UnitedHealth Group Incorporated (NYSE:UNH) is Hollencrest Capital Management’s 7th Largest Position

Hollencrest Capital Management reduced its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 0.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 136,431 shares of the healthcare conglomerate’s stock after selling 24 shares during the period. UnitedHealth Group comprises about 2.8% of Hollencrest Capital Management’s holdings, making the stock its 7th biggest position. Hollencrest Capital Management’s holdings in UnitedHealth Group were worth $69,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Howard Capital Management Group LLC acquired a new stake in shares of UnitedHealth Group during the 3rd quarter worth approximately $341,000. Principal Financial Group Inc. grew its stake in shares of UnitedHealth Group by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate’s stock worth $1,039,933,000 after purchasing an additional 180,479 shares during the period. Addison Advisors LLC grew its stake in shares of UnitedHealth Group by 12.9% during the 3rd quarter. Addison Advisors LLC now owns 480 shares of the healthcare conglomerate’s stock worth $281,000 after purchasing an additional 55 shares during the period. Everhart Financial Group Inc. grew its stake in UnitedHealth Group by 19.5% in the 3rd quarter. Everhart Financial Group Inc. now owns 4,628 shares of the healthcare conglomerate’s stock valued at $2,706,000 after acquiring an additional 754 shares during the period. Finally, Vantage Investment Partners LLC grew its stake in UnitedHealth Group by 2.6% in the 3rd quarter. Vantage Investment Partners LLC now owns 154,130 shares of the healthcare conglomerate’s stock valued at $90,117,000 after acquiring an additional 3,909 shares during the period. 87.86% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Stock Performance

NYSE UNH opened at $486.54 on Wednesday. The company has a market cap of $445.04 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.37 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The stock has a 50-day moving average of $512.82 and a two-hundred day moving average of $552.00. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The business had revenue of $100.81 billion during the quarter, compared to the consensus estimate of $101.60 billion. During the same period in the previous year, the company posted $5.83 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. UnitedHealth Group’s dividend payout ratio is presently 54.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UNH. Wells Fargo & Company dropped their price target on shares of UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Hsbc Global Res raised shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Oppenheimer lifted their price target on shares of UnitedHealth Group from $610.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. HSBC raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 target price on the stock in a research note on Friday, January 10th. Finally, Piper Sandler lowered 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 note on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $629.32.

Insider Activity at UnitedHealth Group

In other UnitedHealth Group news, Director Timothy Patrick Flynn purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $511.57 per share, with a total value of $511,570.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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.