Billionaire Andreas Halvorsen Is Selling These 5 Stocks

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 95

Headquartered in Minnesota, UnitedHealth Group Incorporated (NYSE:UNH) is a multinational insurance and managed healthcare company. Viking Global started building a position in UnitedHealth Group Incorporated (NYSE:UNH) in Q4 2016, and by the third quarter of 2021, the hedge fund held a $283.8 million stake in the company. Andreas Halvorsen completely disposed of his position in UnitedHealth Group Incorporated (NYSE:UNH) in Q4 2021. 

On January 19, UnitedHealth Group Incorporated (NYSE:UNH) posted its Q4 earnings, announcing EPS of $4.48, exceeding estimates by $0.17, while revenue came in at $73.74 billion, outperforming estimates by $774.36 million.

SVB Leerink analyst Whit Mayo raised his price target on UnitedHealth Group Incorporated (NYSE:UNH) to $550 from $480 on January 26 and kept an ‘Outperform’ rating on the shares. The analyst observed that the company’s Q4 results were as expected. However, against political risks and COVID-19 gradually fading away, he can see the stock pushing a premium against the S&P 500.

Rajiv Jain’s GQG Partners held the biggest stake in UnitedHealth Group Incorporated (NYSE:UNH) at the end of September, with 3.6 million shares worth $1.4 billion. Overall, 95 hedge funds were bullish on the stock in the third quarter of 2021. 

Here is what Third Point Management had to say about UnitedHealth Group Incorporated (NYSE:UNH) in its Q3 2021 investor letter:

“UnitedHealth is one of the largest healthcare companies in the world and a market leader in both its insurance and healthcare services (Optum) businesses. We initiated our position during the 2020 Presidential election at a time of heightened political and regulatory uncertainty.

We believe under its new CEO, Andrew Witty, UnitedHealth can not only preserve its market dominance and sustain industry-leading growth rates across most of its key segments but also enter new healthcare services markets. Witty is known as a mission-driven CEO who clearly articulates his view that providing high-quality, affordable health care services is a social good. He receives consistently high marks from former colleagues, and we believe that his leadership approach will ballast and even strengthen UNH’s already impressive management and employee ranks. The insurance and services businesses are synergistic and complementary, which entrenches United’s critical role in care financing, access, and management. This dynamic gives us confidence in the durability of United’s market leadership…” (Click here to see the full text)