Chubb Stock Jumps After Buffett’s Berkshire Takes a Stake

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.