Chubb Stock Jumps After Buffett's Berkshire Takes a Stake
Chubb stock is up on news Warren Buffett's holding company Berkshire Hathaway built a position in the insurance firm. Here's what you need to know.


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.
Berkshire Hathaway began buying Chubb shares in the third quarter of 2023 and received permission from regulators to keep the holding confidential until it was done building its stake, according to CNBC.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
At the end of Q1 2024, Chubb was the ninth largest position in the Berkshire Hathaway equity portfolio, with a 2.0% weight.
The property and casualty insurer fits well within the Berkshire wheelhouse. Not only is Berkshire the parent company of insurance firms GEICO and Alleghany, but there are several large-cap financial stocks included in the equity portfolio, such as Bank of America (BAC) and Aon (AON).
The news of Berkshire's position in Chubb comes just weeks after the holding company's annual meeting, where Buffett said it reduced its stake in Apple (AAPL) by 13%. Even after this reduction Apple is still Berkshire's largest position, representing about 40% of the portfolio at the end of Q1 2024.
Where does Chubb stand with analysts?
Analysts are positive on the insurance giant. According to S&P Global Market Intelligence, the consensus analyst target price for CB stock is $268.36, representing implied upside of more than 2% to current levels. Meanwhile, the consensus recommendation is Buy.
Independent research firm Argus Research is one of the more bullish outfits on Chubb stock with a Buy rating and a recently increased price target.
"A provider of property and casualty and health/life insurance, as well as reinsurance, Chubb benefits from a strong brand, an experienced management team, and a healthy balance sheet," Argus said in a May 10 report. "We are raising our target price to $280 from $270."
The $280 price target represents implied upside of about 7% to current levels.
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
The Shutdown Standoff Is Heading for Its Next Big Test
A key mid-October deadline could intensify the shutdown fight in Washington, and the fallout could soon hit workers and your wallet.
-
Should You Buy Gold as It Tops $4,000? Here's What the Experts Say
Rate cuts, a weak dollar and macro uncertainty have helped create a "perfect storm" for gold this year. Should investors add exposure or is it too late to buy?
-
Should You Buy Gold as It Tops $4,000? Here's What the Experts Say
Rate cuts, a weak dollar and macro uncertainty have helped create a "perfect storm" for gold this year. Should investors add exposure or is it too late to buy?
-
Preferred Bank Stocks: The Investment Retirees (and Others) May Be Missing Out On
Most large banks issue preferred stocks that pay out fixed dividends, often with higher yields than bonds. Should you make room for them in your portfolio?
-
Don't Let Your Equity Compensation Trip You Up: A Financial Expert's Guide
Stock options, RSUs and other executive perks can come with some serious strings attached. To avoid a nasty tax surprise, you need a plan.
-
Rally Fades on Mixed AI Revolution News: Stock Market Today
All three main U.S. equity indexes opened higher but closed lower as a seven-session winning streak for the S&P 500 came to an end.
-
The Spendthrift Trap: Here's One Way to Protect Your Legacy From an Irresponsible Heir
A spendthrift clause in an estate plan can protect an inheritance from a financially irresponsible child's debts and poor decisions.
-
Adapting to AI's Evolving Landscape: A Survival Guide for Businesses
Like it or not, AI is here to stay, and opting out could be disastrous for your organization. Instead, focus on what you can control and be flexible, as AI is still evolving.
-
S&P, Nasdaq Hit New Highs: Stock Market Today
A late-day rally wasn't enough to lift the Dow into the green as its six-session winning streak came to an end.
-
AMD Stock Surges on OpenAI Deal
Advanced Micro Devices could see tens of billions of dollars in new revenue from the ChatGPT maker as the AI infrastructure buildout accelerates.