Berkshire Hathaway

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Warren Buffett Puts Some of His $144 Billion to Work With Alleghany Deal


It was only three weeks ago that Berkshire Hathaway Chairman and CEO Warren Buffett wrote of the unpleasantness associated with having $144 billion in cash.
“They are also never permanent,” he said of having such a large cash pile. He’s putting at least some of that cash to work, agreeing to buy reinsurer Alleghany Corp. for $11.6 billion.
It’s the first multi-billion-dollar deal Buffett has reached since the 2020 acquisition of Dominion Energy’s gas transmission business and his largest since the nearly $35 billion acquisition of Precision Controls in 2016.
“Berkshire will be the perfect permanent home for Alleghany, a company that I have closely observed for 60 years,”Buffett said in a statement.
The deal, struck at a 29% premium to Alleghany’s average closing price over the last month, will put another family-held company in Berkshire Hathaway’s stable if successful. Alleghany does have a brief period of time to shop for a superior transaction.
Alleghany doesn’t appear to be a bargain. The companies said the deal is priced at 1.26 times book value. According to FactSet, other reinsurers trade on a median of 1.08 times book value.
With so much cash to burn, Buffett could afford to pay on the high side.

 

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Ma si possono acquistare le azioni BH?

Hanno un Isin?

Per essere uno strumento quotato sul NYSE da oltre quarant’anni… forse forse…
US0846707026

 

[percefal]

Qundi sarebbe un buon affare comprare una buona quantita' di BH ?
Diciamo un 100mila Euro in valore

Non offro consulenza, sorry.
Ognuno deve decidere con la propria testa, la propria propensione al rischio, la propria capacita' di risparmio.

 

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@jogewa1959 la prossima volta per favore avvisami, cosi' vendo tutto e poi rientro piu' basso

 

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Berkshire Hathaway has accumulated an 11.4% stake worth $4.2 billion in HP Inc. , the maker of personal computers and printers, according to regulatory filings late Wednesday.

The purchases of HP (ticker: HPQ) shares ramp up a recent buying spree by Berkshire Hathaway under CEO Warren Buffett. Berkshire (BRK.A and BRK.B) has amassed a nearly 15% stake in Occidental Petroleum (OXY) worth $7.6 billion and has a deal to buy the insurer Alleghany (Y) for $11.6 billion.

The Berkshire holdings in HP were disclosed in two regulatory filings. A Form 3 filing as of April 1 showed that Berkshire owned 10% of HP, some 109.8 million shares.
A second filing, a Form 4, showed that Berkshire held just under 121 million shares of HP as of Wednesday after buying about 11 million shares during the past three days at prices ranging in the range of $35 to $37. Once Berkshire went over a 10% stake in HP, as it did Friday, the company needs to report additional purchases within two business days.

HP shares closed Wednesday at $34.91, down 3%, but were about 10% higher in after-hours trading, at around $38.

Buffett has a value bent and HP fits the bill as the stocks trades for just eight times projected earnings in its fiscal year ending in October. And HP shares yield nearly 3%.

In late October, Barron’s tech columnist Eric J. Savitz wrote that “with an improving growth story, shareholder-friendly policies, and one of the cheapest stocks in the tech sector, HP looks like a screaming buy.”

Investors have been happy to see Buffett invest some of Berkshire’s huge cash hoard of nearly $150 billion. Yet the HP purchases could also have been made by his two investment lieutenants, Todd Combs and Ted Weschler, who together run about 10% of Berkshire’s $350 billion equity portfolio.

Berkshire’s class A shares were up 0.2% Wednesday, to $517,002 and have risen about 15% so far this year, making it the top-performing megacap stock in the S&P 500.

 

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Buffett’s Berkshire Hathaway Loaded Up on Stocks in Q1
Berkshire Hathaway snapped up $51 billion of stocks in the first quarter, more than in any other three-month period in its history. Most of the buying was around the time the market tumbled in early March, heeding CEO Warren Buffett’s call to be “greedy when others are fearful.”

• In new activity, Berkshire held 55 million shares of Citigroup on March 31, now valued at $2.6 billion. Berkshire also owned 69 million shares of Paramount Global, the media company, valued at $1.9 billion.
• Energy was another focus. Berkshire held 159 million shares of Chevron as of March 31, now valued at $27.5 billion and 137 million shares of Occidental. With a share purchase last week, Berkshire now has 143 million shares of Occidental valued at $9.7 billion.
• The energy stakes, in particular, reflect Buffett’s preference for low valuations and shareholder returns in the form of dividends and share buybacks. Dividend-paying stocks offer a steady stream of cash in the face of volatile markets.
• Berkshire eliminated nearly all of its Verizon Communications stake in the quarter, holding just 1.4 million shares on March 31, down from almost 159 million shares on Dec. 31. Barron’s wrote earlier this month that Berkshire likely sold all or most of the stake.

What’s Next: Berkshire’s investments in Chevron and Occidental might reflect a bet that commodities prices will stay elevated for a while, analysts said. Energy stocks are the best-performing group in the S&P 500 this year, benefiting from a surge in commodities prices that began after Russia’s invasion of Ukraine.

 

[tontolina]

e mettiamolo sto grafico ... che vale molto il colpo d'occhio
da 360, dollari del 28 marzo è scesa a 278 chiusura di venerdì scorso
perdendo il 23% ... neanche tanto...

 

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questo invece è il grafico mensile che mostra che l'azione è arrivata sul primo supporto da cui attendersi almeno un rimbalzo

 

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Hai ragione, mettiamolo sto grafico, che senno’ pare vergogna