5 Best Fast Money Stocks To Buy According To Hedge Funds

2. UnitedHealth Group Inc. (NYSE:UNH)

Number of Hedge Fund Holders: 110

Timothy Seymour said “there’s no cheating with” UnitedHealth Group Inc. (NYSE:UNH) and that the company is “growing in the highest growth segments in pharma”. The stock was one of his final trades this April. UnitedHealth Group Inc. (NYSE:UNH) is one of the best Fast Money stocks to buy now.

On April 11, Morgan Stanley named UnitedHealth Group Inc. (NYSE:UNH) as its top pick and maintained an Overweight rating and its $587 price target on the stock. As of April 12, UnitedHealth Group Inc. (NYSE:UNH) is offering a forward dividend yield of 1.28%.

UnitedHealth Group Inc. (NYSE:UNH) was a part of 110 investors’ portfolios that held collective positions worth $11.4 billion, at the close of Q4 2022. Of those, GQG Partners was the leading investor and held a stake worth $2.1 billion.

FMI made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its Q1 2023 investor letter:

“UnitedHealth Group Incorporated (NYSE:UNH) is the largest, best-managed, and most-diversified managed care organization in the U.S. and is among the largest providers of health services and technology through its fast-growing Optum businesses. In managed care (health insurance), UNH is the number one national provider in the rapidly expanding Medicare Advantage market, in addition to the number one and number two positions in most other sub segments. Today, scale is more important than ever in delivering top benefits at competitive prices. Scaled buying power (and network building) ensures the most visibility into medical costs at a given site-of-care and scaled investment gives UNH the most enhanced capabilities (tools and technology, typically from Optum) that nudge participants towards lower cost sites-of-care. We view the forward valuation (17 times 2024E EPS) and long-term growth algorithm as attractive.”