{"id":49305,"date":"2024-05-16T12:22:18","date_gmt":"2024-05-16T12:22:18","guid":{"rendered":"https:\/?p=49305"},"modified":"2024-05-16T12:22:18","modified_gmt":"2024-05-16T12:22:18","slug":"buffetts-berkshire-hathaway-adds-chubb-to-portfolio","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/buffetts-berkshire-hathaway-adds-chubb-to-portfolio\/","title":{"rendered":"Buffett’s Berkshire Hathaway Adds Chubb to Portfolio"},"content":{"rendered":"

Berkshire Hathaway, the investment company led by Warren Buffett, has recently revealed a stock holding that was previously undisclosed. According to a recent regulatory filing, there has been a notable investment in Chubb Ltd (CB: NYE<\/a><\/strong>)<\/span><\/p>\n

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Berkshire Accumulates $6.7 Billion Chubb Stake:\u00a0<\/strong><\/h2>\n

According to the filing, Berkshire Hathaway accumulated nearly 26 million shares of Chubb, representing a holding valued at roughly $6.7 billion as of March 31, 2024. This sizable investment positions Chubb as Berkshire’s ninth-largest holding.<\/span><\/p>\n

The news of Berkshire’s stake in Chubb sent the insurer’s stock price soaring in after-hours trading. Shares jumped nearly 7% following the revelation, adding to the year-to-date gain of approximately 12% for Chubb.<\/span><\/p>\n

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