Top 5 Healthcare Stocks to Buy

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 91

United Group Incorporated (NYSE:UNH) operates as a diversified healthcare company in the United States. It is one of the major healthcare stocks to invest in. On October 3, the company announced that it had completed the $8 billion purchase of Change Healthcare. The firm had agreed to purchase Change Healthcare for $25.75 per share in January 2021, which was changed to $27.5 per share later. 

On September 22, Raymond James analyst John Ransom maintained a Strong Buy rating on UnitedHealth Group Incorporated (NYSE:UNH) stock and raised the price target to $635 from $620. 

At the end of the second quarter of 2022, 91 hedge funds in the database of Insider Monkey held stakes worth $10.9 billion in United Group Incorporated (NYSE:UNH), compared to 103 in the preceding quarter worth $12.8 billion. 

In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and United Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“UnitedHealth Group Incorporated (NYSE:UNH) reported solid quarterly results and raised 2022 guidance modestly. Additionally, managed care is another industry that is viewed as defensive in the current environment, which helped support UnitedHealth and its peer group.”