CB - Warren Buffett's Berkshire Buys Up Chubb As Insurance Market Faces 'Trouble': A Bold Contrarian Bet? | Benzinga
Warren Buffett‘s investment moves are always closely watched, and his recent reveal of Berkshire Hathaway Inc‘s (NYSE:BRK) (NYSE:BRK) acquisition of nearly 26 million shares of Chubb Ltd (NYSE:CB), has sparked interest and speculation in the market.
Chubb Stock Soaring On Warren Buffett Investment
The news sent Chubb stock soaring over 8% during the premarket session on Thursday. The stake, worth $6.7 billion, has made Chubb Berkshire’s ninth-largest holding as of the end of March.
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