UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Liberty One Investment Management LLC

by · The Markets Daily

Liberty One Investment Management LLC boosted its holdings in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 6.0% in the 3rd quarter, Holdings Channel reports. The firm owned 5,375 shares of the healthcare conglomerate’s stock after purchasing an additional 303 shares during the period. Liberty One Investment Management LLC’s holdings in UnitedHealth Group were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kraft Davis & Associates LLC lifted its holdings in UnitedHealth Group by 3.4% in the 3rd quarter. Kraft Davis & Associates LLC now owns 577 shares of the healthcare conglomerate’s stock worth $294,000 after purchasing an additional 19 shares during the last quarter. Secure Asset Management LLC lifted its position 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 acquiring an additional 19 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in shares of UnitedHealth Group by 1.6% in the third quarter. Iron Horse Wealth Management LLC now owns 1,217 shares of the healthcare conglomerate’s stock valued at $614,000 after purchasing an additional 19 shares during the last quarter. Bensler LLC lifted its position in shares of UnitedHealth Group by 0.3% during 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. increased its position in UnitedHealth Group by 0.7% in the 2nd quarter. Zullo Investment Group Inc. now owns 3,001 shares of the healthcare conglomerate’s stock worth $1,443,000 after buying an additional 20 shares during the period. 85.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley reduced their price target on shares of UnitedHealth Group from $587.00 to $579.00 and set an “overweight” rating for the company in a report on Monday, October 23rd. UBS Group raised UnitedHealth Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $520.00 to $640.00 in a report on Monday, October 16th. Truist Financial restated a “buy” rating and set a $610.00 price objective on shares of UnitedHealth Group in a research report on Thursday, November 30th. StockNews.com cut UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $610.00 price target on shares of UnitedHealth Group in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $575.79.

Get Our Latest Stock Report on UnitedHealth Group

UnitedHealth Group Trading Up 1.5 %

UNH stock traded up $7.50 during trading on Monday, hitting $511.06. The company had a trading volume of 3,408,850 shares, compared to its average volume of 3,790,098. The stock has a market cap of $472.69 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.37 and a beta of 0.56. The company has a quick ratio of 0.80, a current ratio of 0.79 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $534.95 and a 200-day moving average price of $515.13. UnitedHealth Group Incorporated has a 12 month low of $445.68 and a 12 month high of $554.70.

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

UnitedHealth Group Announces Dividend

The company 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 was Friday, December 1st. This represents a $7.52 dividend on an annualized basis and a dividend yield of 1.47%. UnitedHealth Group’s dividend payout ratio is 31.54%.

Insider Activity at UnitedHealth Group

In other UnitedHealth Group news, Director Stephen J. Hemsley sold 66,081 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $550.39, for a total value of $36,370,321.59. Following the completion of the sale, the director now directly owns 635,528 shares in the company, valued at $349,788,255.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is owned by corporate insiders.

UnitedHealth Group 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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