CRA Financial Services LLC reduced its position in UnitedHealth Group Inc (NYSE:UNH) by 4.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,993 shares of the healthcare conglomerate’s stock after selling 136 shares during the quarter. CRA Financial Services LLC’s holdings in UnitedHealth Group were worth $933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of UNH. Vanguard Group Inc. lifted its position in UnitedHealth Group by 7.5% in the second quarter. Vanguard Group Inc. now owns 80,727,140 shares of the healthcare conglomerate’s stock worth $23,810,470,000 after purchasing an additional 5,654,194 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of UnitedHealth Group by 41,127.3% during the second quarter. Fisher Asset Management LLC now owns 2,347,070 shares of the healthcare conglomerate’s stock valued at $692,268,000 after acquiring an additional 2,341,377 shares during the period. Nordea Investment Management AB lifted its holdings in shares of UnitedHealth Group by 103.1% during the second quarter. Nordea Investment Management AB now owns 2,827,796 shares of the healthcare conglomerate’s stock valued at $817,176,000 after acquiring an additional 1,435,755 shares during the period. GQG Partners LLC lifted its holdings in shares of UnitedHealth Group by 50.0% during the second quarter. GQG Partners LLC now owns 2,105,870 shares of the healthcare conglomerate’s stock valued at $621,353,000 after acquiring an additional 702,164 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of UnitedHealth Group by 195.8% during the second quarter. Two Sigma Advisers LP now owns 760,600 shares of the healthcare conglomerate’s stock valued at $224,339,000 after acquiring an additional 503,500 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on UNH shares. ValuEngine raised UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Thursday, October 1st. SVB Leerink lifted their price objective on UnitedHealth Group from $370.00 to $373.00 and gave the company an “outperform” rating in a report on Thursday. Piper Sandler raised their target price on UnitedHealth Group from $350.00 to $385.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group raised their target price on UnitedHealth Group from $319.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Mizuho restated a “buy” rating and issued a $315.00 target price on shares of UnitedHealth Group in a research note on Wednesday, July 15th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $346.68.
NYSE:UNH opened at $329.90 on Friday. UnitedHealth Group Inc has a fifty-two week low of $187.72 and a fifty-two week high of $333.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $313.52 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68. The business’s 50-day simple moving average is $311.35 and its 200-day simple moving average is $297.69.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.53. UnitedHealth Group had a return on equity of 29.28% and a net margin of 6.90%. The business had revenue of $65.12 billion for the quarter, compared to analysts’ expectations of $63.97 billion. During the same quarter in the previous year, the business posted $3.88 EPS. UnitedHealth Group’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts expect that UnitedHealth Group Inc will post 16.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, September 11th. UnitedHealth Group’s payout ratio is 33.09%.
In other UnitedHealth Group news, Director Richard T. Burke sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $303.50, for a total value of $3,035,000.00. Following the sale, the director now owns 159,215 shares in the company, valued at approximately $48,321,752.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marianne D. Short sold 10,336 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $312.34, for a total value of $3,228,346.24. Insiders sold a total of 47,336 shares of company stock worth $14,928,276 in the last 90 days. Company insiders own 0.80% of the company’s stock.
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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