Teachers Retirement System of The State of Kentucky reduced its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,780 shares of the healthcare conglomerate’s stock after selling 19,679 shares during the period. UnitedHealth Group accounts for about 1.1% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 7th biggest holding. Teachers Retirement System of The State of Kentucky’s holdings in UnitedHealth Group were worth $115,183,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of UNH. RPg Family Wealth Advisory LLC bought a new stake in UnitedHealth Group during the second quarter worth approximately $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of UnitedHealth Group in the second quarter valued at $28,000. Activest Wealth Management purchased a new position in UnitedHealth Group during the 2nd quarter worth approximately $29,000. Tompkins Financial Corp purchased a new position in UnitedHealth Group during the 3rd quarter worth approximately $32,000. Finally, Annapolis Financial Services LLC grew its position in UnitedHealth Group by 57.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 90 shares of the healthcare conglomerate’s stock worth $35,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 86.20% of the company’s stock.
Shares of NYSE UNH traded up $4.61 during trading on Wednesday, hitting $473.61. The stock had a trading volume of 72,097 shares, compared to its average volume of 4,582,306. UnitedHealth Group Incorporated has a 12 month low of $320.35 and a 12 month high of $509.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $446.07 billion, a PE ratio of 29.09, a PEG ratio of 1.86 and a beta of 0.86. The firm has a fifty day moving average of $469.31 and a two-hundred day moving average of $435.22.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 14th. Investors of record on Monday, December 6th were given a dividend of $1.45 per share. The ex-dividend date was Friday, December 3rd. This represents a $5.80 annualized dividend and a yield of 1.22%. UnitedHealth Group’s payout ratio is currently 35.98%.
UNH has been the topic of several research analyst reports. Truist boosted their price target on shares of UnitedHealth Group from $520.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, January 5th. Royal Bank of Canada boosted their target price on shares of UnitedHealth Group from $476.00 to $512.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 1st. BMO Capital Markets upped their price objective on shares of UnitedHealth Group from $475.00 to $500.00 and gave the company a “market perform” rating in a research report on Thursday, December 2nd. They noted that the move was a valuation call. Credit Suisse Group upped their target price on shares of UnitedHealth Group from $462.00 to $495.00 and gave the company an “outperform” rating in a research note on Friday, October 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of UnitedHealth Group from $421.00 to $477.00 and gave the company a “buy” rating in a research note on Tuesday, November 16th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $500.54.
In related news, Director Richard T. Burke sold 2,500 shares of the stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $444.70, for a total transaction of $1,111,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Hemsley sold 75,000 shares of the stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $448.72, for a total transaction of $33,654,000.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.
UnitedHealth Group Profile
UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.
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