US Politicians are Selling These 5 Stocks

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 103

UnitedHealth Group Incorporated (NYSE:UNH) operates as a diversified healthcare firm. Per latest disclosures, US House member David McKinley sold UnitedHealth Group Incorporated (NYSE:UNH) stock worth around $1,000-$15,000. The transaction, revealed on behalf of his wife, was disclosed almost a month after it was made.

On July 25, Argus analyst David Toung maintained a Buy rating on UnitedHealth Group Incorporated (NYSE:UNH) stock and raised the price target to $650 from $580, appreciating the second quarter earnings beat of the firm and the guidance raise. 

At the end of the first quarter of 2022, 103 hedge funds in the database of Insider Monkey held stakes worth $12.8 billion in UnitedHealth Group Incorporated (NYSE:UNH), compared to 96 in the preceding quarter worth $13.6 billion. 

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

“UnitedHealth Group Incorporated (NYSE:UNH) 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.”