Warren Buffett has revealed his “mystery stock” to be Chubb (NYSE: CB ), sending shares of the insurer higher. Buffett first purchased CB stock during the third quarter of 2023, although he requested confidential treatment of his position.
Warren Buffet's Berkshire Hathaway has revealed a US$6.7 billion stake in insurance giant Chubb Ltd (NYSE:CB). Having been buying into the New York-listed insurer since last year, Berkshire's 6.4% stake was unveiled in regulatory filings on Wednesday.
Warren Buffett has been buying Chubb stock since mid-2023, but only made that fact public on Wednesday. Investors who follow the billionaire investor are jumping on the Chubb train.
Warren Buffett and Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) were under great scrutiny going into the closing bell yesterday. That's because yesterday was also the deadline for the company to file its first-quarter 13F form.
Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) has taken a $6.7 billion stake in insurance company Chubb (NYSE: CB ). The news came in a 13F filing from chairman Warren Buffett's company.
Chubb Ltd (NYSE:CB) is 7.5% higher in premarket trading, after Warren Buffett's Berkshire Hathaway finally revealed the Swiss-based insurer as its "mystery stock.