Carret Asset Management LLC grew its position in shares of UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) by 5.0% in the first quarter, HoldingsChannel reports. The firm owned 6,604 shares of the healthcare conglomerate’s stock after buying an additional 316 shares during the quarter. Carret Asset Management LLC’s holdings in UnitedHealth Group were worth $ 3,368,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of UNH. Outfitter Financial LLC purchased a new position in UnitedHealth Group in the fourth quarter worth about $ 25,000. Blue Bell Private Wealth Management LLC purchased a new position in UnitedHealth Group in the fourth quarter worth about $ 29,000. Advocacy Wealth Management Services LLC grew its position in UnitedHealth Group by 75.8% in the first quarter. Advocacy Wealth Management Services LLC now owns 58 shares of the healthcare conglomerate’s stock worth $ 30,000 after acquiring an additional 25 shares in the last quarter. Cascade Investment Advisors Inc. grew its position in UnitedHealth Group by 100.0% in the first quarter. Cascade Investment Advisors Inc. now owns 60 shares of the healthcare conglomerate’s stock worth $ 31,000 after acquiring an additional 30 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted 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 valued at $ 33,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 87.48% of the company stock.
In other news, Director Richard T. Burke sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $ 478.96, for a total value of $ 1,197,400.00. Following the completion of the sale, the director now owns 1,215,000 shares of the company stock, valued at approximately $ 581,936,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick William Mcnabb III purchased 89 shares of the company stock in a transaction dated Thursday, May 26th. The stock was purchased at an average cost of $ 504.32 per share, with a total value of $ 44,884.48. Following the purchase, the director now owns 11,259 shares in the company, valued at $ 5,678,138.88. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
Shares of UnitedHealth Group stock opened at $ 489.68 on Thursday. UnitedHealth Group Incorporated has a fifty-two week low of $ 383.12 and a fifty-two week high of $ 553.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50-day simple moving average of $ 496.56 and a two-hundred day simple moving average of $ 490.86. The company has a market cap of $ 459.40 billion, a P / E ratio of 26.80, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83.
UnitedHealth Group (NYSE: UNH – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The healthcare conglomerate reported $ 5.49 earnings per share for the quarter, topping the estimate consensus of $ 5.40 by $ 0.09. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. 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 prior year, the firm earned $ 5.31 EPS. The company revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts forecast that UnitedHealth Group Incorporated will post 21.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be given a dividend of $ 1.65 per share. This represents a $ 6.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 16th. This is an increase from UnitedHealth Group’s previous quarterly dividend of $ 1.45. UnitedHealth Group’s dividend payout ratio is 36.12%.
UNH has been the subject of several recent analyst reports. Oppenheimer boosted their target price on UnitedHealth Group from $ 550.00 to $ 600.00 and gave the company an “outperform” rating in a research report on Monday, April 18th. Sanford C. Bernstein downgraded shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and set a $ 561.00 objective price for the company. in a research note on Thursday, May 26th. They noted that the move was a valuation call. Truist Financial lifted their price target on shares of UnitedHealth Group from $ 575.00 to $ 610.00 in a report on Thursday, April 7th. Wells Fargo & Company cut their price target on shares of UnitedHealth Group from $ 613.00 to $ 612.00 and set an “overweight” rating on the stock in a report on Wednesday, May 25th. Finally, Raymond James boosted their price target on shares of UnitedHealth Group from $ 540.00 to $ 620.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 19th. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $ 555.73.
About UnitedHealth Group: (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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