The Chubb Corporation (NYSE: CB) may not sound attractive, but many insiders are a believer in the stock. The firm repurchased some 5.9 million shares during the third quarter and said it would buyback up to 20 million shares over the next year while paying a dividend of 33 cents per share. This is a clear demonstration of financial strength and confidence in the company.

Several other notable hedge funds are also buyers of the stock. Dreman Value Management is well known for its 17% annualized returns and counts the stock among his holdings. Meanwhile, Dodge & Cox is another high profile owner that has posted an annualized return of over 14.5% over the past 10 years. Combined, this is good news for the Chubb Corporation.

During the third quarter, Chubb Corporation reported $264 million in net income compared to $738 million a year earlier. The losses in the third quarter will be about $400 million and come as a result of catastrophes like Hurricane Ike, which included Chubb’s shares in the Texas Windstorm Insurance Association. However, the S&P recently upgraded the stock to A+ while Best affirmed it at A++.

Overall, the Chubb Corporation may be an attractive way to get on the ground floor of this strong stock with other insiders and the company itself!