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 insurance company logo on smartphone with stock chart in the background
(Image credit: Budrul Chukrut/SOPA Images/LightRocket via Getty Images)

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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Joey Solitro

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.