CEO Greg Abel reinitiated Berkshire Hathaway’s share repurchase program. Abel took leadership at the start of 2026.
Leadership considers the stock to be trading below intrinsic value. The price-to-book ratio currently sits around 1.4.
Abel purchased $226 million of Berkshire Hathaway stock. He made the purchase in March.
Abel may continue buying throughout the year. This move contrasts with Warren Buffett’s decision to halt buybacks.
Buffett halted the program in mid-2024. He previously deemed the stock more expensive.
Berkshire Hathaway also increased its stake in Japanese insurer Tokio Marine.