First International Bank & Trust bought a new position in shares of UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 848 shares of the healthcare conglomerate’s stock, valued at approximately $ 426,000.
Other large investors have also added to or reduced their stakes in the company. Outfitter Financial LLC bought a new stake in shares of UnitedHealth Group during the fourth quarter worth $ 25,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of UnitedHealth Group during the fourth quarter worth $ 29,000. Tortoise Investment Management LLC lifted its position in shares of UnitedHealth Group by 54.8% during the fourth quarter. Tortoise Investment Management LLC now owns 65 shares of the healthcare conglomerate’s stock worth $ 33,000 after purchasing an additional 23 shares during the last quarter. Leverty Financial Group LLC purchased a new position in shares of UnitedHealth Group during the fourth quarter valued at $ 34,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in shares of UnitedHealth Group by 55.6% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 70 shares of the healthcare conglomerate’s stock valued at $ 35,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 87.48% of the company stock.
UnitedHealth Group stock opened at $ 452.06 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. UnitedHealth Group Incorporated has a 52 week low of $ 383.12 and a 52 week high of $ 553.29. The company has a market capitalization of $ 424.11 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83. The stock has a 50-day moving average price of $ 500.28 and a 200 day moving average price of $ 490.61.
UnitedHealth Group (NYSE: UNH – Get Rating) last released its earnings results on Thursday, April 14th. The healthcare conglomerate reported $ 5.49 EPS for the quarter, topping analysts’ consensus estimates of $ 5.40 by $ 0.09. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. The firm had revenue of $ 80.15 billion during the quarter, compared to the consensus estimate of $ 78.77 billion. During the same quarter in the previous year, the company posted $ 5.31 earnings per share. The company revenue was up 14.2% compared to the same quarter last year. Research analysts anticipate that UnitedHealth Group Incorporated will post 21.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th will be issued a $ 1.65 dividend. The ex-dividend date is Thursday, June 16th. This is an increase from UnitedHealth Group’s previous quarterly dividend of $ 1.45. This represents a $ 6.60 dividend on an annualized basis and a yield of 1.46%. UnitedHealth Group’s payout ratio is presently 36.12%.
In other news, Director Frederick William Mcnabb III purchased 89 shares of the company stock in a transaction that occurred on Thursday, May 26th. The stock was purchased at an average cost of $ 504.32 per share, for a total transaction of $ 44,884.48. Following the completion of the transaction, the director now owns 11,259 shares of the company stock, valued at $ 5,678,138.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $ 511.14, for a total value of $ 2,044,560.00. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock valued at $ 6,001,485 over the last 90 days. Company insiders own 0.40% of the company stock.
UNH has been the topic of several research reports. StockNews.com initiated coverage on UnitedHealth Group in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price target on UnitedHealth Group from $ 482.00 to $ 549.00 and gave the company a “buy” rating in a research note on Monday, April 18th. Morgan Stanley lifted their target price on UnitedHealth Group from $ 570.00 to $ 577.00 and gave the company an “overweight” rating in a research note on Monday, April 18th. Wells Fargo & Company cut their target price on UnitedHealth Group from $ 613.00 to $ 612.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 25th. Finally, Loop Capital assumed coverage on UnitedHealth Group in a research note on Thursday. They issued a “buy” rating and a $ 575.00 target price on the stock. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $ 555.73.
UnitedHealth Group Profile: (Get Rating)
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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 well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children’s health insurance and health care programs; health and dental benefits; and hospital and clinical services.
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