5 Most Undervalued Blue Chip Stocks to Buy According to Hedge Funds

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In this piece, we will take a look at the five most undervalued blue chip stocks to buy according to hedge funds. If you want to take a look at what makes a stock ‘blue chip’, then check out 12 Most Undervalued Blue Chip Stocks To Buy According To Hedge Funds.

5. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Investors In Q2 2023: 111

Share Price Upside: 16%

UnitedHealth Group Incorporated (NYSE:UNH) is a healthcare benefits provider. The firm’s customers are currently facing some troubles, as one of South Carolina’s largest healthcare providers recently informed customers that UnitedHealth Group Incorporated (NYSE:UNH) will no longer provide coverage.

As of Q2 2023 end, 111 of the 910 hedge funds part of Insider Monkey’s database had invested in UnitedHealth Group Incorporated (NYSE:UNH). Out of these, the firm’s largest investor is Rajiv Jain’s GQG Partners since it owns 4.8 million shares that are worth $2.3 billion.

Follow Unitedhealth Group Inc (NYSE:UNH)

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