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Berkshire ramps up buybacks in Q3 even as operating earnings dip

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Berkshire ramps up buybacks in Q3 even as operating earnings dip

Berkshire Hathaway (BRK.A) (BRK.B) has accelerated its stock buybacks during its third quarter ending Sept. 30, while the investing giant’s operating earnings fell amid weakness in its insurance businesses.The Omaha, Nebraska-based conglomerate repurchased $9.6B in shares in Q3

Directly affected

  • BRK-B Berkshire Hathaway

    Named in this report.

  • BRK.B BRK.B

    Named in this report.

Indirectly affected

  • XLF Financial Select Sector SPDR-1.5% 30d

    Financial Select Sector SPDR holds the financials sector that Berkshire Hathaway belongs to, so it often moves with news about it.

  • PGR The Progressive+13.5% 30d

    The Progressive is a peer of Berkshire Hathaway in fire, marine and casualty insurance; rivals often move on the same news.

  • TRV The Travelers Companies+8.5% 30d

    The Travelers Companies is a peer of Berkshire Hathaway in fire, marine and casualty insurance; rivals often move on the same news.

  • ALL The Allstate+18.5% 30d

    The Allstate is a peer of Berkshire Hathaway in fire, marine and casualty insurance; rivals often move on the same news.

  • AIG American International Group+8.6% 30d

    American International Group is a peer of Berkshire Hathaway in fire, marine and casualty insurance; rivals often move on the same news.

  • HIG The Hartford Insurance Group+6.4% 17d

    The Hartford Insurance Group is a peer of Berkshire Hathaway in fire, marine and casualty insurance; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BRK-BPrices arriving within minutes———after closeafter closeafter closeafter close
BRK.B-2.52%+1.50%baseafter closeafter closeafter closeafter close
XLF+0.66%+3.52%baseafter closeafter closeafter closeafter close
PGR+2.77%+3.14%baseafter closeafter closeafter closeafter close
TRV+0.92%+3.55%baseafter closeafter closeafter closeafter close
ALL+3.63%+5.56%baseafter closeafter closeafter closeafter close
AIG+5.99%+5.07%baseafter closeafter closeafter closeafter close
HIG+1.15%+3.09%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Berkshire ramps up buybacks in Q3 even as operating earnings dip TradingView

Source: TradingView

This story

CompanyWhenMoveStatus
AIGthree days earlier+5.07%final price
AIGfive days earlier+5.99%final price
ALLthree days earlier+5.56%final price
ALLfive days earlier+3.63%final price
BRK.Bthree days earlier+1.50%final price
BRK.Bfive days earlier-2.52%final price
HIGthree days earlier+3.09%final price
HIGfive days earlier+1.15%final price
PGRthree days earlier+3.14%final price
PGRfive days earlier+2.77%final price
TRVthree days earlier+3.55%final price
TRVfive days earlier+0.92%final price
XLFthree days earlier+3.52%final price
XLFfive days earlier+0.66%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Berkshire ramps up buybacks in Q3 even as operating earnings dip” scores 12 out of 100. The score uses 1 sources.