IAK - Looking For Superlative Returns? Investor Flags Potential 30% Gains In This Sector After Warren Buffett Turns Market Focus Toward These Stocks | Benzinga
After Warren Buffett-run Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) revealed insurer Chubb Limited (NYSE:CB) as its mystery stock, an investment advisor said on Thursday the next rotation could be into the insurance sector.
Buffett’s Bet: Berkshire’s 13F filed late Wednesday showed that the firm accumulated 25.92 million shares of the property and casualty insurer at a valuation of $6.72 billion. This gives Berkshire a 6.4% stake in the insurer (based on 406 million in outstanding shares). The stock rallied over 8% over two sessions following the disclosure.
“Warren is back to his second love (insurance),” said Lumida Wealth founder Ram Ahluwalia in a post on X, formerly Twitter.
The investment advisor noted that Buffett was ...