Anthony Scaramucci's Hedge Fund Trade Of The Week: UnitedHealth Group Inc. (UNH)

On CNBC's Fast Money, Anthony Scaramucci said that this week's hedge fund trade of the week is UnitedHealth Group Inc. UNH. He said that this stock is owned by many classical value investing managers, and he named John Hussman, George Soros and David Tepper as the managers that have a position in UNH. Omega and Maverick also own this stock. UnitedHealth Group (UNH) has a market cap of $42.9 billion, said Anthony Scaramucci, and added that it trades at 9 and 11 times earnings, respectively this, and next year. It has been punished because it is in Obama's health care environment, explained Mr. Scaramucci, but he believes that UNH will be able to improve its profitability in 2011, and 2012. He expects a pick up in UNH's service business. Anthony Scaramucci thinks that we will see some near term volatility for UnitedHealth Group (UNH), but his price target for this stock is $48 - $50. It closed today 1.64% higher, at $39.08.