Warren Buffett’s Berkshire Hathaway Buys Over 5 Million Shares in UnitedHealth Group (UNH)

UnitedHealth Group Incorporated (NYSE:UNH) is one of the most buzzing stocks to invest in right now. CNBC reported on August 14 that Warren Buffett’s Berkshire Hathaway bought more than 5 million shares in UnitedHealth Group Incorporated (NYSE:UNH) last quarter, coming up to a stake worth around $1.6 billion.

Looking for Stability? UnitedHealth Group (UNH) Incorporated is a Timeless Buy and Hold Stock

A senior healthcare professional giving advice to a patient in a clinic.

UnitedHealth Group Incorporated’s (NYSE:UNH) shares soared after Buffett’s latest quarterly filing was revealed, marking a “surprising buy” due to the healthcare company’s present reputation.

According to VerityData, the stake purchase positions it as the 18th-biggest position in the Berkshire portfolio, standing behind Amazon and Constellation Brands.

UnitedHealth Group Incorporated (NYSE:UNH) provides healthcare coverage, data consultancy, and software services. It operates through the OptumRx, OptumInsight, OptumHealth, and UnitedHealthCare segments.

While we acknowledge the potential of UNH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UNH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.