth as a major reason for its continued confidence.
Citizens also cited Chubb Limited’s robust balance sheet and described the company as having a “superb global franchise,” both of which reinforce its positive stance. The $325 price target reflects potential upside for the stock based on the company’s solid financial performance and strong market position.
Chubb Limited is also well-regarded by dividend investors, having raised its dividend for 32 consecutive years. The company offers a quarterly dividend of $0.97 per share and has a dividend yield of 1.45%, as of October 16.
Chubb Limited is a leading property and casualty insurer catering to high-end clients, providing coverage for luxury homes and specialized businesses. Unlike many insurers that focus on standard policies and cost-cutting, Chubb takes a more customized approach to serving its customers.
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