HBW Advisory Services LLC Lowers Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

HBW Advisory Services LLC lessened its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,551 shares of the healthcare conglomerate’s stock after selling 394 shares during the quarter. HBW Advisory Services LLC’s holdings in UnitedHealth Group were worth $4,326,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. VitalStone Financial LLC increased its stake in UnitedHealth Group by 600.0% in the 2nd quarter. VitalStone Financial LLC now owns 70 shares of the healthcare conglomerate’s stock valued at $36,000 after buying an additional 60 shares during the period. Linscomb Wealth Inc. increased its stake in UnitedHealth Group by 11.1% in the 2nd quarter. Linscomb Wealth Inc. now owns 1,054 shares of the healthcare conglomerate’s stock valued at $537,000 after buying an additional 105 shares during the period. Qsemble Capital Management LP increased its stake in UnitedHealth Group by 161.3% in the 2nd quarter. Qsemble Capital Management LP now owns 8,414 shares of the healthcare conglomerate’s stock valued at $4,285,000 after buying an additional 5,194 shares during the period. Johnson Investment Counsel Inc. increased its stake in UnitedHealth Group by 0.5% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 268,033 shares of the healthcare conglomerate’s stock valued at $136,499,000 after buying an additional 1,363 shares during the period. Finally, BOKF NA increased its stake in UnitedHealth Group by 2.9% in the 2nd quarter. BOKF NA now owns 66,217 shares of the healthcare conglomerate’s stock valued at $33,722,000 after buying an additional 1,857 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Piper Sandler decreased their target price on shares of UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Truist Financial decreased their target price on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of UnitedHealth Group from $595.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, KeyCorp assumed coverage on shares of UnitedHealth Group in a research report on Friday, October 11th. They issued an “overweight” rating and a $675.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, UnitedHealth Group has an average rating of “Buy” and an average price target of $626.79.

UnitedHealth Group Trading Down 0.8 %

Shares of NYSE UNH traded down $4.15 on Friday, reaching $520.37. 3,581,933 shares of the company traded hands, compared to its average volume of 3,867,549. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73. The company has a 50 day moving average of $556.20 and a 200 day moving average of $561.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $478.89 billion, a PE ratio of 33.90, a P/E/G ratio of 1.53 and a beta of 0.62.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The firm had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. During the same quarter last year, the firm posted $6.56 earnings per share. UnitedHealth Group’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that UnitedHealth Group Incorporated will post 27.61 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $2.10 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 1.61%. UnitedHealth Group’s payout ratio is 54.72%.

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.