Jim Cramer Shares Thoughts On Big Tech As Part Of These 12 Stocks

6. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders In Q4 2024: 150

UnitedHealth Group Incorporated (NYSE:UNH) is the largest healthcare benefits manager in America. The firm roiled markets in May as its shares dipped by 18% after it missed first-quarter earnings and reduced its guidance. The shares traded close to five-year lows after a report that the firm was being investigated. Cramer’s previous remarks shed light on insider purchases and maintained that if there was an investigation then the stock purchases wouldn’t occur. He reiterated the sentiment in his latest comments about UnitedHealth Group Incorporated (NYSE:UNH):

“People sell things for many reasons, right. They get divorced, I don’t know about that. They get maybe something happens in their family, they need money. But David, why do they buy? Sometimes they buy because there’s a bargain. Now typically these insiders, maybe they buy like 1500 shares. Well how about if you bought, you’re Stephen Hemsley, returning CEO, who acquired 86,000 shares at 288. That’s pretty, you know 25 mil.

“And then, Kristen Gil, director, what, 3700 shares. Timothy Patrick, director, 1553. The CFO, come right in, the CFO’s in there buying the heck out of it too. 5 million. So I just say to myself, if they really knew, like the Journal says that they’re being investigated criminally, that’s a very big buy that would obviously go away.

“Absolutely, but remember it is a fine company. I don’t think the franchise, unless it’s indicted, is going to go away. So let’s just say [inaudible] I was convinced that maybe we’re too negative. At the 300 level.”