5 Best Financial Stocks to Buy Now

4. Berkshire Hathaway Inc. (NYSE: BRK-A)

Number of Hedge Fund Holders: 111  

Berkshire Hathaway Inc. (NYSE: BRK-A) is a Nebraska-based holding firm with stakes in several large businesses, including insurance. It is ranked fourth on our list of 15 best financial stocks to buy now. The company’s shares have returned 44% to investors over the past twelve months. The firm has a market cap of over $640 billion and posted more than $245 billion in revenue last year. The firm recently bought a $500 million stake in Brazilian financial services firm Nu Pagamentos SA. 

On May 3, Berkshire Hathaway Inc. (NYSE: BRK-A) chief Warren Buffett told news platform CNBC that Warren Buffett confirmed to CNBC that Greg Abel, the vice chair at the firm, would succeed him at the company, ending possible speculation around his business successor. 

At the end of the first quarter of 2021, 111 hedge funds in the database of Insider Monkey held stakes worth $19 billion in Berkshire Hathaway Inc. (NYSE: BRK-A), up from 110 in the preceding quarter worth $20 billion.

In its Q1 2021 investor letter, Vltava Fund, an asset management firm, highlighted a few stocks and Berkshire Hathaway Inc. (NYSE: BRK-A) was one of them. Here is what the fund said:

“Despite the considerable rise in stock markets over the past year, there are still many attractive opportunities. Human nature also is playing a bit into our hands. Investor crowds often chase popular stocks, hot IPOs, or mysterious SPACs and completely leave aside stocks they consider boring and not sexy enough. A typical example of this category is our long-term largest position in Berkshire Hathaway. Since we bought it for the first time, its price has nearly quadrupled and yet it remains just as undervalued today as it was at that time. Considering the current rate at which it is buying back its own shares and the amount of cash that Berkshire Hathaway has, my greatest wish as a shareholder is for the company’s share price to remain as low as possible for as long as possible.”