UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its stake in UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 43.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,821 shares of the healthcare conglomerate’s stock after buying an additional 548 shares during the period. Y.D. More Investments Ltd’s holdings in UnitedHealth Group were worth $875,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Chesapeake Wealth Management increased its stake in shares of UnitedHealth Group by 7.0% during the fourth quarter. Chesapeake Wealth Management now owns 4,992 shares of the healthcare conglomerate’s stock worth $2,647,000 after buying an additional 326 shares during the period. Westhampton Capital LLC lifted its position in shares of UnitedHealth Group by 1.2% during the 1st quarter. Westhampton Capital LLC now owns 2,587 shares of the healthcare conglomerate’s stock worth $1,223,000 after purchasing an additional 30 shares during the last quarter. Two Sigma Investments LP purchased a new position in UnitedHealth Group in the fourth quarter valued at $87,114,000. Sendero Wealth Management LLC lifted its position in shares of UnitedHealth Group by 10.8% during the 1st quarter. Sendero Wealth Management LLC now owns 6,210 shares of the healthcare conglomerate’s stock worth $2,935,000 after buying an additional 607 shares during the last quarter. Finally, Alta Capital Management LLC raised its stake in UnitedHealth Group by 335.1% during the 1st quarter. Alta Capital Management LLC now owns 62,712 shares of the healthcare conglomerate’s stock worth $29,637,000 after acquiring an additional 48,300 shares in the last quarter. 85.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UNH. SVB Securities lowered their target price on UnitedHealth Group from $625.00 to $560.00 in a research note on Wednesday, June 14th. Truist Financial cut their price target on shares of UnitedHealth Group from $610.00 to $580.00 in a report on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of UnitedHealth Group from $564.00 to $555.00 in a research report on Monday, July 17th. JPMorgan Chase & Co. upped their price target on UnitedHealth Group from $527.00 to $532.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Finally, HSBC started coverage on UnitedHealth Group in a research note on Wednesday, September 6th. They set a “hold” rating and a $540.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $575.65.

Check Out Our Latest Report on UnitedHealth Group

UnitedHealth Group Stock Down 0.1 %

NYSE UNH opened at $486.06 on Tuesday. The business has a 50 day moving average price of $492.05 and a two-hundred day moving average price of $486.73. UnitedHealth Group Incorporated has a fifty-two week low of $445.68 and a fifty-two week high of $558.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. The stock has a market cap of $450.24 billion, a PE ratio of 21.75, a P/E/G ratio of 1.43 and a beta of 0.66.

UnitedHealth Group (NYSE:UNHGet Free Report) last announced its earnings results on Friday, July 14th. The healthcare conglomerate reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.92 by $0.22. UnitedHealth Group had a return on equity of 26.72% and a net margin of 6.06%. The company had revenue of $92.90 billion during the quarter, compared to the consensus estimate of $90.97 billion. During the same period last year, the firm earned $5.57 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts predict that UnitedHealth Group Incorporated will post 24.83 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, September 11th will be given a $1.88 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $7.52 annualized dividend and a yield of 1.55%. UnitedHealth Group’s dividend payout ratio is presently 33.65%.

Insider Transactions at UnitedHealth Group

In other UnitedHealth Group news, CEO Andrew Witty sold 4,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $506.19, for a total transaction of $2,024,760.00. Following the completion of the transaction, the chief executive officer now directly owns 78,573 shares of the company’s stock, valued at approximately $39,772,866.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

UnitedHealth Group Company Profile

(Free Report)

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 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.

Featured Stories

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Incorporated (NYSE:UNHFree Report).

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

Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.