UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC trimmed its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,101 shares of the healthcare conglomerate’s stock after selling 33 shares during the period. Simon Quick Advisors LLC’s holdings in UnitedHealth Group were worth $2,581,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UNH. Resources Management Corp CT ADV raised its position in UnitedHealth Group by 4.2% in the 2nd quarter. Resources Management Corp CT ADV now owns 13,839 shares of the healthcare conglomerate’s stock valued at $7,048,000 after purchasing an additional 563 shares during the last quarter. Manchester Global Management UK Ltd raised its holdings in shares of UnitedHealth Group by 12.7% in the second quarter. Manchester Global Management UK Ltd now owns 154,918 shares of the healthcare conglomerate’s stock valued at $78,894,000 after buying an additional 17,500 shares during the last quarter. Mill Creek Capital Advisors LLC grew its holdings in shares of UnitedHealth Group by 20.1% during the second quarter. Mill Creek Capital Advisors LLC now owns 1,983 shares of the healthcare conglomerate’s stock worth $1,010,000 after buying an additional 332 shares during the last quarter. Distillate Capital Partners LLC lifted its position in UnitedHealth Group by 563,752.2% during the 2nd quarter. Distillate Capital Partners LLC now owns 129,686 shares of the healthcare conglomerate’s stock worth $66,044,000 after acquiring an additional 129,663 shares during the period. Finally, Strata Wealth Advisors LLC purchased a new stake in shares of UnitedHealth Group during the second quarter worth approximately $453,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Stephens boosted their price objective on shares of UnitedHealth Group from $605.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. KeyCorp reissued an “overweight” rating and set a $650.00 target price on shares of UnitedHealth Group in a research note on Friday, January 17th. HSBC raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 target price for the company in a report on Friday, January 10th. Royal Bank of Canada decreased their price objective on shares of UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. Finally, 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 report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $627.74.

UnitedHealth Group Trading Up 2.9 %

Shares of UnitedHealth Group stock opened at $524.78 on Wednesday. The firm has a market cap of $482.95 billion, a PE ratio of 33.86, a P/E/G ratio of 1.38 and a beta of 0.62. The business’s fifty day moving average is $547.07 and its two-hundred day moving average is $563.84. 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 quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, beating analysts’ consensus estimates of $6.74 by $0.07. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The company had revenue of $100.81 billion during the quarter, compared to the consensus estimate of $101.60 billion. During the same quarter in the prior year, the company posted $5.83 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts anticipate that UnitedHealth Group Incorporated will post 29.77 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. Stockholders of record on Monday, December 9th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, December 9th. UnitedHealth Group’s payout ratio is currently 54.19%.

About UnitedHealth Group

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.