Berkshire's Record Run Meets a Pricier Yen Market and a Softer Insurance Quarter
Published on 11/15/2026 at 15:21 | Editorial boerse-global.de
Berkshire Hathaway has become an unlikely defensive favourite. With investors fretting over AI-linked equities, money has rotated toward the Omaha conglomerate, and both classes of its stock closed at all-time highs on four consecutive trading days, CNBC reported. Class A shares finished Friday up 0.8% at €537.90.
That flight to safety sits alongside a busy week of capital markets activity. On Friday, Berkshire set the terms of a ¥182.3 billion yen bond issue split across five tranches, with maturities running from three to 30 years. According to Bloomberg, the company had to accept wider credit spreads than on its April sale. A filing with the SEC lists 19 November 2026 as the settlement date, and Reuters reports that part of the proceeds will hedge Japanese investments against currency swings.
Buybacks Keep Rolling
Share repurchases remain a fixture of Berkshire's capital allocation. The company bought back roughly $9.6 billion of its own stock between July and September, then added about $2 billion more in October, according to Reuters. Earlier in 2026, a further $4.8 billion had already gone into buybacks.
Should investors sell immediately? Or is it worth buying Berkshire Hathaway?
The purchases came as headline earnings lost some altitude. Operating profit fell 6% to $12.7 billion in the third quarter of 2026, while net income attributable to shareholders dropped 28% to $22.11 billion. AP attributed pressure at GEICO to higher advertising spending, with changes in investment valuations also weighing on the overall result.
A Split Verdict on the Street
Wall Street's view is anything but unanimous. Keefe, Bruyette & Woods lifted its price target on Berkshire from $735,000 to $765,000 on Monday, yet kept its "Underperform" rating on the stock.
The bond sale's fine print adds further detail: coupons across the five tranches range from 2.624% to 4.571%, maturities span 2029 to 2056, and the net proceeds to Berkshire come to ¥182 billion.
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