5 Blue Chip Stocks To Buy Now According To Billionaire Andreas Halvorsen

3. Chubb Limited (NYSE:CB)

Viking Global Investor’s Stake Value: $741,937,000

Percentage of Viking Global Investor’s Portfolio: 3.39%

Number of hedge fund holders: 35

Third on our list of 5 and 10 Blue Chip Stocks To Buy Now According To Billionaire Andreas Halvorsen is insurer Chubb Limited (NYSE:CB). With operations in 54 countries and territories, Chubb Limited (NYSE:CB) is the world’s largest publicly traded P&C insurance company and a blue chip in the financial sector. During Q2 2022, Viking Global increased its stake in the company by 18% to roughly $741 million, which represented 3.39% of its 13F portfolio.

For Q2 2022, Chubb Limited (NYSE:CB) reported revenue of $9.37 billion, a decrease of 8.96% YoY, and a normalized EPS of $4.20, beating the market consensus estimate by $0.57.

Chairman and CEO of Chubb Limited (NYSE:CB) Evan G. Greenberg commented:

“We had an outstanding quarter that reflects the strong momentum in our company: record operating earnings, underwriting and investment results, and double-digit premium revenue growth in constant dollars. Core operating income per share was $4.20, up 16%; P&C underwriting income topped $1.4 billion, up over 21%, with a combined ratio of 84%; and adjusted net investment income was $950 million – all were records.”

At the end of Q2 2022, 35 hedge funds tracked by Insider Monkey owned stakes in Chubb Limited (NYSE:CB). Viking Global was the stock’s leading stakeholder in Q2.