In this article, we discuss 5 best beginner stocks to buy now. If you want to see more stocks in this selection, check out 14 Best Beginner Stocks to Buy Now.
5. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Holders: 110
UnitedHealth Group Incorporated (NYSE:UNH) operates as a diversified healthcare company in the United States. On November 4, UnitedHealth Group Incorporated (NYSE:UNH) declared a quarterly dividend of $1.65 per share, in line with previous. The dividend is distributable on December 13, to shareholders of the company as of December 5. UnitedHealth Group Incorporated (NYSE:UNH) is one of the top stocks for a beginner portfolio.
On November 23, Morgan Stanley analyst Erin Wright initiated coverage of UnitedHealth Group Incorporated (NYSE:UNH) with an Overweight rating and a price target of $587. In health insurance, “scale is king” and UnitedHealth Group Incorporated (NYSE:UNH) is the biggest national insurer which is ranked among the top three in almost all insurance end markets, the analyst told investors.
According to Insider Monkey’s data, 110 hedge funds were long UnitedHealth Group Incorporated (NYSE:UNH) at the end of the third quarter of 2022, compared to 91 funds in the prior quarter. Rajiv Jain’s GQG Partners is the leading stakeholder of the company, with 3.2 million shares worth $1.6 billion.
Aristotle Atlantic made the following comment about UnitedHealth Group Incorporated (NYSE:UNH) in its Q3 2022 investor letter:
“UnitedHealth Group Incorporated (NYSE:UNH) is a leading U.S. health insurer offering a variety of plans and services to group and individual customers nationwide. Its health benefits segment manages health maintenance organization, preferred provider organization and point-of-service plans, as well as Medicare, Medicaid, state-funded, and supplemental vision and dental options. In addition, UnitedHealth Group’s Optum health services units—OptumHealth, OptumInsight and OptumRx—provide wellness and care management programs, financial services, information technology solutions, and pharmacy benefit management services to individuals and the health care industry. We believe UnitedHealth Group is well-positioned as a leader in commercial and government insurance markets with a broad complimentary service offering through Optum Health. As one of the largest healthcare payers and providers, we believe the company has unique insights and scale to continue to evolve the health care delivery process and drive above industry profitability and growth. We believe UnitedHealth Group’s track record of financial strength and stability warrants a premium in share valuation.”
