Retirement Stock Portfolio: 5 Safe Healthcare Stocks to Consider

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110

United Group Incorporated (NYSE:UNH) operates as a diversified health care company in the United States. It is one of the elite healthcare stocks for a retirement stock portfolio. On October 14, UnitedHealth Group said it had made a profit of $5.2 billion in the third quarter on a strong performance of its Optum and UnitedHealth plans. On October 27, the company expanded its individual and family plan footprint in the health insurance marketplace by offering affordable benefits in 22 states for 2023.  

On October 18, Deutsche Bank analyst George Hill maintained a Buy rating on UnitedHealth Group Incorporated (NYSE:UNH) stock and raised the price target to $615 from $569, noting that company posted solid third quarter results on broad-based strength as membership growth remains robust and value based arrangements continue to expand.

At the end of the third quarter of 2022, 110 hedge funds in the database of Insider Monkey held stakes worth $10.3 billion in United Group Incorporated (NYSE:UNH), compared to 91 in the preceding quarter worth $10.1 billion. 

In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and United Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“UnitedHealth Group Incorporated (NYSE:UNH) reported solid quarterly results and raised 2022 guidance modestly. Additionally, managed care is another industry that is viewed as defensive in the current environment, which helped support UnitedHealth and its peer group.”