RDA Financial Network Has $4.53 Million Stake in UnitedHealth Group Incorporated (NYSE:UNH)

RDA Financial Network boosted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 9.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,886 shares of the healthcare conglomerate’s stock after purchasing an additional 759 shares during the period. UnitedHealth Group comprises approximately 1.9% of RDA Financial Network’s holdings, making the stock its 7th largest holding. RDA Financial Network’s holdings in UnitedHealth Group were worth $4,532,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of UnitedHealth Group during the 4th quarter worth approximately $4,478,185,000. State Street Corp grew its holdings in shares of UnitedHealth Group by 1.9% during the 4th quarter. State Street Corp now owns 45,559,868 shares of the healthcare conglomerate’s stock worth $22,877,432,000 after acquiring an additional 869,827 shares during the period. Marshall Wace LLP grew its holdings in shares of UnitedHealth Group by 2,853.0% during the 4th quarter. Marshall Wace LLP now owns 861,798 shares of the healthcare conglomerate’s stock worth $432,746,000 after acquiring an additional 832,614 shares during the period. Capital International Investors grew its holdings in shares of UnitedHealth Group by 4.3% during the 4th quarter. Capital International Investors now owns 19,342,468 shares of the healthcare conglomerate’s stock worth $9,713,058,000 after acquiring an additional 790,219 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of UnitedHealth Group in the 4th quarter worth approximately $346,859,000. Institutional investors own 87.48% of the company’s stock.

In other UnitedHealth Group news, Director Frederick William Mcnabb III purchased 89 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was purchased at an average cost of $504.32 per share, with a total value of $44,884.48. Following the purchase, the director now owns 11,259 shares of the company’s stock, valued at $5,678,138.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction on Monday, May 16th. The shares were sold at an average price of $493.25, for a total value of $1,233,125.00. Following the sale, the director now directly owns 1,220,000 shares of the company’s stock, valued at $601,765,000. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

A number of analysts have recently commented on UNH shares. BMO Capital Markets boosted their price target on UnitedHealth Group from $510.00 to $600.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 19th. Raymond James upped their price objective on UnitedHealth Group from $540.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 19th. Loop Capital started coverage on UnitedHealth Group in a research report on Thursday, June 16th. They issued a “buy” rating and a $575.00 price objective on the stock. StockNews.com started coverage on UnitedHealth Group in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Cowen upped their price objective on UnitedHealth Group from $512.00 to $596.00 in a research report on Monday, April 18th. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, UnitedHealth Group currently has an average rating of “Moderate Buy” and an average price target of $555.73.

Shares of UnitedHealth Group stock opened at $489.68 on Thursday. The firm has a market cap of $459.40 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.41 and a beta of 0.83. The business has a 50-day moving average price of $496.56 and a 200-day moving average price of $490.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. UnitedHealth Group Incorporated has a twelve month low of $383.12 and a twelve month high of $553.29.

UnitedHealth Group (NYSE:UNHGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.09. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. The firm had revenue of $80.15 billion during the quarter, compared to analyst estimates of $78.77 billion. During the same quarter last year, the business posted $5.31 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities analysts expect that UnitedHealth Group Incorporated will post 21.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be issued a $1.65 dividend. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.35%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 36.12%.

UnitedHealth Group Profile (Get Rating)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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 well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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