Warren Buffett's Berkshire Hathaway Just Bought Into Beaten-Down UnitedHealth. Should Investors Follow Suit?

UnitedHealth Group (NYSE: UNH) has run into a very difficult stretch, with the stock price cut nearly in half over the past year. However, a few well-known investors scooped up shares of the stock in the second quarter, including Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).Buffett, through Berkshire, bought more than 5 million shares of the managed care company, worth an estimated $1.6 billion. Meanwhile, Michael Burry, who became famous in the book and movie The Big Short for his bet against subprime mortgages, bought 20,000 shares. Billionaire David Tepper also increased his stake in the name during the quarter. Let's see what these investors see in the struggling health insurance provider.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool