UnitedHealth Group Incorporated (NYSE:UNH) Shares Acquired by Sonora Investment Management Group LLC

by · The Cerbat Gem

Sonora Investment Management Group LLC lifted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,381 shares of the healthcare conglomerate’s stock after buying an additional 431 shares during the period. Sonora Investment Management Group LLC’s holdings in UnitedHealth Group were worth $10,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kraft Davis & Associates LLC increased its stake in UnitedHealth Group by 3.4% during the 3rd quarter. Kraft Davis & Associates LLC now owns 577 shares of the healthcare conglomerate’s stock worth $294,000 after buying an additional 19 shares during the period. Iron Horse Wealth Management LLC increased its stake in UnitedHealth Group by 1.6% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 1,217 shares of the healthcare conglomerate’s stock worth $614,000 after buying an additional 19 shares during the period. Secure Asset Management LLC increased its stake in UnitedHealth Group by 0.8% during the 3rd quarter. Secure Asset Management LLC now owns 2,456 shares of the healthcare conglomerate’s stock worth $1,238,000 after buying an additional 19 shares during the period. Bensler LLC increased its position in shares of UnitedHealth Group by 0.3% in the 3rd quarter. Bensler LLC now owns 7,293 shares of the healthcare conglomerate’s stock worth $3,677,000 after purchasing an additional 19 shares during the last quarter. Finally, Zullo Investment Group Inc. grew its position in shares of UnitedHealth Group by 0.7% during the 2nd quarter. Zullo Investment Group Inc. now owns 3,001 shares of the healthcare conglomerate’s stock valued at $1,443,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen J. Hemsley sold 66,081 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $550.39, for a total transaction of $36,370,321.59. Following the completion of the sale, the director now owns 635,528 shares in the company, valued at approximately $349,788,255.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

UnitedHealth Group Price Performance

Shares of UnitedHealth Group stock opened at $502.24 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.79. The firm’s 50-day simple moving average is $534.95 and its 200-day simple moving average is $514.57. UnitedHealth Group Incorporated has a twelve month low of $445.68 and a twelve month high of $554.70. The firm has a market cap of $464.53 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.40 and a beta of 0.56.

UnitedHealth Group (NYSE:UNH – Get Free Report) last issued its earnings results on Friday, January 12th. The healthcare conglomerate reported $6.16 earnings per share for the quarter, beating the consensus estimate of $5.98 by $0.18. UnitedHealth Group had a net margin of 6.02% and a return on equity of 26.39%. The business had revenue of $94.43 billion for the quarter, compared to analyst estimates of $92.13 billion. During the same period in the previous year, the business earned $5.34 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. As a group, research analysts expect that UnitedHealth Group Incorporated will post 27.85 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, December 4th were paid a $1.88 dividend. This represents a $7.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, December 1st. UnitedHealth Group’s dividend payout ratio is presently 31.54%.

Wall Street Analysts Forecast Growth

UNH has been the subject of a number of analyst reports. Stephens reduced their target price on shares of UnitedHealth Group from $615.00 to $605.00 and set an “overweight” rating for the company in a research note on Tuesday. Cantor Fitzgerald restated an “overweight” rating and set a $591.00 price target on shares of UnitedHealth Group in a report on Friday. UBS Group upgraded shares of UnitedHealth Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $520.00 to $640.00 in a report on Monday, October 16th. HSBC restated a “reduce” rating and set a $480.00 price target (down previously from $550.00) on shares of UnitedHealth Group in a report on Monday, December 18th. Finally, Morgan Stanley dropped their price objective on shares of UnitedHealth Group from $587.00 to $579.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $575.79.

Read Our Latest Stock Report on UNH

UnitedHealth Group Company Profile

(Free Report)

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 health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

Further Reading

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