Berkshire Hathaway Boosts Chubb Stake Amid Mixed Performance
Berkshire Hathaway's $1.2 billion addition to its Chubb Limited position signals confidence in the insurer's fundamentals despite lagging market performance. The 15.9% stake increase comes as CB shares gained just 3.1% over 52 weeks versus the S&P 500's 22.3% rally.
Chubb's Q3 2025 earnings outperformed expectations with $7.49 adjusted EPS and record $2.26 billion underwriting income. This marks the fourth consecutive quarter of beating estimates, contrasting with institutional investors like UBS and Capital International reducing positions.
Wall Street maintains a 'Moderate Buy' rating with $309.83 price target, suggesting 4.6% upside potential. The divergence between Berkshire's bullish MOVE and broader institutional selling presents an intriguing market dynamic.
