Pinnacle Wealth Management Advisory Group LLC Buys 373 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Pinnacle Wealth Management Advisory Group LLC raised its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,750 shares of the healthcare conglomerate’s stock after acquiring an additional 373 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in UnitedHealth Group were worth $4,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fielder Capital Group LLC boosted its stake in UnitedHealth Group by 4.6% in the first quarter. Fielder Capital Group LLC now owns 4,824 shares of the healthcare conglomerate’s stock worth $2,527,000 after purchasing an additional 211 shares in the last quarter. Patten & Patten Inc. TN lifted its stake in shares of UnitedHealth Group by 1.8% during the first quarter. Patten & Patten Inc. TN now owns 41,008 shares of the healthcare conglomerate’s stock valued at $21,478,000 after acquiring an additional 731 shares during the period. Evermay Wealth Management LLC lifted its stake in shares of UnitedHealth Group by 1.2% during the first quarter. Evermay Wealth Management LLC now owns 2,413 shares of the healthcare conglomerate’s stock valued at $1,264,000 after acquiring an additional 29 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of UnitedHealth Group during the first quarter valued at $131,000. Finally, New Republic Capital LLC lifted its stake in shares of UnitedHealth Group by 2.7% during the first quarter. New Republic Capital LLC now owns 1,951 shares of the healthcare conglomerate’s stock valued at $1,022,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

UNH has been the topic of several analyst reports. Piper Sandler cut their target price on UnitedHealth Group from $552.00 to $353.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 3rd. Argus lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. Mizuho cut their target price on UnitedHealth Group from $515.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Erste Group Bank lowered UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Truist Financial dropped their price target on UnitedHealth Group from $360.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $392.29.

UnitedHealth Group Stock Up 0.8%

UNH stock opened at $280.69 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $301.58 and a two-hundred day moving average price of $424.22. The company has a market cap of $254.62 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.39 and a beta of 0.45. UnitedHealth Group Incorporated has a twelve month low of $248.88 and a twelve month high of $630.73.

UnitedHealth Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Monday, June 16th were paid a dividend of $2.21 per share. This is an increase from UnitedHealth Group’s previous quarterly dividend of $2.10. This represents a $8.84 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Monday, June 16th. UnitedHealth Group’s payout ratio is currently 37.02%.

Insider Activity at UnitedHealth Group

In other news, CEO Patrick Hugh Conway sold 589 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $305.00, for a total transaction of $179,645.00. Following the completion of the transaction, the chief executive officer directly owned 10,398 shares in the company, valued at approximately $3,171,390. The trade was a 5.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John F. Rex bought 17,175 shares of UnitedHealth Group stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $291.12 per share, with a total value of $4,999,986.00. Following the completion of the purchase, the chief financial officer directly owned 203,796 shares in the company, valued at $59,329,091.52. This trade represents a 9.20% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 109,408 shares of company stock worth $31,607,768 in the last three months. 0.28% of the stock is owned by company insiders.

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.