Sigma Investment Counselors Inc. raised its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,083 shares of the healthcare conglomerate’s stock after buying an additional 60 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in UnitedHealth Group were worth $8,202,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. NorthCrest Asset Management LLC lifted its holdings in shares of UnitedHealth Group by 9.5% during the first quarter. NorthCrest Asset Management LLC now owns 518 shares of the healthcare conglomerate’s stock worth $264,000 after buying an additional 45 shares during the last quarter. Domani Wealth LLC increased its position in shares of UnitedHealth Group by 0.7% during the first quarter. Domani Wealth LLC now owns 3,542 shares of the healthcare conglomerate’s stock valued at $1,806,000 after purchasing an additional 25 shares during the period. Lincoln National Corp increased its position in shares of UnitedHealth Group by 15.1% during the fourth quarter. Lincoln National Corp now owns 8,951 shares of the healthcare conglomerate’s stock valued at $4,495,000 after purchasing an additional 1,174 shares during the period. Salvus Wealth Management LLC increased its position in shares of UnitedHealth Group by 23.5% during the first quarter. Salvus Wealth Management LLC now owns 782 shares of the healthcare conglomerate’s stock valued at $399,000 after purchasing an additional 149 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its position in shares of UnitedHealth Group by 1.8% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 15,296 shares of the healthcare conglomerate’s stock valued at $7,681,000 after purchasing an additional 272 shares during the period. Institutional investors own 87.48% of the company’s stock.
NYSE:UNH opened at $513.63 on Friday. UnitedHealth Group Incorporated has a 1-year low of $383.12 and a 1-year high of $553.29. The business’s 50-day moving average price is $492.84 and its two-hundred day moving average price is $492.36. 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 $481.87 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.54 and a beta of 0.83.
UnitedHealth Group (NYSE:UNH – Get Rating) last released its 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 return on equity of 24.74% and a net margin of 5.86%. The firm had revenue of $80.15 billion for the quarter, compared to analyst estimates of $78.77 billion. During the same quarter in the previous year, the firm posted $5.31 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts predict that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th were paid a $1.65 dividend. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $6.60 annualized dividend and a yield of 1.28%. UnitedHealth Group’s dividend payout ratio is currently 36.12%.
UNH has been the topic of a number of research reports. Credit Suisse Group boosted their price objective on UnitedHealth Group from $564.00 to $595.00 and gave the company an “outperform” rating in a research report on Monday, April 18th. Wells Fargo & Company lowered their price target on UnitedHealth Group from $613.00 to $612.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 25th. Morgan Stanley raised their price target on UnitedHealth Group from $570.00 to $577.00 and gave the company an “overweight” rating in a research report on Monday, April 18th. StockNews.com initiated coverage on UnitedHealth Group in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Oppenheimer raised their price target on UnitedHealth Group from $550.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday, April 18th. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, UnitedHealth Group has a consensus rating of “Moderate Buy” and an average target price of $555.73.
In other news, EVP Erin Mcsweeney sold 1,273 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $499.00, for a total transaction of $635,227.00. Following the sale, the executive vice president now owns 8,104 shares of the company’s stock, valued at $4,043,896. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard T. Burke sold 2,500 shares of the stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $478.96, for a total value of $1,197,400.00. Following the transaction, the director now owns 1,215,000 shares of the company’s stock, valued at $581,936,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,273 shares of company stock worth $3,065,752. 0.40% of the stock is currently owned by insiders.
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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