{"id":88248,"date":"2024-05-16T00:28:26","date_gmt":"2024-05-16T04:28:26","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88248"},"modified":"2024-05-15T23:50:37","modified_gmt":"2024-05-16T03:50:37","slug":"berkshire-hathaway-has-bought-26-million-shares-of-zurich-based-chubb-for-a-stake-worth-6-7-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/berkshire-hathaway-has-bought-26-million-shares-of-zurich-based-chubb-for-a-stake-worth-6-7-billion.html","title":{"rendered":"Berkshire Hathaway has bought 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion."},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/warren-buffett\/\">Warren Buffett<\/a>\u00a0finally revealed his secret stock pick in a new regulatory filing, and it\u2019s insurer\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/CB\/\">Chubb<\/a>. His conglomerate\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/BRK.A\/\">Berkshire Hathaway<\/a>\u00a0has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. The property and casualty insurer became Berkshire\u2019s ninth biggest holding at the end of March. Shares of Chubb jumped nearly 7% in extended trading following the news of Berkshire\u2019s stake. The stock has gained about 12% year to date.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/15\/warren-buffetts-berkshire-hathaway-reveals-insurer-chubb-as-confidential-stock-its-been-buying.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Warren Buffett\u00a0finally revealed his secret stock pick in a new regulatory filing, and it\u2019s insurer\u00a0Chubb. His conglomerate\u00a0Berkshire Hathaway\u00a0has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. The property and casualty insurer became Berkshire\u2019s [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88248","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88248"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88248\/revisions"}],"predecessor-version":[{"id":88249,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88248\/revisions\/88249"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}