Shares of UnitedHealth Group (NYSE: UNH) staged a sharp rebound on Friday, just days after two members of Congress disclosed timely purchases in the struggling health insurer.
Shares of some of UnitedHealth's peers got a bump in the wake of Berkshire's investment in the healthcare giant, and they all look cheaper based on price relative to expected earnings.
Berkshire Hathaway's $1.6 billion stake in UnitedHealth Group is helping to lift the Dow Jones Industrial Average to a new record as investors pile into healthcare sector funds.
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U.S. stocks logged weekly gains, the major indexes finishing Friday with mixed results heading into the weekend, as the Michigan Consumer Sentiment Index showed declining confidence in the state of the economy for the first time in four months.
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Berkshire Hathaway's $1.6 billion stake in UnitedHealth Group is helping to lift the Dow Jones Industrial Average to a new record as investors pile into healthcare sector funds.
The long-running mystery around Warren Buffett's latest stealth investment is finally over. In Berkshire Hathaway's NYSE: BRK.B newest 13F filing, the Oracle of Omaha revealed a fresh stake in UnitedHealth Group Incorporated NYSE: UNH.
Shares in the troubled private health insurer UnitedHealth Group (NYSE: UNH) are currently seeing their best trading day in months. As of the time of this writing, UNH shares are up nearly 11.8% to $303.94 in premarket trading.
Berkshire Hathaway's $1B+ investment in UnitedHealth signals confidence in the company despite recent share price declines and profitability headwinds. UnitedHealth's Q2 revenue grew 13%, but profit margins fell due to rising costs, leading to a significant drop in net profit year-over-year. Analysts expect UNH's profitability to rebound in coming years, with potential for 50-80% share price gains by 2028 if margins recover.
UnitedHealth Group (UNH) shares surged Friday after Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) revealed a stake in the embattled healthcare giant.
U.S. equities were mixed at midday as a report on retail sales showed consumers are continuing to spend. The Dow Jones Industrial Average was up slightly, while the S&P 500 and Nasdaq fell.