5 Best Investments During A Recession

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1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 111

UnitedHealth Group Incorporated (NYSE:UNH) functions as a diversified healthcare enterprise within the United States. Its operations are divided into four segments – UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. Each segment caters to different consumer healthcare needs like health benefit plans, care delivery and management, healthcare software and information products, and pharmacy care services. On August 23, UnitedHealth Group Incorporated (NYSE:UNH) declared a quarterly dividend of $1.88 per share, in line with previous. The dividend will be distributed on September 19, to shareholders of record on September 11.

As per Insider Monkey’s second quarter database, 111 hedge funds were bullish on UnitedHealth Group Incorporated (NYSE:UNH), as compared to 116 in the last quarter. Rajiv Jain’s GQG Partners is the top shareholder of the firm with around 4.89 million shares valued at approximately $2.35 billion. 

Mairs & Power Growth Fund made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its second quarter 2023 investor letter:

“Notable detractors to performance in the first half were US Bank (USB), Charles Schwab (SCHW), and UnitedHealth Group Incorporated (NYSE:UNH), which were down 22.09%, 31.65%, and 8.65%, respectively. Another detractor from relative performance was UnitedHealth Group, which was down 8.65%. However, we have a positive long-term view of the company, headquartered in Minnesota, and especially its potential when it comes to harnessing its vast amounts of patient data via AI. Additionally, its Optum unit, which provides technology and data-driven care delivery, has AI-enabled tools that can help healthcare providers drive more efficient and accurate care to patients.”

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