5 Best Dow Stocks To Buy Now

In this article, we discuss the 5 best Dow stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to 15 Best Dow Stocks To Buy Now. 

5. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 104 

UnitedHealth Group Incorporated (NYSE:UNH) operates as a diversified healthcare firm. In late October, investment advisory Mizuho maintained a Buy rating on UnitedHealth Group Incorporated (NYSE:UNH) stock and raised the price target to $584 from $549. 

At the end of the third quarter of 2023, 104 hedge funds in the database of Insider Monkey held stakes worth $10.9 billion in UnitedHealth Group Incorporated (NYSE:UNH), compared to 111 in the preceding quarter worth $10.1 billion. 

In its Q3 2023 investor letter, Madison Investments, an asset management firm, highlighted a few stocks and UnitedHealth Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“The top contributors in the quarter were Eli Lilly, Jacobs, Alphabet, Costco, and UnitedHealth Group Incorporated (NYSE:UNH). UnitedHealth responded well to a solid second quarter, with a better medical loss ratio driving the better-than-expected results. Additionally, UNH modestly raised guidance for the full year.

We updated the sustainable scorecard for UnitedHealth Group. The company continues to have Above Average Corporate Governance with a clear policy on separating the roles of the Chair of the Board and the CEO. We also rate the company Above Average on Social factors due to its clear cybersecurity, privacy, and data governance policies. The company continues to diversify its top management positions, where 40% of top management positions are held by women, up from 37% in 2020. We reduced our Environment rating to Average from Above Average as the company has significantly expanded its footprint in the last few years by acquiring local providers. The company is at the beginning of its journey to source renewable electricity for 100% of its operations by 2030.”