FMP
May 16, 2024 8:22 PM - Davit Kirakosyan(Last modified: May 17, 2024 2:15 AM)
Warren Buffett's Berkshire Hathaway (NYSE:BRK-B) disclosed on Wednesday that it had acquired a $6.72 billion stake in Chubb (NYSE:CB), propelling the insurer's shares to a 52-week high intra-day today. The filing revealed that as of March 31, Berkshire owned 25.9 million shares in Chubb.
Berkshire began purchasing Chubb shares in the third quarter of 2023 and had received SEC permission to temporarily keep the acquisition confidential. Similar permissions were granted for Berkshire’s investments in Chevron, Exxon Mobil, IBM, and Verizon.
Chubb reported strong earnings in the first quarter of 2024, with gross premiums exceeding $14 billion and net income rising to $5.23 billion from $4.54 billion the previous year.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...