Beacon Investment Advisory Services Inc. raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,840 shares of the healthcare conglomerate’s stock after buying an additional 86 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in UnitedHealth Group were worth $11,048,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in UnitedHealth Group in the fourth quarter valued at approximately $104,000. Teamwork Financial Advisors LLC raised its stake in shares of UnitedHealth Group by 6.9% in the 4th quarter. Teamwork Financial Advisors LLC now owns 639 shares of the healthcare conglomerate’s stock valued at $323,000 after acquiring an additional 41 shares during the period. Asset Planning Services Inc. LA ADV boosted its position in UnitedHealth Group by 1.7% during the 4th quarter. Asset Planning Services Inc. LA ADV now owns 12,680 shares of the healthcare conglomerate’s stock worth $6,414,000 after purchasing an additional 215 shares during the period. Echo45 Advisors LLC raised its position in UnitedHealth Group by 6.5% in the fourth quarter. Echo45 Advisors LLC now owns 619 shares of the healthcare conglomerate’s stock valued at $318,000 after purchasing an additional 38 shares during the period. Finally, True North Advisors LLC boosted its position in shares of UnitedHealth Group by 54.7% in the fourth quarter. True North Advisors LLC now owns 1,760 shares of the healthcare conglomerate’s stock worth $890,000 after buying an additional 622 shares during the period. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on UNH. Bank of America decreased their price target on UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Truist Financial dropped their price target on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lowered their target price on UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target on UnitedHealth Group from $595.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer upped their target price on UnitedHealth Group from $610.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, UnitedHealth Group currently has a consensus rating of “Buy” and an average target price of $627.74.
Insiders Place Their Bets
In related news, Director Timothy Patrick Flynn acquired 1,000 shares of UnitedHealth Group stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $511.57 per share, with a total value of $511,570.00. Following the completion of the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at $2,302,065. This trade represents a 28.57 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.
UnitedHealth Group Stock Up 1.8 %
Shares of UnitedHealth Group stock opened at $528.94 on Friday. The stock has a market capitalization of $486.77 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.41 and a beta of 0.62. The business’s 50 day simple moving average is $543.52 and its 200-day simple moving average is $563.78. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $630.73.
UnitedHealth Group (NYSE:UNH – Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping the consensus estimate of $6.74 by $0.07. The business had revenue of $100.81 billion during the quarter, compared to analyst estimates of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.83 earnings per share. Equities research analysts forecast that UnitedHealth Group Incorporated will post 29.74 earnings per share for the current year.
UnitedHealth Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were given a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, December 9th. UnitedHealth Group’s dividend payout ratio is currently 54.19%.
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.
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