5 Safest Stocks To Invest In

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 104

Beta Value: 0.61

UnitedHealth Group Incorporated (NYSE:UNH), headquartered in Minnetonka, Minnesota, is a leading American multinational corporation specializing in managed healthcare and insurance services, operating as a for-profit entity. The corporation is organized into four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. Recognized as one of the safest stocks out there, UnitedHealth Group Incorporated (NYSE:UNH) announced a quarterly dividend of $1.88 per share on November 8, maintaining consistency with the previous payout. The dividend will be distributed on December 12 to shareholders of record as of December 4.

Insider Monkey’s database of 910 hedge funds reveals that 104 hedge funds reported owning stakes in UnitedHealth Group Incorporated (NYSE:UNH). The most significant stakeholder in the firm during this period was Rajiv Jain’s GQG Partners, which holds a $1.63 billion stake in the company.

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.