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Barchart
Aditya Raghunath

UNBELIEVABLE: Should you follow warren buffett into this dividend stock | History Defined

Warren Buffett Chubb Insurance Berkshire Berkshire Hathaway CB

Warren Buffett recently unveiled his “secret” stock via a regulatory filing, and the company is none other than insurance giant Chubb (CB). Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) has purchased 26 million shares of Chubb for $6.7 billion, which means it is the investment company’s ninth-largest holding. Chubb is a Zurich-based property and casualty company valued at a market cap of $107 billion. 

Back in 2016, Chubb was acquired by Insurer Ace for $29.5 billion in a cash and stock deal. The combined entity adopted the Chubb name, and has returned close to 150% in the last eight years, after adjusting for dividends. 

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