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Investing.com - UBS raised its price target on Berkshire Hathaway Inc . (NYSE:BRKa) (NYSE:BRK-B) to $595.00 from $591.00 while maintaining a Buy rating, citing improved performance in the company’s insurance operations.
The investment firm increased its second-quarter 2025 earnings per share estimate to $5.06 from $5.00 for "B" shares ($7,595 from $7,493 for "A" shares), primarily due to better-than-expected results in the insurance segment.
UBS noted that GEICO is expected to show an improved expense ratio, while Berkshire Hathaway (NYSE:BRKb) Reinsurance Group (NYSE:RGA) should benefit from lower catastrophe losses during the quarter.
The firm adjusted its full-year 2025 EPS projection upward to $19.97 from $19.92 for "B" shares ($29,955 from $29,882 for "A" shares), and forecasts a sequential growth of 1.8% in second-quarter 2025 book value per share.
UBS models no share buybacks for Berkshire in 2025/26, noting that the company’s shares currently trade at a 4% premium to intrinsic value, compared to an average 18% discount during previous buyback periods.
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