UnitedHealth Group Inc. signage on the ground of the New York Stock Exchange on April 21, 2025.
Michael Nagle | Bloomberg | Getty Images
UnitedHealth Friday
Shares of UnitedHealth had been down almost 50% for 2025 by Thursday’s shut earlier than Buffett’s submitting. The largest personal well being insurer has develop into the face of public blowback on this nation in opposition to the rising prices of well being care. UnitedHealth is currently facing a Justice Department investigation into its Medicare billing practices.
In May, the corporate pulled its annual earnings outlook and CEO Andrew Witty stepped down. Last month, UnitedHealth gave a new 2025 outlook that was effectively in need of Wall Street estimates, hitting the inventory additional.
“The move by Berkshire represents a big vote of confidence in UNH and likely could provide a near-term trading floor for most of the MCO space and, given Berkshire’s investment track record, could serve as a near-term bottom and rallying point for other investors that the space is safe to invest in again,” George Hill, a health-care analyst at Deutsche Bank, stated in a observe to purchasers.