Capital Asset Advisory Services LLC Grows Position in UnitedHealth Group Incorporated (NYSE:UNH)

Capital Asset Advisory Services LLC raised its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,343 shares of the healthcare conglomerate’s stock after buying an additional 760 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in UnitedHealth Group were worth $3,767,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of UnitedHealth Group by 34.4% during the 4th quarter. Blue Trust Inc. now owns 14,013 shares of the healthcare conglomerate’s stock valued at $7,089,000 after acquiring an additional 3,584 shares during the last quarter. Drive Wealth Management LLC boosted its position in shares of UnitedHealth Group by 4.6% during the 4th quarter. Drive Wealth Management LLC now owns 3,068 shares of the healthcare conglomerate’s stock valued at $1,552,000 after acquiring an additional 135 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of UnitedHealth Group by 2.0% during the 4th 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 acquiring an additional 133 shares during the last quarter. Novare Capital Management LLC boosted its position in shares of UnitedHealth Group by 1.0% during the 4th quarter. Novare Capital Management LLC now owns 46,688 shares of the healthcare conglomerate’s stock valued at $23,618,000 after acquiring an additional 451 shares during the last quarter. Finally, Harrell Investment Partners LLC boosted its position 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 last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Stock Up 0.5 %

UNH stock opened at $532.26 on Monday. The firm has a market capitalization of $489.83 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.41 and a beta of 0.62. 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 debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The company’s 50 day moving average price is $541.04 and its 200 day moving average price is $564.34.

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

UnitedHealth Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were issued a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Monday, December 9th. UnitedHealth Group’s payout ratio is currently 54.19%.

Insider Activity

In related news, Director Timothy Patrick Flynn purchased 1,000 shares of the firm’s 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 in the company, valued at $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UNH shares. 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. Hsbc Global Res raised shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Oppenheimer upped their target price on shares of UnitedHealth Group from $610.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. UBS Group decreased their target price on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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. One research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, UnitedHealth Group presently has a consensus rating of “Buy” and an average target price 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.