Buffett's Berkshire reveals over $6B investment in Chubb, sending shares higher
CBChubb(CB) foxbusiness.com·2024-05-16 08:20

Warren Buffett's Berkshire Hathaway revealed a new 6.72billioninvestmentininsurancefirmChubbinaregulatoryfilingonWednesday,whichpropelledthecompany′sstocktoanall−timehigh.Berkshireowned25.92millionsharesinChubbasofMarch31,accordingtoaregulatoryfilingthatdetailsBerkshire′sU.S.−listedholdingsasofthatdate.Chubb′sstock,whichedgedslightlylowerby0.136.72 billion investment in insurance firm Chubb in a regulatory filing on Wednesday, which propelled the company's stock to an all-time high. Berkshire owned 25.92 million shares in Chubb as of March 31, according to a regulatory filing that details Berkshire's U.S.-listed holdings as of that date. Chubb's stock, which edged slightly lower by 0.13% during the day's trading session, soared by more than 7.5% in after-hours trading to 271.96 a share as of We ...