Wealth Architects LLC raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,987 shares of the healthcare conglomerate’s stock after buying an additional 205 shares during the quarter. Wealth Architects LLC’s holdings in UnitedHealth Group were worth $1,868,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Nabity Jensen Investment Management Inc raised its stake in shares of UnitedHealth Group by 0.9% in the 1st quarter. Nabity Jensen Investment Management Inc now owns 2,760 shares of the healthcare conglomerate’s stock valued at $1,446,000 after buying an additional 24 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in UnitedHealth Group by 8.9% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 305 shares of the healthcare conglomerate’s stock worth $160,000 after purchasing an additional 25 shares in the last quarter. Stewardship Advisors LLC boosted its holdings in UnitedHealth Group by 4.1% during the first quarter. Stewardship Advisors LLC now owns 663 shares of the healthcare conglomerate’s stock valued at $347,000 after purchasing an additional 26 shares in the last quarter. Osborne Partners Capital Management LLC raised its holdings in shares of UnitedHealth Group by 2.5% in the 1st quarter. Osborne Partners Capital Management LLC now owns 1,066 shares of the healthcare conglomerate’s stock worth $558,000 after buying an additional 26 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in UnitedHealth Group by 0.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 2,947 shares of the healthcare conglomerate’s stock valued at $1,544,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.
UnitedHealth Group Stock Down 3.6%
NYSE UNH opened at $354.30 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. The stock has a market capitalization of $320.88 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47. The stock has a fifty day moving average of $318.21 and a 200-day moving average of $348.08.
UnitedHealth Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th were issued a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group’s payout ratio is currently 38.30%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. UBS Group reissued a “buy” rating on shares of UnitedHealth Group in a report on Thursday, July 17th. Barclays boosted their price target on shares of UnitedHealth Group from $352.00 to $386.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Research upgraded shares of UnitedHealth Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. KeyCorp raised their price target on UnitedHealth Group from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $440.00 target price on shares of UnitedHealth Group in a report on Tuesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, UnitedHealth Group presently has a consensus rating of “Hold” and a consensus target price of $383.09.
View Our Latest Research Report on UNH
About UnitedHealth Group
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company 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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