UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Stack Financial Management Inc

by · The Cerbat Gem

Stack Financial Management Inc boosted its position in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,039 shares of the healthcare conglomerate’s stock after purchasing an additional 283 shares during the quarter. UnitedHealth Group comprises about 3.1% of Stack Financial Management Inc’s holdings, making the stock its 8th largest position. Stack Financial Management Inc’s holdings in UnitedHealth Group were worth $26,238,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UNH. Robbins Farley purchased a new stake in UnitedHealth Group in the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of UnitedHealth Group in the first quarter valued at $35,000. Annapolis Financial Services LLC boosted its stake in UnitedHealth Group by 38.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 79 shares of the healthcare conglomerate’s stock worth $40,000 after buying an additional 22 shares during the last quarter. WFA of San Diego LLC acquired a new position in shares of UnitedHealth Group during the 2nd quarter valued at about $39,000. Finally, RVW Wealth LLC acquired a new stake in shares of UnitedHealth Group in the third quarter worth approximately $44,000. 85.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UnitedHealth Group

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

UnitedHealth Group Stock Performance

Shares of NYSE UNH traded up $6.73 during trading on Monday, reaching $510.29. The stock had a trading volume of 3,003,890 shares, compared to its average volume of 3,763,841. The firm’s 50 day moving average price is $534.95 and its two-hundred day moving average price is $515.13. UnitedHealth Group Incorporated has a one year low of $445.68 and a one year high of $554.70. The stock has a market cap of $471.98 billion, a PE ratio of 21.12, a P/E/G ratio of 1.37 and a beta of 0.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.79.

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

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were paid a dividend of $1.88 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $7.52 dividend on an annualized basis and a yield of 1.47%. UnitedHealth Group’s payout ratio is currently 31.54%.

Analyst Ratings Changes

UNH has been the topic of a number of recent analyst reports. HSBC reaffirmed a “reduce” rating and set a $480.00 price target (down previously from $550.00) on shares of UnitedHealth Group in a research note on Monday, December 18th. Royal Bank of Canada restated an “outperform” rating and set a $596.00 target price on shares of UnitedHealth Group in a report on Tuesday, January 16th. Jefferies Financial Group cut their price objective on UnitedHealth Group from $565.00 to $503.00 and set a “hold” rating on the stock in a research report on Monday, November 20th. Oppenheimer reiterated an “outperform” rating and set a $610.00 target price on shares of UnitedHealth Group in a report on Wednesday, January 17th. Finally, Piper Sandler lowered their price objective on shares of UnitedHealth Group from $584.00 to $581.00 and set an “overweight” rating for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $575.79.

View 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.

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