Private Trust Co. NA boosted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 10,968 shares of the healthcare conglomerate’s stock after acquiring an additional 139 shares during the quarter. Private Trust Co. NA’s holdings in UnitedHealth Group were worth $4,080,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Accel Wealth Management acquired a new stake in shares of UnitedHealth Group during the fourth quarter worth about $26,000. Front Row Advisors LLC lifted its stake in UnitedHealth Group by 288.0% during the 3rd quarter. Front Row Advisors LLC now owns 97 shares of the healthcare conglomerate’s stock valued at $33,000 after acquiring an additional 72 shares during the period. Sage Private Wealth Group LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at $36,000. IronBridge Private Wealth LLC purchased a new position in shares of UnitedHealth Group during the fourth quarter worth $37,000. Finally, Costello Asset Management INC boosted its holdings in UnitedHealth Group by 500.0% in the fourth quarter. Costello Asset Management INC now owns 120 shares of the healthcare conglomerate’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Richard T. Burke sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 11th. The shares were sold at an average price of $335.80, for a total value of $1,679,000.00. Following the completion of the sale, the director now owns 153,953 shares of the company’s stock, valued at approximately $51,697,417.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Thomas E. Roos sold 619 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $323.90, for a total transaction of $200,494.10. Following the sale, the chief accounting officer now directly owns 31,908 shares in the company, valued at approximately $10,335,001.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,619 shares of company stock valued at $3,292,774. 0.80% of the stock is owned by company insiders.
A number of brokerages have recently commented on UNH. SVB Leerink upped their target price on UnitedHealth Group from $378.00 to $390.00 and gave the stock an “outperform” rating in a research note on Monday, December 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of UnitedHealth Group from $404.00 to $409.00 and gave the stock a “buy” rating in a research note on Thursday, January 21st. Barclays reissued a “buy” rating and set a $405.00 price target on shares of UnitedHealth Group in a report on Sunday, January 17th. Truist lifted their price objective on shares of UnitedHealth Group from $400.00 to $420.00 in a report on Tuesday, January 5th. Finally, Bank of America reissued a “buy” rating and set a $415.00 target price on shares of UnitedHealth Group in a research note on Thursday, January 21st. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. UnitedHealth Group currently has a consensus rating of “Buy” and a consensus price target of $388.45.
Shares of UnitedHealth Group stock traded up $4.22 during trading hours on Friday, reaching $369.11. 12,032 shares of the company’s stock were exchanged, compared to its average volume of 3,405,844. The business has a fifty day moving average of $352.26 and a two-hundred day moving average of $339.62. The company has a market capitalization of $348.93 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. UnitedHealth Group Incorporated has a 1 year low of $258.18 and a 1 year high of $380.50.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, January 19th. The healthcare conglomerate reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.13. The company had revenue of $65.47 billion during the quarter, compared to the consensus estimate of $64.98 billion. UnitedHealth Group had a net margin of 6.62% and a return on equity of 27.53%. UnitedHealth Group’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.90 EPS. As a group, research analysts predict that UnitedHealth Group Incorporated will post 16.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 23rd. Investors of record on Monday, March 15th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.35%. UnitedHealth Group’s payout ratio is 33.09%.
UnitedHealth Group 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; Medicaid plans, Children's Health Insurance Program, and health care programs; medical and dental benefits; and health care delivery.
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