5 Best Stocks To Invest In For Financial Stability

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110

UnitedHealth Group Incorporated (NYSE:UNH) is a for-profit American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It operates through four segments – UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. Arguably one of the stable stocks, the company announced guidance for 2023, with revenue forecasted to be between $357 billion to $360 billion.

Earlier this January, Loop Capital analyst Joseph France raised the price target on UnitedHealth Group Incorporated (NYSE:UNH) to $590 from $575 and kept a Buy rating on the shares. The analyst cited the company’s “strong” Q4 results and 2023 outlook. While the management’s guidance is unchanged, France believes it to be “no less remarkable” given last year’s tough comparison.

According to Insider Monkey’s fourth quarter database, 110 hedge funds were long UnitedHealth Group Incorporated (NYSE:UNH), the same as the last quarter. Rajiv Jain’s GQG Partners is the leading position holder in the company, with 3.96 million shares worth $2.1 billion.

Here is what Stewart Asset Management has to say about UnitedHealth Group Incorporated (NYSE:UNH) in its Q3 2022 investor letter:

“Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. Our four largest current holdings in the portfolio weathered that period well. UnitedHealth’s (NYSE:UNH) earnings were resilient. While it reported modestly down earnings in 2008, its earnings rebounded quickly to record highs in 2010 and the shares responded strongly in anticipation of this.”

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