Park National Corp OH lowered its stake in shares of UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) by 15.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,201 shares of the healthcare conglomerate’s stock after selling 410 shares during the period. Park National Corp OH’s holdings in UnitedHealth Group were worth $ 1,122,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lincoln National Corp boosted its stake 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 acquiring an additional 1,174 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake 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 acquiring an additional 272 shares during the last quarter. Alexandria Capital LLC boosted its stake in shares of UnitedHealth Group by 3.5% during the third quarter. Alexandria Capital LLC now owns 17,100 shares of the healthcare conglomerate’s stock valued at $ 6,682,000 after acquiring an additional 584 shares during the last quarter. BOKF NA boosted its stake in shares of UnitedHealth Group by 3.0% during the fourth quarter. BOKF NA now owns 87,046 shares of the healthcare conglomerate’s stock valued at $ 43,709,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in UnitedHealth Group in the 4th quarter worth about $ 330,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction that occurred on 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 completion of the transaction, the director now owns 1,215,000 shares in the company, valued at approximately $ 581,936,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard T. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $ 511.14, for a total value of $ 2,044,560.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,000 shares of company stock valued at $ 6,001,485. Insiders own 0.40% of the company stock.
A number of analysts have issued reports on the company. Oppenheimer raised their price target on UnitedHealth Group from $ 550.00 to $ 600.00 and gave the stock an “outperform” rating in a research note on Monday, April 18th. Sanford C. Bernstein lowered UnitedHealth Group from an “outperform” rating to a “market perform” rating and set a $ 561.00 price target on the stock. in a research note on Thursday, May 26th. They noted that the move was a valuation call. Morgan Stanley raised their price target on UnitedHealth Group from $ 570.00 to $ 577.00 and gave the stock an “overweight” rating in a report on Monday, April 18th. StockNews.com initiated coverage on UnitedHealth Group in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Raymond James raised their price target on UnitedHealth Group from $ 540.00 to $ 620.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 19th. Three equities research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 555.73.
Shares of NYSE UNH opened at $ 452.06 on Friday. UnitedHealth Group Incorporated has a fifty-two week low of $ 383.12 and a fifty-two week high of $ 553.29. The business has a 50 day moving average price of $ 500.28 and a two-hundred day moving average price of $ 490.61. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The firm has a market cap of $ 424.11 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83.
UnitedHealth Group (NYSE: UNH – Get Rating) last issued its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $ 5.49 earnings per share for the quarter, beating analysts’ consensus estimates of $ 5.40 by $ 0.09. The firm had revenue of $ 80.15 billion during the quarter, compared to analyst estimates of $ 78.77 billion. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. UnitedHealth Group’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $ 5.31 EPS. On average, analysts anticipate that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th will be given a $ 1.65 dividend. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $ 1.45. The ex-dividend date is Thursday, June 16th. This represents a $ 6.60 annualized dividend and a dividend yield of 1.46%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 36.12%.
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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