UnitedHealth Group Inc. signage on the ground of the Latest York Stock Exchange on April 21, 2025.
Michael Nagle | Bloomberg | Getty Images
UnitedHealth Friday
Shares of UnitedHealth were down nearly 50% for 2025 through Thursday’s close before Buffett’s filing. The biggest private health insurer has turn out to be the face of public blowback on this country against the rising costs of health 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 brand new 2025 outlook that was well wanting Wall Street estimates, hitting the stock further.
“The move by Berkshire represents a giant vote of confidence in UNH and certain could provide a near-term trading floor for a lot of the MCO space and, given Berkshire’s investment track record, could function a near-term bottom and rallying point for other investors that the space is protected to take a position in again,” George Hill, a health-care analyst at Deutsche Bank, said in a note to clients.
