Investors are Buying These 5 Stocks as New Survey Shows “Dire” Pessimism

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 103

UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational managed healthcare and insurance company. On July 15, UnitedHealth Group Incorporated (NYSE:UNH) lifted its FY22 EPS outlook after the Q2 results which exceeded analysts’ estimates. The company raised its 2022 GAAP EPS guidance to $20.45 to $20.95, compared to the earlier expectations of earnings per share of $20.30 to $20.80.

On July 25, Argus analyst David Toung raised the price target on UnitedHealth Group Incorporated (NYSE:UNH) to $650 from $580 and maintained a Buy rating on the shares following its Q2 results and guidance raise. The company offers robust growth drivers in both its managed care and Optum businesses, and the combination of top-line growth and margin expansion is supporting its market-leading ROI, the analyst told investors.

According to Insider Monkey’s data, 103 hedge funds were bullish on UnitedHealth Group Incorporated (NYSE:UNH) at the end of Q1 2022, up from 96 funds in the prior quarter. Boykin Curry’s Eagle Capital Management held the leading position in the company, comprising 2.90 million shares worth about $1.5 billion. 

Here is what Wedgewood Partners has to say about UnitedHealth Group Incorporated (NYSE:UNH) in its Q2 2022 investor letter:

“UnitedHealth Group also contributed to performance during the quarter. United’s operating income grew +3% on difficult year-ago comparisons as benefits members utilized more services compared to last year. Optum Health grew operating income +40% as more patients are enrolled in the Company’s value-based care services. The Company estimates nearly a third of all medical care is unnecessary and represents an opportunity to capture savings for both patients. Optum’s integrated platform of patient data, IT, and service providers are focused on driving out these unnecessary costs and should serve as the engine for long-term, mid-teens earnings per share growth.”

You can also take a look at The 10 Best Value ETFs to Invest In and 12 Best FMCG Stocks to Buy Now. 

Follow Insider Monkey on Twitter