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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: rnam ✧  😊 😞
Number: of 15058 
Subject: Barrons Makes Sense to buy Chubb outright
Date: 05/17/2024 9:28 AM
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Chubb, one of the largest and best-run P&C insurers in the world, could be a perfect fit for Berkshire, which has a huge P&C business, led by Geico, the No. 3 auto insurer, as well as large reinsurance operations and a growing primary P&C business.

Chubb fits that bill, now trading reasonably at about 12 times projected 2024 earnings. If Berkshire were to offer $325 a share, a premium of over 20%, that would be a $130 billion deal and value Chubb at 15 times earnings. Such a deal would be accretive to Berkshire’s earnings given that the company’s cash is now earning a 5%-plus yield in Treasury bills. A P/E of 15 equates to an earnings “yield” of about 7%.

https://www.msn.com/en-us/money/companies/what-if-...
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