Dan Neiman, Portfolio Manager at Neiman Funds Management LLC, invests in large-cap value stocks with dividend growth on a five- or 10-year basis, sometimes more. He says Chubb Corp (NYSE:CB) is a strong company on the insurance side, one that has raised its dividend on an annual basis for 18 years.
“Chubb is an interesting stock. It has actually done quite well year to date. It had a big raise, huge price increase back in July,” Nieman says.
“Chubb is an insurance company. It’s going to be there; its yield is lower now than it was when we first bought the stock back in 2011. It is a solid company, one of the strongest insurance companies from a fundamental standpoint that we’ve seen,” he adds.
Neiman says CB is not a stock that continues to hit screens when looking for fundamentals, but it has low debt and has shown strong performance recently, up over $130 a share.
“I’d put it as a stock not to add to a portfolio today, but definitely if it’s in your portfolio, then continue to hold it. Earnings continue to outpace. I just think it’s a strong company in the insurance side,” Neiman says.
Coach (COH) Maintains Quality, Has Dividend Yield and Trades Relatively Inexpensively
March 08, 2013
Enterprise Products Partners L.P. (NYSE:EPD) Maintains Strength Through Commodity Cycles
April 01, 2016
Synovus Financial Corp. (SNV) Disposes of Bad Loans, Maintains Exposure to Improving Southeastern Housing
January 14, 2013
