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Chubb stock price percentage increase by end of 2024
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Warren Buffett's Berkshire Hathaway Reveals $6.7 Billion Stake in Confidential Stock Chubb ($CB)
May 15, 2024, 08:15 PM
Warren Buffett's Berkshire Hathaway has disclosed a $6.7 billion stake in Chubb ($CB), an insurance company. This investment was previously kept confidential in regulatory filings, sparking months of speculation. The stake was revealed in Berkshire's latest 13F filing, showing the position as of the end of Q1. Buffett had asked the SEC to keep the stock's name and details confidential. The news has resulted in a 7% increase in Chubb's stock price. Buffett's increased exposure to the insurance sector underscores its importance to Berkshire's portfolio.
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