Nan Shan Life Insurance Co. Ltd. Purchases New Position in UnitedHealth Group Incorporated (NYSE:UNH)

Nan Shan Life Insurance Co. Ltd. acquired a new position in UnitedHealth Group Incorporated (NYSE:UNH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 175,666 shares of the healthcare conglomerate’s stock, valued at approximately $88,862,000. UnitedHealth Group accounts for 2.1% of Nan Shan Life Insurance Co. Ltd.’s portfolio, making the stock its 9th largest holding.

Several other hedge funds also recently bought and sold shares of UNH. NewSquare Capital LLC purchased a new position in shares of UnitedHealth Group during the 4th quarter worth approximately $25,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in UnitedHealth Group in the 4th quarter worth $26,000. Hurley Capital LLC acquired a new position in shares of UnitedHealth Group in the 4th quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of UnitedHealth Group during the fourth quarter worth about $30,000. Finally, AlphaMark Advisors LLC bought a new position in shares of UnitedHealth Group in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Analyst Ratings Changes

UNH has been the subject of several recent analyst reports. HSBC reissued a “hold” rating and issued a $490.00 price target on shares of UnitedHealth Group in a research note on Tuesday, April 22nd. Mizuho increased their target price on shares of UnitedHealth Group from $600.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their price target on shares of UnitedHealth Group from $655.00 to $525.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Barclays dropped their price objective on UnitedHealth Group from $642.00 to $560.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Finally, Truist Financial lowered their price target on UnitedHealth Group from $660.00 to $580.00 and set a “buy” rating for the company in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $596.86.

UnitedHealth Group Price Performance

Shares of NYSE:UNH opened at $311.23 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The stock has a market cap of $282.33 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.37 and a beta of 0.56. UnitedHealth Group Incorporated has a 12 month low of $309.10 and a 12 month high of $630.73. The stock’s 50 day moving average price is $482.53 and its 200 day moving average price is $519.28.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The business had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. During the same period in the previous year, the business posted $6.91 EPS. Equities research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 2.70%. UnitedHealth Group’s payout ratio is presently 35.18%.

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.