Marietta Wealth Management LLC Purchases 1,983 Shares of UnitedHealth Group Incorporated $UNH

Marietta Wealth Management LLC lifted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 10.5% during the second quarter, Holdings Channel.com reports. The firm owned 20,872 shares of the healthcare conglomerate’s stock after acquiring an additional 1,983 shares during the period. Marietta Wealth Management LLC’s holdings in UnitedHealth Group were worth $6,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Simplicity Wealth LLC boosted its position in shares of UnitedHealth Group by 141.5% during the 2nd quarter. Simplicity Wealth LLC now owns 19,077 shares of the healthcare conglomerate’s stock worth $5,952,000 after purchasing an additional 11,179 shares in the last quarter. Brown Miller Wealth Management LLC boosted its position in shares of UnitedHealth Group by 9.8% during the 2nd quarter. Brown Miller Wealth Management LLC now owns 7,228 shares of the healthcare conglomerate’s stock worth $2,255,000 after purchasing an additional 648 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of UnitedHealth Group by 5.2% during the 2nd quarter. OLD National Bancorp IN now owns 53,643 shares of the healthcare conglomerate’s stock worth $16,735,000 after purchasing an additional 2,664 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of UnitedHealth Group by 26.8% during the 2nd quarter. Highland Capital Management LLC now owns 13,235 shares of the healthcare conglomerate’s stock worth $4,129,000 after purchasing an additional 2,800 shares in the last quarter. Finally, MBL Wealth LLC raised its holdings in shares of UnitedHealth Group by 48.2% in the 2nd quarter. MBL Wealth LLC now owns 3,160 shares of the healthcare conglomerate’s stock worth $986,000 after acquiring an additional 1,028 shares during the last quarter. Institutional investors own 87.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of UnitedHealth Group in a report on Saturday, September 27th. Bank of America upped their target price on shares of UnitedHealth Group from $290.00 to $325.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Sanford C. Bernstein upped their target price on shares of UnitedHealth Group from $337.00 to $379.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Barclays increased their price objective on shares of UnitedHealth Group from $337.00 to $352.00 and gave the company an “overweight” rating in a research note on Thursday, September 4th. Finally, Baird R W lowered shares of UnitedHealth Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, UnitedHealth Group currently has an average rating of “Hold” and a consensus price target of $358.95.

UnitedHealth Group Stock Up 1.8%

UnitedHealth Group stock opened at $360.17 on Friday. UnitedHealth Group Incorporated has a twelve month low of $234.60 and a twelve month high of $630.73. The firm has a 50 day moving average price of $307.84 and a 200-day moving average price of $354.55. The company has a market capitalization of $326.20 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.34 and a beta of 0.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share for the quarter, missing analysts’ consensus estimates of $4.45 by ($0.37). The company had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, equities analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were issued a $2.21 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a yield of 2.5%. UnitedHealth Group’s dividend payout ratio (DPR) is 38.30%.

UnitedHealth Group Company Profile

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.