MCIA Inc lifted its position in UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,619 shares of the healthcare conglomerate’s stock after buying an additional 363 shares during the period. MCIA Inc’s holdings in UnitedHealth Group were worth $1,759,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UNH. TimeScale Financial Inc. lifted its stake in shares of UnitedHealth Group by 276.9% in the third quarter. TimeScale Financial Inc. now owns 49 shares of the healthcare conglomerate’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Pflug Koory LLC raised its holdings in shares of UnitedHealth Group by 160.0% during the third quarter. Pflug Koory LLC now owns 52 shares of the healthcare conglomerate’s stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. Belmont Capital LLC raised its holdings in shares of UnitedHealth Group by 294.1% during the third quarter. Belmont Capital LLC now owns 67 shares of the healthcare conglomerate’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. O Dell Group LLC raised its holdings in shares of UnitedHealth Group by 76.9% during the third quarter. O Dell Group LLC now owns 69 shares of the healthcare conglomerate’s stock valued at $35,000 after purchasing an additional 30 shares during the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in shares of UnitedHealth Group during the third quarter valued at approximately $37,000. Institutional investors own 86.31% of the company’s stock.
UnitedHealth Group Price Performance
Shares of NYSE:UNH traded down $2.52 during midday trading on Friday, reaching $469.50. 5,289,996 shares of the company were exchanged, compared to its average volume of 3,713,042. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average is $483.26 and its two-hundred day moving average is $510.78. UnitedHealth Group Incorporated has a one year low of $449.70 and a one year high of $558.10. The stock has a market cap of $437.97 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.30 and a beta of 0.69.
UnitedHealth Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Monday, March 13th will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Friday, March 10th. This represents a $6.60 annualized dividend and a yield of 1.41%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 31.15%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on UNH. Raymond James cut shares of UnitedHealth Group from a “strong-buy” rating to an “outperform” rating and set a $615.00 price objective for the company. in a report on Monday, November 21st. Stephens reaffirmed an “overweight” rating and set a $605.00 target price on shares of UnitedHealth Group in a report on Tuesday, February 28th. StockNews.com raised shares of UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of UnitedHealth Group from $615.00 to $617.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. Finally, UBS Group reduced their target price on shares of UnitedHealth Group from $590.00 to $550.00 and set a “neutral” rating for the company in a report on Wednesday, January 18th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, UnitedHealth Group presently has an average rating of “Moderate Buy” and a consensus price target of $599.68.
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.
- Get a free copy of the StockNews.com research report on UnitedHealth Group (UNH)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
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:UNH – Get Rating).
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.