Summary Global Indemnity Group LLC - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Global Indemnity Group LLC (Global Indemnity) operates as a provider of specialty property and casualty insurance. The company's main activities include offering insurance coverage for small ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We think two big concerns--first, that Berkshire Hathaway's size will prevent it from growing at a decent clip in the future and, second, that the company's shares will get pummeled once Warren Buffett no longer runs the show--have kept some investors on the sidelines. While we do not expect Berkshire to be able to consistently increase its book value per share at a double-digit rate going forward--a feat the firm achieved six times during 2009-18--we think the company is still capable of increa...
There were few surprises in wide-moat Berkshire Hathaway's first-quarter 13-F filing. CEO Warren Buffett had already announced that Berkshire put new money to work in Amazon.com during the quarter, noting that it was one of his lieutenants who purchased the shares, which rings true given that the position size, which cost an estimated $800 million, fell below the $1 billion-plus position size we normally see with stocks Buffett is backing. We were also aware of Berkshire's trimming of its Wells ...
There were few surprises in wide-moat Berkshire Hathaway's first-quarter 13-F filing. CEO Warren Buffett had already announced that Berkshire put new money to work in Amazon.com during the quarter, noting that it was one of his lieutenants who purchased the shares, which rings true given that the position size, which cost an estimated $800 million, fell below the $1 billion-plus position size we normally see with stocks Buffett is backing. We were also aware of Berkshire's trimming of its Wells ...
There were few surprises in wide-moat Berkshire Hathaway's first-quarter 13-F filing. CEO Warren Buffett had already announced that Berkshire put new money to work in Amazon.com during the quarter, noting that it was one of his lieutenants who purchased the shares, which rings true given that the position size, which cost an estimated $800 million, fell below the $1 billion-plus position size we normally see with stocks Buffett is backing. We were also aware of Berkshire's trimming of its Wells ...
Wide-moat-rated Berkshire Hathaway released first-quarter results May 4 ahead of its annual meeting that were more or less in line with our expectations. First-quarter revenue, which now includes unrealized (as well as realized) gains/losses from the firm's investments and derivatives portfolios, increased 60.5% year over year to $81.0 billion. Excluding the impact of investment and derivative gains/losses, first-quarter revenue increased 3.8% to $60.7 billion, more or less in line with our near...
Wide-moat-rated Berkshire Hathaway releasing first-quarter results this morning ahead of the company's annual meeting that were more or less in line with our expectations. First-quarter revenue, which now includes unrealized (as well as realized) gains/losses from the firm's investments and derivatives portfolios, increased 60.5% year over year to $81.0 billion. Excluding the impact of investment and derivative gains/losses, first-quarter revenue increased 3.8% to $60.7 billion, more or less in ...
In a sign that the Bank of Berkshire remains open, no-moat Occidental Petroleum announced April 30 that it has procured $10 billion in funding from wide-moat Berkshire Hathaway in connection with the financing it has put together as part of its unsolicited bid for no-moat Anadarko Petroleum. While this is a classic Warren Buffett move, with Berkshire receiving 100,000 shares of 8% preferred stock and a warrant to purchase up to 80 million shares of Occidental (at an exercise price of $62.50 a sh...
In a sign that the Bank of Berkshire remains open, no-moat Occidental Petroleum announced April 30 that it has procured $10 billion in funding from wide-moat Berkshire Hathaway in connection with the financing it has put together as part of its unsolicited bid for no-moat Anadarko Petroleum. While this is a classic Warren Buffett move, with Berkshire receiving 100,000 shares of 8% preferred stock and a warrant to purchase up to 80 million shares of Occidental (at an exercise price of $62.50 a sh...
With wide-moat Berkshire Hathaway's fourth-quarter and full-year operating results being more or less in line with our expectations, we are leaving our $360,000 ($240) per Class A (B) share fair value estimate in place. Full-year operating revenue increased 3.3% to $247.8 billion. Including the impact of investment and derivative gains/losses, Berkshire's top line decreased 6.9% to $225.4 billion. With expenses increasing at a slower rate than revenue and the company seeing a marked improvement ...
With wide-moat Berkshire Hathaway's fourth-quarter and full-year operating results being more or less in line with our expectations, we are leaving our $360,000 ($240) per Class A (B) share fair value estimate in place. Full-year operating revenue increased 3.3% to $247.8 billion. Including the impact of investment and derivative gains/losses, Berkshire's top line decreased 6.9% to $225.4 billion. With expenses increasing at a slower rate than revenue and the company seeing a marked improvement ...
We think two big concerns--first, that Berkshire Hathaway's size will prevent it from growing at a decent clip in the future and, second, that the company's shares will get pummeled once Warren Buffett no longer runs the show--have kept some investors on the sidelines. While we do not expect Berkshire to be able to consistently increase its book value per share at a double-digit rate going forward--a feat the firm achieved six times during 2009-18--we think the company is still capable of increa...
There were a few surprises in wide-moat Berkshire Hathaway's fourth-quarter 13-F filing. While we expected to see some buying activity given the sell-off in the equity markets during the period, we were surprised by the scale and the scope of the purchases. Berkshire's biggest buy involved JPMorgan Chase, with the insurer spending an estimated $1.5 billion to increase its stake in the bank by 40%. The firm also increased its stake in PNC Financial by 36%, acquiring another 2.2 million shares of ...
There were a few surprises in wide-moat Berkshire Hathaway's fourth-quarter 13-F filing. While we expected to see some buying activity given the sell-off in the equity markets during the period, we were surprised by the scale and the scope of the purchases. Berkshire's biggest buy involved JPMorgan Chase, with the insurer spending an estimated $1.5 billion to increase its stake in the bank by 40%. The firm also increased its stake in PNC Financial by 36%, acquiring another 2.2 million shares of ...
There were a few surprises in wide-moat Berkshire Hathaway's fourth-quarter 13-F filing. While we expected to see some buying activity given the sell-off in the equity markets during the period, we were surprised by the scale and the scope of the purchases. Berkshire's biggest buy involved JPMorgan Chase, with the insurer spending an estimated $1.5 billion to increase its stake in the bank by 40%. The firm also increased its stake in PNC Financial by 36%, acquiring another 2.2 million shares of ...
As we noted last week, wide-moat rated Berkshire Hathaway spent some $14 billion on the purchase of financial services stocks in the third quarter, with the sector accounting for 40.7% of Berkshire's reported equity portfolio at the end of September (much higher than the 13.8% financials weighting in the S&P 500 Index). The insurer's second largest sector weighting at the end of the third quarter was in technology, which accounted for 27.7% of Berkshire's equity portfolio, but much of that was b...
As we noted last week, wide-moat rated Berkshire Hathaway spent some $14 billion on the purchase of financial services stocks in the third quarter, with the sector accounting for 40.7% of Berkshire's reported equity portfolio at the end of September (much higher than the 13.8% financials weighting in the S&P 500 Index). The insurer's second largest sector weighting at the end of the third quarter was in technology, which accounted for 27.7% of Berkshire's equity portfolio, but much of that w...
There were a few surprises in wide-moat Berkshire Hathaway's third-quarter 13-F filing. While we expected to see buying activity, given the company's recent 10-Q highlighted $17.7 billion in purchases (offset by $5.2 billion of sales), our belief had been that much of that capital had been directed to narrow-moat Apple, with Berkshire having already acquired an additional 86.6 billion shares in the technology firm during the first half of the year and CEO Warren Buffett noting in late August tha...
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