5 Best Financial Stocks To Buy Now

3. Berkshire Hathaway Inc. (NYSE:BRK-B)

Number of Hedge Fund Holders: 109

Berkshire Hathaway Inc. (NYSE:BRK-B) is a diversified conglomerate with interests in insurance, finance, and other sectors. It is one of the elite financial stocks to invest in. Greg Abel, the vice chair of the firm and the likely successor to CEO Warren Buffett, recently bought about $68 million of the company’s shares. This appears to be his first purchase of Berkshire stock since he assumed the position in 2018. 

On September 21, investment advisory Edward Jones upgraded Berkshire Hathaway Inc. (NYSE:BRK-B) to Buy from Hold. Analyst James Shanahan issued the ratings update. 

In its Q1 2022 investor letter, Diamond Hill Capital, an asset management firm, highlighted a few stocks and Berkshire Hathaway Inc. (NYSE:BRK-B) was one of them. Here is what the fund said:

“Diversified holding company Berkshire Hathaway Inc. (NYSE:BRK-B) reported strong earnings during the quarter and benefited from continued share repurchases below intrinsic value. The company also announced significant deployments of excess cash during the quarter, including the acquisition of Alleghany and a large increase in its stake in Occidental Petroleum.”