UnitedHealth Group (UNH) is a diversified health care company that offers a vast array of products and services through two unique divisions UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. Optum has made multiple mostly smaller, technology-based deals. In June 2019, it paid $3.2 billion to acquire health care payments firm Equian and closed its $4.3 billion acquisition of DaVita Medical Group, a chain of medical practices. Over the prior 10 years, UnitedHealth stock maintained an average annual gain of better than 26%. Its $388 billion market capitalization is nearly five times that of Cignaor Anthemand six times the market cap of Humana. Word on Wall Street and a majority of analysts are backing the strong buy rating, they are suggesting an average price target is $462.81 and a high forecast of $515.00. At Owls Nest Capital we got in at under $400.00 a share ab=nd believe this is going to be one of our many long-term holdings. With a payout of $5.80 a share and a forward P/E of 21, we think that it's a good buy if you can get it under $400.00 per share.
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