5 Best Healthcare Stocks To Buy Now

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 103

UnitedHealth Group Incorporated (NYSE:UNH) is a healthcare plans and other associated products provider headquartered in Minnetonka, Minnesota, United States. The firm provides health care coverage, benefits, and other plans alongside other products that allow for physician access.

UnitedHealth Group Incorporated (NYSE:UNH) is one of the strongest dividend stocks when it comes to growth. The firm’s dividends have had a CAGR of 24.4% for the last ten years and CAGRs of 18% and 17% for the previous five and three years, respectively. It pays a $1.65 dividend per share for a 1.22% yield.

Argus raised UnitedHealth Group Incorporated (NYSE:UNH)’s share price target to $650 from $580 in July 2022, citing optimism for its business segments. Insider Monkey scanned 912 hedge funds during this year’s first quarter to find out that 103 had bought the company’s shares.

UnitedHealth Group Incorporated (NYSE:UNH)’s largest investor is  Boykin Curry’s Eagle Capital Management which owns 2.9 million shares that are worth $1.4 billion.

In its Q2 2022 investor letter, Wedgewood Partners mentioned the company and stated:

“UnitedHealth Group also contributed to performance during the quarter. United’s operating income grew +3% on difficult year-ago comparisons as benefits members utilized more services compared to last year. Optum Health grew operating income +40% as more patients are enrolled in the Company’s value-based care services. The Company estimates nearly a third of all medical care is unnecessary and represents an opportunity to capture savings for both patients. Optum’s integrated platform of patient data, IT, and service providers are focused on driving out these unnecessary costs and should serve as the engine for long-term, mid-teens earnings per share growth.”

Disclosure: None. You can also take a look at 10 Electric Car Stocks to Buy for 2022 and 10 Best Data Center Stocks To Invest In.

Follow Insider Monkey on Twitter