Buffett, Berkshire and UnitedHealth
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The investment comes as UnitedHealth faces soaring medical costs, federal investigations, the fallout of the killing of a top executive and a cyberattack last year.
The Oracle of Omaha just took a $1.6 billion stake in the battered healthcare giant, sending shares soaring 9% after hours.
TheStreet. Warren Buffett is arguably the most successful investor of all time. He's amassed an amazingly massive net worth by buying and usually holding stocks for the long haul. Trained under legendary value fund investor Benjamin Graham,
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Warren Buffett places new bets on UnitedHealth and a major homebuilder, sending their stocks soaring
Warren Buffett’s Berkshire Hathaway Inc. took new positions in UnitedHealthcare Group Inc. and homebuilder D. R. Horton Inc., and went deeper into other homebuilding and home-related companies, according to a filing late Thursday.
Buffett owned UnitedHealth shares before selling his stake in 2010, though his Berkshire Hathaway recently acquired shares.
B stake in UnitedHealth Group Incorporated signals a market shift. Click for why I have now upgraded UNH stock to Buy.
Warren Buffett's Berkshire Hathaway built a $1.6 billion stake in UnitedHealth last quarter, marking one of its last wagers with the investor as CEO.