5 Best Dow Jones Dividend Stocks According to Hedge Funds

4. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110

UnitedHealth Group Incorporated (NYSE:UNH) is a Minnesota-based multinational managed healthcare and insurance company that offers related services to its consumers. In January, Deutsche Bank raised its price target on the stock to $617 with a Buy rating on the shares, following the company’s Q4 earnings.

UnitedHealth Group Incorporated (NYSE:UNH), one of the best dividend stocks, currently offers a quarterly dividend of $1.65 per share. The company has been making regular dividend payments to shareholders since 1990. As of March 29, the stock has a dividend yield of 1.40%.

At the end of Q4 2022, 110 hedge funds in Insider Monkey’s database owned stakes in UnitedHealth Group Incorporated (NYSE:UNH), the same as in the previous quarter. These stakes have a collective value of over $11.4 billion.

Ruane, Cunniff & Goldfarb mentioned UnitedHealth Group Incorporated (NYSE:UNH) in its Q4 2022 investor letter. Here is what the firm has to say:

“UnitedHealth Group Incorporated (NYSE:UNH) was among Sequoia’s best performing stocks this year, thanks to typically strong financial results and increased appreciation for the business’ relative insensitivity to the broader economy. For the full year 2022, United’s revenues and EPS are expected to be up approximately 13% and 17%, respectively. Versus 2019, the company’s revenues and EPS are expected to have compounded at annual rates of approximately 10% and 14%, respectively.

UnitedHealth Group may not be a particularly beloved company, but it is one of the more entrenched businesses we’ve come across. Managed care, in its various forms-commercial risk, commercial fee, Medicare Advantage, and managed Medicaid- is an utterly essential component of our healthcare system. And in managed care, no one is bigger, more diversified or better run than United. In addition to its managed care business, United owns and operates the country’s third largest pharmacy benefit manger and is also the single largest owner by a wide margin of non-hospital care assets, including physician practices, urgent care centers, and ambulatory surgical centers…” (Click here to read the full text)