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Warren Buffett's Berkshire Hathaway revealed its more than $6.7 billion investment in insurance company Chubb in a regulatory filing which sent the insurer's stock to a record high.
The disclosure sent Chubb's share price to a record high in after-hours trading, rising 6.3% to $268.96.
Insurer Chubb Ltd. was the mystery stock being accumulated by Berkshire Hathaway Inc. in recent quarters, according to a Wednesday regulatory filing by the conglomerate ran by billionaire Warren Buffe
The Omaha, Neb., company began building a secret stock position in the second half of 2023.
Berkshire Hathaway's stake in Chubb is now worth $6.6 billion.
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.
Conglomerate giant Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) – which covers a broad range of sectors from insurance to utilities – saw its shares grab the spotlight on Wednesday. Speculation
Buffett's holding company, Berkshire Hathaway, is betting billions of dollars on just two stocks. One is a well-known technology business, while the other might surprise you.
In life, whether looking for the best financial stocks to buy or the best way to get rich quickly, imitation can be the best form of flattery. Barron's published an article about bank-stock fund mana
Berkshire Hathaway's class A shares are trading below $625,000 and are off from their 52-week high of about $647,000 per share. The company is a unique amalgam that is unlike any other public company
Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. John Rogers, Ariel Investments founder, speaks with CNBC's Michael Santoli and Becky Quick
That stock likely is a financial stock based on disclosures in Berkshire Hathaway's regulatory filings

Berkshire Hathaway: Buy, Sell, or Hold?

02:04pm, Monday, 13'th May 2024
Berkshire Hathaway is a massive conglomerate. The company has a gigantic hoard of cash.
Berkshire Hathaway is the investment vehicle of Warren Buffett. The company's strategy is centered on his approach to investing, which includes sitting on cash when there's nothing attractive to buy.
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