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Kiplinger
Kiplinger
Business
Joey Solitro

Chubb Stock Jumps After Buffett's Berkshire Takes a Stake

Chubb insurance company logo on smartphone with stock chart in the background.

Chubb (CB) stock is trading comfortably higher Thursday on news Warren Buffett's Berkshire Hathaway (BRK.B) holding company built a new position in the insurance firm.

In the most recent Securities and Exchange Commission (SEC) Form 13-F filing that revealed all the stocks Buffett is buying and selling, released late Wednesday, Berkshire Hathaway disclosed that it bought 25.9 million CB shares. This was worth a market value of roughly $6.7 billion as of March 31, 2024, or a 6.1% stake in the company.

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