In this article, we discuss 5 stocks to buy according to Peter Simmie’s Bristol Gate Capital. If you want to read our detailed analysis of Simmie’s history and hedge fund performance, go directly to 10 Stocks to Buy According to Peter Simmie’s Bristol Gate Capital.
5. UnitedHealth Group Incorporated (NYSE:UNH)
Bristol Gate Capital Stake Value: $112,284,000
Percentage Bristol Gate Capital’s 13F Portfolio: 5.04%
Number of Hedge Fund Holders: 96
UnitedHealth Group Incorporated (NYSE:UNH) is a health insurance company that provides health benefit plans and services to private and public sector enterprises as well as individuals. The company also deals in Medicare programmes and prescription drug coverage. Rajiv Jain’s GQG Partners is the leading shareholder of UnitedHealth Group Incorporated (NYSE:UNH), with 3.85 million shares worth $1.93 billion.
Whit Mayo, an analyst at SVB Leerink, boosted his price objective on UnitedHealth Group Incorporated (NYSE:UNH) to $550 from $480 on January 26 and maintained an Outperform rating on the stock. The analyst stated that the fourth-quarter results were substantially in line with expectations.
Peter Simmie started building his position in UnitedHealth Group Incorporated (NYSE:UNH) back in Q4 2015. The investment fund also bolstered its position in UnitedHealth Group Incorporated (NYSE:UNH) in the fourth quarter of 2021, by buying 1,286 additional shares. This makes their stake in UnitedHealth Group Incorporated (NYSE:UNH) total 223,611 shares worth $112.28 million.
Third Point Management, in its Q3 2021 investor letter, mentioned UnitedHealth Group Incorporated (NYSE:UNH). Here is what the fund has to say:
“UnitedHealth is one of the largest healthcare companies in the world and a market leader in both its insurance and healthcare services (Optum) businesses. We initiated our position during the 2020 Presidential election at a time of heightened political and regulatory uncertainty.
We believe under its new CEO, Andrew Witty, UnitedHealth can not only preserve its market dominance and sustain industry-leading growth rates across most of its key segments but also enter new healthcare services markets. Witty is known as a mission-driven CEO who clearly articulates his view that providing high-quality, affordable health care services is a social good. He receives consistently high marks from former colleagues, and we believe that his leadership approach will ballast and even strengthen UNH’s already impressive management and employee ranks. The insurance and services businesses are synergistic and complementary, which entrenches United’s critical role in care financing, access, and management. This dynamic gives us confidence in the durability of United’s market leadership…” (Click here to see the full text)
