Alpha Family Trust Acquires 150 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

by · The Cerbat Gem

Alpha Family Trust boosted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,970 shares of the healthcare conglomerate’s stock after buying an additional 150 shares during the quarter. UnitedHealth Group makes up 0.8% of Alpha Family Trust’s portfolio, making the stock its 21st largest position. Alpha Family Trust’s holdings in UnitedHealth Group were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNH. Forbes J M & Co. LLP raised its holdings in shares of UnitedHealth Group by 1.3% in the 3rd quarter. Forbes J M & Co. LLP now owns 18,484 shares of the healthcare conglomerate’s stock valued at $9,319,000 after purchasing an additional 240 shares in the last quarter. California Public Employees Retirement System grew its position in shares of UnitedHealth Group by 8.0% in the 3rd quarter. California Public Employees Retirement System now owns 2,275,164 shares of the healthcare conglomerate’s stock worth $1,147,115,000 after buying an additional 169,185 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of UnitedHealth Group by 8.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 25,471 shares of the healthcare conglomerate’s stock worth $12,842,000 after buying an additional 1,982 shares during the last quarter. Oak Hill Wealth Advisors LLC grew its position in shares of UnitedHealth Group by 1.0% in the 3rd quarter. Oak Hill Wealth Advisors LLC now owns 2,945 shares of the healthcare conglomerate’s stock worth $1,485,000 after buying an additional 30 shares during the last quarter. Finally, MRP Capital Investments LLC grew its position in shares of UnitedHealth Group by 134.9% in the 3rd quarter. MRP Capital Investments LLC now owns 6,575 shares of the healthcare conglomerate’s stock worth $3,452,000 after buying an additional 3,776 shares during the last quarter. Institutional investors own 85.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on UNH. Piper Sandler dropped their target price on shares of UnitedHealth Group from $584.00 to $581.00 and set an “overweight” rating on the stock in a research report on Wednesday. Oppenheimer reissued an “outperform” rating and set a $610.00 target price on shares of UnitedHealth Group in a research report on Wednesday. UBS Group upgraded shares of UnitedHealth Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $520.00 to $640.00 in a research note on Monday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $596.00 price objective on shares of UnitedHealth Group in a research note on Tuesday. Finally, Morgan Stanley decreased their price objective on shares of UnitedHealth Group from $587.00 to $579.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. One 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $575.79.

View Our Latest Analysis on UNH

Insider Transactions at UnitedHealth Group

In other news, Director Stephen J. Hemsley sold 66,081 shares of the stock in a transaction dated 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 sale, the director now owns 635,528 shares of the company’s stock, valued at $349,788,255.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

UnitedHealth Group Price Performance

UnitedHealth Group stock opened at $502.24 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.79 and a debt-to-equity ratio of 0.62. UnitedHealth Group Incorporated has a 52-week low of $445.68 and a 52-week high of $554.70. The company has a fifty day simple moving average of $534.95 and a 200-day simple moving average of $514.57. The firm has a market capitalization of $464.53 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.40 and a beta of 0.56.

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

UnitedHealth Group Announces Dividend

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

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.

See Also

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