Lewis Asset Management LLC Has $1.42 Million Stock Holdings in UnitedHealth Group Incorporated $UNH

Lewis Asset Management LLC increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 99.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,105 shares of the healthcare conglomerate’s stock after buying an additional 2,045 shares during the period. Lewis Asset Management LLC’s holdings in UnitedHealth Group were worth $1,417,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Forefront Wealth Partners LLC grew its stake in shares of UnitedHealth Group by 107.0% during the third quarter. Forefront Wealth Partners LLC now owns 2,306 shares of the healthcare conglomerate’s stock valued at $796,000 after purchasing an additional 1,192 shares during the last quarter. Ascent Group LLC boosted its position in UnitedHealth Group by 37.4% in the 3rd quarter. Ascent Group LLC now owns 21,913 shares of the healthcare conglomerate’s stock valued at $7,566,000 after buying an additional 5,963 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its position in shares of UnitedHealth Group by 35.1% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 1,695 shares of the healthcare conglomerate’s stock worth $585,000 after acquiring an additional 440 shares during the last quarter. Baron Wealth Management LLC lifted its stake in shares of UnitedHealth Group by 90.3% during the third quarter. Baron Wealth Management LLC now owns 1,928 shares of the healthcare conglomerate’s stock valued at $666,000 after acquiring an additional 915 shares during the period. Finally, Sivia Capital Partners LLC increased its position in UnitedHealth Group by 113.2% in the third quarter. Sivia Capital Partners LLC now owns 3,832 shares of the healthcare conglomerate’s stock worth $1,323,000 after purchasing an additional 2,035 shares during the period. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNH has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of UnitedHealth Group from $325.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Weiss Ratings raised shares of UnitedHealth Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. increased their price target on UnitedHealth Group from $310.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Zacks Research raised UnitedHealth Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, TD Cowen raised their target price on UnitedHealth Group from $335.00 to $338.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Seventeen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $385.54.

UnitedHealth Group Stock Performance

UNH stock opened at $332.13 on Wednesday. UnitedHealth Group Incorporated has a 1-year low of $234.60 and a 1-year high of $606.36. The business’s 50-day moving average price is $332.33 and its two-hundred day moving average price is $319.37. The firm has a market cap of $300.86 billion, a PE ratio of 17.33, a P/E/G ratio of 2.14 and a beta of 0.43. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.05. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The business had revenue of $113.16 billion for the quarter, compared to analysts’ expectations of $113.19 billion. During the same quarter in the previous year, the business posted $7.15 EPS. UnitedHealth Group’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 8th were given a dividend of $2.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $8.84 annualized dividend and a dividend yield of 2.7%. UnitedHealth Group’s dividend payout ratio is currently 46.14%.

UnitedHealth Group Profile

UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.

UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.