5 Best Low Volatility Stocks to Buy Now

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 116

Beta Value: 0.66

UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. One of the biggest healthcare companies in America, it operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx.

UnitedHealth Group Incorporated (NYSE:UNH) exceeded Wall Street expectations with its Q2 financial results announced on July 14. The company reported a non-GAAP EPS of $6.14, surpassing estimates by $0.16. Additionally, its revenue for the quarter reached $92.9 billion, outperforming predictions by $1.94 billion.

According to Insider Monkey’s first quarter database, 116 hedge funds were bullish on UnitedHealth Group Incorporated (NYSE:UNH), compared to 110 funds in the prior quarter. Rajiv Jain’s GQG Partners is the leading stakeholder of the company, with approximately 4 million shares worth $2.10 billion.

ClearBridge Large Cap Value Strategy made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its first quarter 2023 investor letter:

“The tech-dominated quarter was a headwind for both defensive and cyclical sectors, with shares of health care holdings such as UnitedHealth Group Incorporated (NYSE:UNH), Elevance (ELV) and Johnson & Johnson (JNJ) declining after a strong 2022.”

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