5 Best Healthcare Stocks To Invest In

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 105 

UnitedHealth Group Incorporated (NYSE:UNH) reported its Q3 2021 results on October 16 and posted an EPS of $4.52, beating the estimates by $0.10. The company reported revenue of $72.3 billion, showcasing an 11.1% growth from the prior-year quarter. UnitedHealth Group Incorporated (NYSE:UNH) remains one of the best healthcare stocks to invest in.

On August 11, UnitedHealth Group Incorporated (NYSE:UNH) declared a quarterly dividend of $1.45 per share, yielding 1.41%. The company has a track record of 12 years of consistent dividend growth. Recently, Wells Fargo lifted its price target on UnitedHealth Group Incorporated (NYSE:UNH) to $520, with an Overweight rating on the shares, showing confidence in the company’s earnings momentum.

At the end of Q2, 105 hedge funds tracked by Insider Monkey reported having stakes in UnitedHealth Group Incorporated (NYSE:UNH), up from 89 in the previous quarter. The total value of these stakes is over $13.1 billion.

ClearBridge Investments mentioned UnitedHealth Group Incorporated (NYSE:UNH) in its Q2 2021 investor letter. Here is what the firm has to say:

“A good way to conceptualize how we think about portfolio construction is to picture a pyramid. At the bottom of the pyramid are the durable compounding growth companies that form the strong foundation, resilience and consistency for the Strategy. We think these companies should comprise just under half of portfolio assets and feature annual revenue growth rates ranging from two times GDP up to 20% as well as healthy free cash flow generation.

UnitedHealth Group, a name we have owned in the Strategy since 1992, is a good example of a long-term compounder, having grown its revenue base from approximately $600 million to north of $260 billion over that time frame. It remains constantly focused on investing in new growth drivers such as telemedicine and health care analytics. Broadcom and Comcast have delivered similar long-term appreciation through a combination of organic growth, capital deployment into new and adjacent opportunities through merger and acquisition activity as well as returning capital to shareholders through buybacks and dividends.”

You can also take a look at 10 Best Healthcare Dividend Stocks and 10 Cheap Healthcare Stocks To Buy Now

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