Carnegie Capital Asset Management LLC boosted its stake in shares of UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,524 shares of the healthcare conglomerate’s stock after buying an additional 487 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in UnitedHealth Group were worth $ 7,407,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Outfitter Financial LLC purchased a new stake in UnitedHealth Group during the fourth quarter valued at about $ 25,000. Blue Bell Private Wealth Management LLC purchased a new stake in UnitedHealth Group during the fourth quarter valued at about $ 29,000. Advocacy Wealth Management Services LLC lifted its holdings in UnitedHealth Group by 75.8% during the first quarter. Advocacy Wealth Management Services LLC now owns 58 shares of the healthcare conglomerate’s stock valued at $ 30,000 after purchasing an additional 25 shares during the last quarter. Cascade Investment Advisors Inc. lifted its holdings in UnitedHealth Group by 100.0% during the first quarter. Cascade Investment Advisors Inc. now owns 60 shares of the healthcare conglomerate’s stock valued at $ 31,000 after purchasing an additional 30 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in UnitedHealth Group by 54.8% during the fourth quarter. Tortoise Investment Management LLC now owns 65 shares of the healthcare conglomerate’s stock valued at $ 33,000 after purchasing an additional 23 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Richard T. Burke sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $ 508.80, for a total transaction of $ 1,526,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick William Mcnabb III acquired 89 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, May 26th. The stock was acquired at an average price of $ 504.32 per share, with a total value of $ 44,884.48. Following the completion of the acquisition, the director now directly owns 11,259 shares in the company, valued at approximately $ 5,678,138.88. The disclosure for this purchase can be found here. Insiders have sold 8,000 shares of company stock valued at $ 3,956,925 over the last 90 days. Corporate insiders own 0.40% of the company stock.
UNH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of UnitedHealth Group from $ 482.00 to $ 549.00 and gave the stock a “buy” rating in a report on Monday, April 18th. StockNews.com initiated coverage on shares of UnitedHealth Group in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. SVB Leerink increased their price target on shares of UnitedHealth Group from $ 550.00 to $ 600.00 and gave the company an “outperform” rating in a research report on Tuesday, April 19th. Cowen increased their price target on shares of UnitedHealth Group from $ 512.00 to $ 596.00 in a research report on Monday, April 18th. Finally, Sanford C. Bernstein lowered UnitedHealth Group from an “outperform” rating to a “market perform” rating and set a $ 561.00 price target for the company. in a research note on Thursday, May 26th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, UnitedHealth Group presently has an average rating of “Moderate Buy” and an average price target of $ 555.73.
Shares of UnitedHealth Group stock opened at $ 480.32 on Wednesday. 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 $ 450.62 billion, a P / E ratio of 26.29, a P / E / G ratio of 1.41 and a beta of 0.83. The business has a fifty day simple moving average of $ 497.50 and a two-hundred day simple moving average of $ 490.87. 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 announced its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $ 5.49 EPS for the quarter, beating the consensus estimate of $ 5.40 by $ 0.09. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. The business had revenue of $ 80.15 billion during the quarter, compared to analyst estimates of $ 78.77 billion. During the same quarter last year, the firm posted $ 5.31 earnings per share. The company revenue for the quarter was up 14.2% on a year-over-year basis. Analysts predict that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th will be issued a dividend of $ 1.65 per share. 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. This represents a $ 6.60 annualized dividend and a dividend yield of 1.37%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 36.12%.
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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