#3 - UnitedHealth Group (NYSE:UNH)
If pet wellness isn’t your thing, maybe you’ll be interested in human wellness. Health care stocks are generally good defensive stocks. With that in mind, my choice for this sector is UnitedHealth Group (NYSE: UNH).
It’s no secret that health insurance stocks dropped during the pandemic. For example, non-essential surgeries were postponed. That recovery is coming back strongly. And temporarily, the higher costs are eating into UnitedHealth’s profits.
If you’re part of the “what have you done for me lately?” crowd, UnitedHealth just reported a double beat when they reported earnings in July. And it also recently entered into a partnership with Peloton (NASDAQ: PTON) in which Peloton will provide free year-long access to Peloton classes for all eligible members.
UNH stock is up about 18% in 2021 which is slightly outpacing the S&P 500 Index. And a dividend of 1.4% is not that impressive, but it currently outpaces a 10-year Treasury note.
About UnitedHealth Group
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.
Read More - Current Price
- $493.05
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $570.05 (15.6% Upside)
