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Chubb (CB) closed at $292.20 in the latest trading session, marking a +1.63% move from the prior day.
Warren Buffett is the chairman and CEO of Berkshire Hathaway (NYSE:BRK-B), but is perhaps best known for being among the greatest investors of all time.
Warren Buffett knows the insurance industry extremely well. Some insurers underwrite more prudently than others.
Chubb had strong Q2 results despite spike in benefit payouts, and shows signs of future growth potential. Lackluster dividend yield under 2% but proven dividend growth and $0.91/share quarterly payout that appears sustainable. Chubb is slightly undervalued vs key peers.
Zacks.com users have recently been watching Chubb (CB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
ZURICH , Sept. 4, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced that Greg Giardiello is joining Chubb as Global Controller, effective today.
Through his holding company, Berkshire Hathaway, Buffett has been building a new multibillion-dollar position. This growing stake was kept secret due to a disclosure exemption granted by the SEC.
Chubb (CB) closed the most recent trading day at $286.70, moving +0.89% from the previous trading session.
Buffett is betting billions on one of the largest insurance companies in the world. This stock not only has a reasonable valuation but a record of success during bear markets.
Chubb stock is approaching a multi-year high stock price and valuation. Yet the fundamentals are sound, and its book value is depressed thanks to reducing shares outstanding.