UnitedHealth, Berkshire Hathaway and Buffett
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The company may be under criminal investigation for alleged irregularities in its Medicare business—but it’s been touched by the Warren Buffett effect. Shares in the troubled private health insurer UnitedHealth Group (NYSE: UNH) are currently seeing their best trading day in months.
Top political and market headlines this weekend include stock trades by lawmakers, Trump's tech export tax, and calls for Fed action after weak job data.
UnitedHealth Group completed its $3.3 billion purchase of Baton Rouge-based Amedisys Thursday morning, more than two years after plans to join the nation's two largest home health and hospice care companies were first announced.
The Dow Jones Industrial Average opened at its first all-time high of the year on Friday as shares of health care giant UnitedHealth Group soared.
Meanwhile, the healthcare giant pays an $8.84 annual dividend, yielding about 3.38%. UnitedHealth has raised its dividend for 15 consecutive years, including a 5.2% increase last quarter. You're collecting a sizable yield backed by roughly $30 billion in annual operating cash flow, giving you steady income while you wait for the recovery.
UNH's oversold status has been overly done, as the market digests the market-wide headwinds arising from regulatory changes and macro uncertainties.
Democratic Sens. Ron Wyden (Ore.) and Elizabeth Warren (Mass.) are launching an investigation into UnitedHealth Group (UHG) over its actions reportedly steering seniors away from hospital visits
A vote of confidence by Warren Buffett’s Berkshire Hathaway delivered the Dow laggard its best day since 2020.