5 Best Stocks to Buy Now According to Billionaire Jeffrey Talpins

03. UnitedHealth Group Incorporated (NYSE:UNH)

Element Capital’s Stake Value: $7.849 million

Percentage of  Element Capital’s 13F portfolio: 3.93%

Number of  Hedge Fund Holders: 91

UnitedHealth Group Incorporated (NYSE:UNH), a global managed healthcare and insurance corporation with operations in Minnetonka, Minnesota, was established in 1977. Jeffrey Talpins’s Element Capital’s portfolio had 15,281 shares of UnitedHealth Group Incorporated (NYSE:UNH) at the end of June 2022, worth $7.849 million, representing 3.93% of the total holdings. In the second quarter of 2022, 91 of the hedge funds monitored by Insider Monkey were long UnitedHealth Group Incorporated (NYSE:UNH), down from 103 funds in the prior quarter. With 3.11 million shares worth $1.60 billion, Rajiv Jain’s GQG Partners is UnitedHealth Group Incorporated’s (NYSE:UNH) largest shareholder.

On September 22, Raymond James analyst John Ransom maintained a Strong Buy rating and increased his price target for the stock from $620 to $635. Ransom informs investors in a research note that the court supervising the UnitedHealth/Change Healthcare (CHNG) trial with the DOJ will permit the deal to go forward, putting an end to a 21-month conflict between UnitedHealth and authorities. Even though there is a slight chance of an appeal and additional delay, the deal is anticipated to close within 10 days of the judge’s ruling, adds Ransom.

Baron Funds, an asset management firm, mentioned UnitedHealth Group Incorporated (NYSE:UNH) in its second quarter 2022 investor letter. Here is what the fund said:

“UnitedHealth Group Incorporated is a leading diversified health and wellbeing company whose divisions include insurance arm, United Healthcare and health care services arm, Optum, which offers care delivery and other services. Shares increased 1.1% on strong first quarter results (revenues were up 14% year-over-year), and the company increased its annual guidance.

The performance was driven by Optum as a result of a growing adoption of value-based solutions. We believe UnitedHealth leads the health care industry in innovation and execution as evidenced by its strong value proposition leading to Medicare Advantage share gains, strong cost controls, and its leadership position in the shift to value-based care.”