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NBC News
a minute ago
- NBC News
Warren Buffett's Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth
Warren Buffett's Berkshire Hathaway revealed a new stake in troubled insurer UnitedHealth last quarter, according to a regulatory filing, a surprising buy because of the company's current reputation, but perhaps not considering his history of bargain investing. The Omaha-based conglomerate bought more than 5 million shares in the health care firm for a stake worth about $1.6 billion at the end of June. The stake puts it as the 18th biggest position in the Berkshire portfolio behind Amazon and Constellation Brands, according to VerityData. Berkshire's equity portfolio is worth about $300 billion, so it is possible that Buffett's two investing lieutenants Todd Combs and Ted Weschler were more responsible for this purchase rather than the 'Oracle of Omaha' himself. Buffett said one of his investment managers was behind the Amazon investment in 2019. The insurer's stock shot up 6% in extended trading following Berkshire's disclosure. Shares of UnitedHealth were down nearly 50% for 2025 through Thursday's close before Buffett's filing. The largest private health insurer has become the face of a public blowback in 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 company pulled its annual earnings outlook and CEO Andrew Witty stepped down. Last month, UnitedHealth gave a new 2025 outlook that was well short of Wall Street estimates, hitting the stock further. Buffett, who's turning 95 this month, has been critical of the healthcare system in the U.S., calling it a 'tapeworm' on the economy due to its high costs. In 2018, he, along with Jeff Bezos and Jamie Dimon, launched a joint venture to improve healthcare for their employees and potentially for all Americans, but it was eventually shut down. UnitedHealth isn't the only stock Berkshire picked up recently. In fact, the conglomerate also took small stakes in steel manufacturer Nucor, outdoor advertising company Lamar Advertising and security firm Allegion. Berkshire also got back into homebuilders Lennar and DR Horton. Shares of Nucor jumped nearly 8% in afterhours trading, while Lennar and DR Horton popped about 3% each. Buffett also pared his positions in Bank of America and Apple. The Apple stake was cut by about 7%. Berkshire's largest positions as of the end of the second quarter were Apple, American Express, Bank of America, Coca-Cola and Chevron. The legendary investor is stepping down as Berkshire CEO at the end of the year, handing over the reins to Greg Abel. Buffett will stay on as chairman of the board. It's still unclear who will be in charge of Berkshire's gigantic equity portfolio, though Buffett has alluded that Abel will be making all capital allocation decisions at the conglomerate. UnitedHealth attracted other buyers last quarter, according to filings, including Michael Burry and Appaloosa Management's David Tepper. Shares of the insurer are trading at a price-earnings ratio of just under 12, near its lowest in more than a decade. There was speculation regarding a mystery stock Buffett was buying as Berkshire had asked for permission to keep certain holdings secret last quarter. It turns out the secret stock was a combination of multiple positions and likely the stakes added in DR Horton, Nucor and Lennar 'A' shares.
Yahoo
29 minutes ago
- Yahoo
MRO Recognized on the 2025 Inc. 5000 Annual List for Tenth Year
MRO continues its impressive track record of rapid growth while maintaining award-winning client satisfaction and product portfolio expansion NORRISTOWN, Pa., Aug. 15, 2025 /PRNewswire/ -- MRO, the leading clinical data exchange company in healthcare, announced today it made the Inc. 5000 annual list of fastest-growing private companies in America for the 10th year. The list provides a data-driven snapshot of the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. This year's Inc. 5000 honorees have demonstrated exceptional growth while navigating economic uncertainty, inflationary pressure, and a fluctuating labor market. "Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company's tenacity and clarity of vision," says Mike Hofman, editor-in-chief of Inc. "These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn't just weather the storm—they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy." "Earning a place on the Inc. 5000 list for the tenth time is a true honor for MRO," said Jason Brown, CEO of MRO. "This recognition reflects our continued growth, the expansion of our portfolio, and the exceptional value we provide to clients and partners. We're grateful for our team's dedication and achievements, which fuel our commitment to accelerating clinical data and driving the healthcare industry forward." For the full list, company profiles, and a searchable database by industry and location, visit: About Inc. Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit About MROMRO is accelerating the exchange of clinical data throughout the healthcare ecosystem on behalf of providers, payers and users of clinical data. By utilizing industry-leading solutions and incorporating the latest technology, MRO facilitates the efficient management and exchange of clinical data for all stakeholders. With a 23-year legacy, MRO brings a technology-driven mindset built upon a client-first service foundation and a relentless focus on client excellence. For more information on how MRO is empowering healthcare organizations of every type and scale with proven, enterprise-wide clinical data solutions, visit Media Contacts:Stephanie KindlickVice President, MarketingMROskindlick@ View original content to download multimedia: SOURCE MRO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
30 minutes ago
- Business Wire
American Integrity Insurance Group Surpasses 400,000 Policies In-force, Marking a Major Post-IPO Milestone
TAMPA, Fla.--(BUSINESS WIRE)--American Integrity Insurance Group, Inc. (NYSE: AII) ('American Integrity' or the 'Company'), a Tampa-based property and casualty insurance holding company and one of Florida's leading providers of residential property insurance, announced today that it has surpassed 400,000 policies in-force—a historic milestone for the Company and a powerful signal to the market. The achievement comes just weeks after the Company's successful initial public offering and listing on the New York Stock Exchange and underscores the Company's momentum, market trust, and long-term growth trajectory. 'This is more than a number—it's a statement,' said Bob Ritchie, Founder and Chief Executive Officer of American Integrity. 'Surpassing 400,000 policies reflects the grit, execution, and values-driven culture that have powered our journey from day one. It tells our customers, our distribution partners, and our investors that we're not just growing—we're building something enduring.' The milestone reinforces American Integrity's role as a market leader in Florida's challenging property insurance landscape. With strong underwriting discipline, deep reinsurance partnerships, and a focus on service excellence, the Company continues to scale responsibly and profitably. 'We've always believed our strength comes from something deeper than capital,' Ritchie added. 'It comes from integrity. That's the core of who we are—and it's resonating louder than ever.' About American Integrity Insurance Group, Inc. American Integrity Insurance Group, Inc. (NYSE: AII) is a leading provider of residential property insurance, focused on delivering innovative, reliable coverage to homeowners throughout Florida. Built on a foundation of integrity, resilience, and service, the Company's mission is to be the most trusted and responsive insurance solution in the markets it serves. Founded in 2006 and headquartered in Tampa, American Integrity is committed to protecting policyholders with strength and purpose—today and for generations to come.
