Tlwm Has $878,000 Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Tlwm increased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,212 shares of the healthcare conglomerate’s stock after purchasing an additional 47 shares during the period. Tlwm’s holdings in UnitedHealth Group were worth $878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Anfield Capital Management LLC bought a new position in UnitedHealth Group in the second quarter worth approximately $26,000. Lake Point Wealth Management bought a new stake in UnitedHealth Group during the second quarter worth $40,000. Harbour Investments Inc. purchased a new stake in UnitedHealth Group in the first quarter worth $41,000. Selective Wealth Management Inc. grew its position in shares of UnitedHealth Group by 535.3% in the second quarter. Selective Wealth Management Inc. now owns 108 shares of the healthcare conglomerate’s stock valued at $43,000 after purchasing an additional 91 shares in the last quarter. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in shares of UnitedHealth Group in the first quarter valued at $48,000. 86.21% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on UNH. Morgan Stanley lowered their target price on UnitedHealth Group from $515.00 to $488.00 and set an “overweight” rating for the company in a research note on Tuesday, August 31st. Deutsche Bank Aktiengesellschaft boosted their price target on UnitedHealth Group from $418.00 to $421.00 and gave the company a “buy” rating in a report on Tuesday, July 13th. Truist boosted their price target on UnitedHealth Group from $480.00 to $500.00 and gave the company a “buy” rating in a report on Friday, July 16th. Truist Securities upped their target price on UnitedHealth Group from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, July 16th. Finally, Credit Suisse Group upped their price objective on UnitedHealth Group from $430.00 to $462.00 and gave the company an “outperform” rating in a research report on Friday, July 16th. Three analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, UnitedHealth Group currently has an average rating of “Buy” and an average target price of $444.04.

In related news, Director Stephen J. Hemsley sold 60,000 shares of the stock in a transaction dated Friday, July 16th. The shares were sold at an average price of $420.62, for a total value of $25,237,200.00. Following the completion of the transaction, the director now owns 941,560 shares in the company, valued at approximately $396,038,967.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Burke sold 4,000 shares of the company’s stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $398.62, for a total transaction of $1,594,480.00. Following the completion of the sale, the director now directly owns 154,181 shares of the company’s stock, valued at $61,459,630.22. The disclosure for this sale can be found here. Insiders sold 100,438 shares of company stock worth $41,902,034 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Shares of UNH stock traded up $6.32 during mid-day trading on Wednesday, hitting $418.86. The stock had a trading volume of 67,072 shares, compared to its average volume of 2,983,495. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.77 and a quick ratio of 0.77. UnitedHealth Group Incorporated has a fifty-two week low of $289.64 and a fifty-two week high of $431.36. The company’s 50-day simple moving average is $416.16 and its 200-day simple moving average is $398.29. The firm has a market cap of $394.95 billion, a PE ratio of 27.25, a PEG ratio of 1.62 and a beta of 0.77.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Wednesday, July 14th. The healthcare conglomerate reported $4.70 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.27. UnitedHealth Group had a net margin of 5.33% and a return on equity of 22.15%. The business had revenue of $71.32 billion during the quarter, compared to the consensus estimate of $69.51 billion. During the same period in the previous year, the firm posted $7.12 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts expect that UnitedHealth Group Incorporated will post 18.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 21st. Stockholders of record on Monday, September 13th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Friday, September 10th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.38%. UnitedHealth Group’s payout ratio is currently 34.36%.

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

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