Warren Buffett, UnitedHealth Group and Berkshire Hathaway
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Berkshire Hathaway’s $1 billion homebuilding investment indicates Warren Buffett’s confidence in a future U.S. housing market rebound.
NEW YORK] The Warren Buffett effect is proving true once again, spurring UnitedHealth Group’s reversal this month and giving the Dow Jones Industrial Average a push towards its first closing high since last year.
Warren Buffett's Berkshire Hathaway has acquired 5 million shares in UnitedHealth Group , a regulatory filing showed on Thursday, sending the health insurer's stock up 7% in extended trading.
The biggest immediate changes will be that different people will be in control of the company's stock portfolio, and Abel will have power over Berkshire's $344 billion cash hoard. However, portfolio managers Ted Weschler and Todd Combs have been managing more of Berkshire's investments as the years have progressed.
Warren Buffett’s Berkshire Hathaway revealed a position in embattled healthcare giant UnitedHealth Group while showing smaller stakes in longtime holdings Apple and Bank of America, according to a regulatory filing Thursday.
See Berkshire Hathaway Inc.'s strategy with a big new stake in UnitedHealth. Learn how it's hedging against recession and stagflation. Click for my BRK.A update.