Tech Billionaire Chase Coleman’s Top 10 Stock Picks

6. UnitedHealth Group Inc. (NYSE:UNH)

Shares held by Tiger Global: 2.37 million

Value of position: $1.38 billion

UnitedHealth Group Inc. (NYSE:UNH) is a diversified healthcare leader, operating two primary brands: UnitedHealthcare, offering health insurance, and Optum, which delivers healthcare services, technology, and pharmacy benefits. With a market cap of $559.88 billion, it is the world’s largest healthcare company by revenue, and a critical player in the U.S. health care system.

Tiger Global Management holds shares of UnitedHealth Group Inc. (NYSE:UNH) valued at $1.38 billion as of the end of September, which accounts for 5.9% of the portfolio. The fund recently increased its position by 1%, reflecting confidence in UNH’s potential for stable returns and future growth.

Due to expanded insurance enrollments in the fall and overall growth across all Optum segments, UnitedHealth Group Inc. (NYSE:UNH)’s recent performance has been robust. Analysts forecast EPS of $27.61 for 2024 and $29.99 for 2025, hinting at steady profitability. The company’s payout ratio of 54.72% supports a $2.10 quarterly dividend, being attractive for income-focused investors.

Considering the forward P/E of 20.41, UnitedHealth offers a reasonable valuation considering its scale and growth. Analysts maintain an average price target of $618.26, with a high of $675, optimistic about the firm’s persistence in capturing market share and delivering earnings growth.