Capital Bank & Trust Co boosted its holdings in UnitedHealth Group Inc (NYSE:UNH) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 565,438 shares of the healthcare conglomerate’s stock after buying an additional 8,471 shares during the period. UnitedHealth Group makes up about 2.2% of Capital Bank & Trust Co’s investment portfolio, making the stock its 7th biggest position. Capital Bank & Trust Co’s holdings in UnitedHealth Group were worth $166,227,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Tobias Financial Advisors Inc. bought a new position in UnitedHealth Group during the fourth quarter worth about $29,000. HBC Financial Services PLLC bought a new position in shares of UnitedHealth Group during the 4th quarter valued at about $30,000. CXI Advisors bought a new position in shares of UnitedHealth Group during the 4th quarter valued at about $38,000. Lloyd Advisory Services LLC. acquired a new position in shares of UnitedHealth Group in the 4th quarter valued at approximately $45,000. Finally, Wealthcare Capital Management LLC grew its position in shares of UnitedHealth Group by 73.7% in the 4th quarter. Wealthcare Capital Management LLC now owns 165 shares of the healthcare conglomerate’s stock valued at $49,000 after purchasing an additional 70 shares during the period. 88.16% of the stock is currently owned by hedge funds and other institutional investors.
In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $299.45, for a total transaction of $4,491,750.00. Following the sale, the director now directly owns 158,598 shares of the company’s stock, valued at $47,492,171.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Burke sold 10,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $228.39, for a total transaction of $2,283,900.00. Following the sale, the director now directly owns 158,598 shares in the company, valued at $36,222,197.22. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $12,081,050 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.
UnitedHealth Group stock traded up $10.57 during mid-day trading on Thursday, reaching $245.06. The company’s stock had a trading volume of 1,574,235 shares, compared to its average volume of 9,053,138. The company has a market capitalization of $208.50 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.04 and a beta of 0.70. UnitedHealth Group Inc has a 12 month low of $187.72 and a 12 month high of $306.71. The business’s 50 day simple moving average is $270.98 and its 200 day simple moving average is $265.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Wednesday, January 15th. The healthcare conglomerate reported $3.90 EPS for the quarter, topping the consensus estimate of $3.77 by $0.13. UnitedHealth Group had a net margin of 5.71% and a return on equity of 25.55%. The firm had revenue of $60.90 billion for the quarter, compared to analysts’ expectations of $61.17 billion. During the same period in the previous year, the firm posted $3.28 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that UnitedHealth Group Inc will post 16.47 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, March 13th. UnitedHealth Group’s dividend payout ratio is currently 28.59%.
Several analysts have commented on UNH shares. BMO Capital Markets restated a “market perform” rating and set a $310.00 target price on shares of UnitedHealth Group in a report on Wednesday, December 4th. Cantor Fitzgerald upped their price target on shares of UnitedHealth Group from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Credit Suisse Group increased their price objective on shares of UnitedHealth Group from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Stephens increased their price objective on shares of UnitedHealth Group from $325.00 to $333.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Finally, Argus restated a “buy” rating and set a $340.00 price objective on shares of UnitedHealth Group in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $315.55.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 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; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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