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Omaha, Nebraska-based Berkshire Hathaway Inc.`s stock finished the day 2.08% higher at $164.69. A total volume of 6.02 million shares was traded, which was above their three months average volume of 3.62 million shares. The Company`s shares have gained 12.10% in the last one month, 9.95% in the previous three months, and 24.73% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.20% and 13.53%, respectively. Additionally, shares of Berkshire Hathaway, which through its subsidiaries, primarily engages in the insurance and reinsurance of property and casualty risks business, have an RSI of 79.27.
The Company was organized in 1948 by a group of Utah funeral directors for the purpose of providing the public with an insurance product designed to help pay funeral costs at the time of need. Some of the original founders still serve the Company as members of the Board of Directors. The Company began its operations as Sentinel Mutual Insurance Company. In 1954, the Articles of Incorporation were amended to change the Company to a capital stock insurer and the name was changed to Sentinel Insurance Company. In 1957, the Articles of Incorporation were again amended to change the company's name to its present status as Sentinel Security Life Insurance Company. In 1962, we acquired Uinta National Insurance Company of Utah and United Reserve Life Company of Montana. In 1965, we acquired National Mutual Insurance Company of Utah.
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