Executive Wealth Management LLC trimmed its holdings in UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) by 14.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,548 shares of the healthcare conglomerate’s stock after selling 2,517 shares during the period. Executive Wealth Management LLC’s holdings in UnitedHealth Group were worth $ 7,419,000 as of its most recent filing with the Securities and Exchange Commission.
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 worth about $ 25,000. Blue Bell Private Wealth Management LLC bought a new stake in UnitedHealth Group during the fourth quarter valued at approximately $ 29,000. Advocacy Wealth Management Services LLC lifted its position 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 position 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 shares of UnitedHealth Group by 54.8% in the 4th quarter. Tortoise Investment Management LLC now owns 65 shares of the healthcare conglomerate’s stock worth $ 33,000 after acquiring an additional 23 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
UNH has been the topic of several analyst reports. Sanford C. Bernstein downgraded shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and set a $ 561.00 target price on the stock. in a research note on Thursday, May 26th. They noted that the move was a valuation call. StockNews.com initiated coverage on shares of UnitedHealth Group in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Barclays increased their target price on shares of UnitedHealth Group from $ 495.00 to $ 565.00 and gave the stock an “overweight” rating in a report on Wednesday, March 30th. Royal Bank of Canada set a $ 563.00 price target on shares of UnitedHealth Group and gave the company an “outperform” rating in a report on Monday, April 18th. Finally, BMO Capital Markets lifted their target price on UnitedHealth Group from $ 510.00 to $ 600.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 19th. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, UnitedHealth Group currently has an average rating of “Moderate Buy” and a consensus target price of $ 555.73.
In other news, Director Frederick William Mcnabb III bought 89 shares of UnitedHealth Group stock in a transaction on Thursday, May 26th. The shares were bought at an average cost of $ 504.32 per share, with a total value of $ 44,884.48. Following the completion of the purchase, the director now directly owns 11,259 shares of the company stock, valued at $ 5,678,138.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $ 478.96, for a total transaction of $ 1,197,400.00. Following the transaction, the director now directly owns 1,215,000 shares in the company, valued at $ 581,936,400. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
Shares of UNH opened at $ 489.68 on Thursday. The company has a 50 day moving average of $ 496.56 and a two-hundred day moving average of $ 490.86. The company has a market cap of $ 459.40 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. UnitedHealth Group Incorporated has a twelve month low of $ 383.12 and a twelve month high of $ 553.29. 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 (NYSE: UNH – Get Rating) last posted its quarterly earnings results on Thursday, April 14th. The healthcare conglomerate reported $ 5.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 5.40 by $ 0.09. The business had revenue of $ 80.15 billion during the quarter, compared to analysts’ expectations of $ 78.77 billion. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $ 5.31 earnings per share. On average, sell-side analysts expect that UnitedHealth Group Incorporated will post 21.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be issued 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 a boost from UnitedHealth Group’s previous quarterly dividend of $ 1.45. UnitedHealth Group’s dividend payout ratio (DPR) is 36.12%.
UnitedHealth Group Company 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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