Apella Capital LLC boosted its position in UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) by 12.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476 shares of the healthcare conglomerate’s stock after purchasing an additional 52 shares during the quarter. Apella Capital LLC’s holdings in UnitedHealth Group were worth $ 243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Palisades Hudson Asset Management LP boosted its position in UnitedHealth Group by 2.0% during the 4th quarter. Palisades Hudson Asset Management LP now owns 1,078 shares of the healthcare conglomerate’s stock valued at $ 542,000 after buying an additional 21 shares during the period. Charter Oak Capital Management LLC boosted its position in UnitedHealth Group by 2.4% during the 4th quarter. Charter Oak Capital Management LLC now owns 881 shares of the healthcare conglomerate’s stock valued at $ 442,000 after buying an additional 21 shares during the period. Oxford Financial Group Ltd. boosted its position in UnitedHealth Group by 3.0% during the 4th quarter. Oxford Financial Group Ltd. now owns 720 shares of the healthcare conglomerate’s stock valued at $ 362,000 after buying an additional 21 shares during the period. Donald L. Hagan LLC boosted its position in UnitedHealth Group by 1.2% during the 4th quarter. Donald L. Hagan LLC now owns 1,854 shares of the healthcare conglomerate’s stock valued at $ 931,000 after buying an additional 22 shares during the period. Finally, Guardian Wealth Advisors LLC boosted its position in UnitedHealth Group by 2.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,075 shares of the healthcare conglomerate’s stock valued at $ 540,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds own 87.48% of the company stock.
Shares of NYSE UNH opened at $ 452.06 on Tuesday. The firm has a 50 day moving average of $ 498.57 and a 200 day moving average of $ 490.94. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $ 424.11 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. UnitedHealth Group Incorporated has a 12-month low of $ 383.12 and a 12-month high of $ 553.29.
UnitedHealth Group (NYSE: UNH – Get Rating) last issued its quarterly earnings results on Thursday, April 14th. The healthcare conglomerate reported $ 5.49 earnings per share for the quarter, beating the consensus estimate of $ 5.40 by $ 0.09. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The business had revenue of $ 80.15 billion for the quarter, compared to the consensus estimate of $ 78.77 billion. During the same quarter in the previous year, the firm earned $ 5.31 earnings per share. The company revenue for the quarter was up 14.2% on a year-over-year basis. Sell-side analysts predict that UnitedHealth Group Incorporated will post 21.75 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th will be issued a $ 1.65 dividend. This represents a $ 6.60 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, June 16th. This is an increase from UnitedHealth Group’s previous quarterly dividend of $ 1.45. UnitedHealth Group’s payout ratio is 36.12%.
In related news, Director Richard T. Burke sold 3,000 shares of the business’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $ 508.80, for a total value of $ 1,526,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Burke sold 2,500 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 493.25, for a total transaction of $ 1,233,125.00. Following the completion of the sale, the director now owns 1,220,000 shares in the company, valued at approximately $ 601,765,000. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock worth $ 3,956,925 in the last three months. Insiders own 0.40% of the company stock.
UNH has been the subject of several research analyst reports. BMO Capital Markets raised their target price on shares of UnitedHealth Group from $ 510.00 to $ 600.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 19th. Truist Financial raised their target price on shares of UnitedHealth Group from $ 575.00 to $ 610.00 in a research report on Thursday, April 7th. Wells Fargo & Company lowered their price target on shares of UnitedHealth Group from $ 613.00 to $ 612.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. Royal Bank of Canada set a $ 563.00 price target on shares of UnitedHealth Group and gave the company an “outperform” rating in a research report on Monday, April 18th. Finally, Cowen lifted their price target on shares of UnitedHealth Group from $ 512.00 to $ 596.00 in a research report on Monday, April 18th. Three research 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 company stock. According to data from MarketBeat, UnitedHealth Group has a consensus rating of “Buy” and a consensus target price 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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