The Inflation Reduction Act 2022: Top 5 Winners

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. UnitedHealth Group Incorporated (NYSE:UNH) offers Medicaid plans, children’s health insurance and healthcare programs, dental benefits, and hospital and clinical services. It is one of the largest potential beneficiaries of the Inflation Reduction Act 2022.

On July 15, UnitedHealth Group Incorporated (NYSE:UNH) reported Q2 EPS of $5.57 and revenue of $80.33 billion, outperforming Wall Street estimates by $0.36 and $652.11 million, respectively. The company also boosted its FY22 EPS outlook based on its first-half performance and future growth predictions. 

Mizuho analyst Ann Hynes raised the price target on UnitedHealth Group Incorporated (NYSE:UNH) to $600 from $550 on August 10 and maintained a ‘Buy’ rating on the shares after the “strong” Q2 results. The analyst raised estimates due to the company’s solid business outlook.

Among the hedge funds tracked by Insider Monkey, 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 is the leading stakeholder of the company, with 2.90 million shares worth about $1.5 billion. 

Here is what Wedgewood Partners had 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 This Analyst Is Bearish on These 15 Retail Stocks Amid “Soft Landing” Expectations and 10 Best Dividend Stocks to Buy in 2022.

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