Berkshire owned 5.04 million shares of United Group worth about 1570 million dollars to June 30, according to the document presented to the United States Stock Exchange and Securities Commission. An investment that occurs at a bitter moment for the company, which has been affected by the increase in health costs, an investigation of the US Department of Justice. Uu. On its billing practices, a cyber attack and the murder of the former high executive Brian Thompson in December.
«Although Unitedhealth continues to face high uncertainty, it is positive to see that this recognized investment company also believes that the market is discounting too long -term hypotheses, which coincides with our opinion,» says Morningstar analyst Julie Utterback.
At the end of this Thursday, The action remains the worst performance in the index Dow Jones so far this year, with a fall of almost 46%.
Last month, the company predicted gains adjusted per share of at least $ 16 for the whole year, well below the estimates already reduced by analysts, while the benefits of the second quarter also did not meet the expectations of Wall Street.
In May, Executive Director Andrew Witt suddenly resigned in the midst of growing operational and financial pressures, and Stephen Hemsley, who had led the company between 2006 and 2017, assumed the position.