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Warren Buffett reveals secret $6.7B stake in insurer Chubb after slicing Apple
CBChubb(CB) nypost.com·2024-05-15 23:44

Warren Buffett's Berkshire Hathaway on Wednesday revealed a new, 6.72billionstakeintheinsurerChubb,confirmingmonthsofspeculationthatithadmadeabignewinvestment.Berkshireowned25.92millionChubbsharesasofMarch31,accordingtoaregulatoryfilingdetailingBerkshire′sUS−listedholdingsasofthatdate.ThedisclosuresentChubb′ssharepricetoarecordhighinafter−hourstrading,rising6.36.72 billion stake in the insurer Chubb, confirming months of speculation that it had made a big new investment. Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire's US-listed holdings as of that date. The disclosure sent Chubb's share price to a record high in after-hours trading, rising 6.3% to 268.96. Shares often rise when Berkshire reveals new holdings, reflecting what investo ...