Kingswood Wealth Advisors LLC Sells 9,740 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Kingswood Wealth Advisors LLC lessened its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,132 shares of the healthcare conglomerate’s stock after selling 9,740 shares during the period. Kingswood Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $5,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNH. Drive Wealth Management LLC raised its position in UnitedHealth Group by 4.6% in the fourth quarter. Drive Wealth Management LLC now owns 3,068 shares of the healthcare conglomerate’s stock worth $1,552,000 after acquiring an additional 135 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in UnitedHealth Group by 2.0% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,916 shares of the healthcare conglomerate’s stock valued at $3,498,000 after purchasing an additional 133 shares in the last quarter. Novare Capital Management LLC increased its position in UnitedHealth Group by 1.0% in the fourth quarter. Novare Capital Management LLC now owns 46,688 shares of the healthcare conglomerate’s stock worth $23,618,000 after buying an additional 451 shares in the last quarter. Harrell Investment Partners LLC grew its stake in shares of UnitedHealth Group by 104.5% during the 4th quarter. Harrell Investment Partners LLC now owns 13,713 shares of the healthcare conglomerate’s stock valued at $6,937,000 after acquiring an additional 7,007 shares during the period. Finally, Clarendon Private LLC bought a new stake in UnitedHealth Group during the 4th quarter worth approximately $1,307,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other UnitedHealth Group news, Director Timothy Patrick Flynn acquired 1,000 shares of the firm’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 owns 4,500 shares in the company, valued at approximately $2,302,065. The trade was a 28.57 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

UnitedHealth Group Stock Up 0.5 %

NYSE:UNH opened at $532.26 on Monday. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73. The company’s 50-day simple moving average is $541.04 and its 200-day simple moving average is $564.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The stock has a market capitalization of $489.83 billion, a P/E ratio of 34.34, a P/E/G ratio of 1.41 and a beta of 0.62.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, beating the consensus estimate of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The firm had revenue of $100.81 billion during the quarter, compared to analyst estimates of $101.60 billion. During the same quarter in the prior year, the business posted $5.83 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that UnitedHealth Group Incorporated will post 29.74 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were paid a dividend of $2.10 per share. The ex-dividend date was Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a yield of 1.58%. UnitedHealth Group’s payout ratio is 54.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UNH shares. Cantor Fitzgerald restated an “overweight” rating and set a $700.00 target price on shares of UnitedHealth Group in a research note on Friday, January 17th. HSBC upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 target price for the company in a research report on Friday, January 10th. Bank of America cut their price objective on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Truist Financial cut their target price on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Morgan Stanley decreased their price target on UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $627.74.

UnitedHealth Group 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.