Asset Planning Services Inc. LA ADV Boosts Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

Asset Planning Services Inc. LA ADV grew its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,680 shares of the healthcare conglomerate’s stock after buying an additional 215 shares during the quarter. UnitedHealth Group makes up about 3.1% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 12th largest holding. Asset Planning Services Inc. LA ADV’s holdings in UnitedHealth Group were worth $6,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNH. BlackBarn Capital Partners LP raised its position in shares of UnitedHealth Group by 6.7% in the 2nd quarter. BlackBarn Capital Partners LP now owns 32,000 shares of the healthcare conglomerate’s stock worth $16,296,000 after acquiring an additional 2,000 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in UnitedHealth Group by 9.0% during the second quarter. Insigneo Advisory Services LLC now owns 10,890 shares of the healthcare conglomerate’s stock valued at $5,546,000 after buying an additional 897 shares during the period. Lone Pine Capital LLC purchased a new stake in shares of UnitedHealth Group in the 2nd quarter worth about $480,903,000. Fred Alger Management LLC lifted its position in UnitedHealth Group by 16.7% during the 2nd quarter. Fred Alger Management LLC now owns 103,957 shares of the healthcare conglomerate’s stock valued at $52,941,000 after acquiring an additional 14,880 shares during the period. Finally, Point72 Hong Kong Ltd grew its holdings in UnitedHealth Group by 11.2% in the second quarter. Point72 Hong Kong Ltd now owns 22,069 shares of the healthcare conglomerate’s stock worth $11,239,000 after purchasing an additional 2,221 shares during the period. Institutional investors own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on UnitedHealth Group from $595.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Morgan Stanley reduced their price target on UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $700.00 price objective on shares of UnitedHealth Group in a research report on Friday, January 17th. Oppenheimer upped their target price on shares of UnitedHealth Group from $610.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, HSBC upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 price objective for the company in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $627.74.

Insiders Place Their Bets

In other UnitedHealth Group news, Director Timothy Patrick Flynn purchased 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the purchase, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by company insiders.

UnitedHealth Group Stock Down 1.1 %

Shares of UNH stock opened at $519.08 on Thursday. UnitedHealth Group Incorporated has a 12 month low of $436.38 and a 12 month high of $630.73. The company has a 50 day simple moving average of $545.26 and a two-hundred day simple moving average of $564.10. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market cap of $477.70 billion, a P/E ratio of 33.49, a P/E/G ratio of 1.42 and a beta of 0.62.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.07. The business had revenue of $100.81 billion during the quarter, compared to analysts’ expectations of $101.60 billion. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.83 earnings per share. On average, research analysts expect that UnitedHealth Group Incorporated will post 29.75 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, December 9th. UnitedHealth Group’s dividend payout ratio (DPR) is 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.