Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in UnitedHealth Group Incorporated (NYSE:UNH) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,680 shares of the healthcare conglomerate’s stock after selling 5,339 shares during the quarter. UnitedHealth Group makes up approximately 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s portfolio, making the stock its 26th biggest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in UnitedHealth Group were worth $98,987,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UNH. iA Global Asset Management Inc. lifted its holdings in UnitedHealth Group by 9.6% during the 4th quarter. iA Global Asset Management Inc. now owns 186,814 shares of the healthcare conglomerate’s stock worth $94,502,000 after buying an additional 16,366 shares in the last quarter. Magnetar Financial LLC raised its stake in shares of UnitedHealth Group by 124.0% in the fourth quarter. Magnetar Financial LLC now owns 72,227 shares of the healthcare conglomerate’s stock valued at $36,537,000 after acquiring an additional 39,988 shares in the last quarter. Teacher Retirement System of Texas grew its stake in UnitedHealth Group by 28.8% during the 4th quarter. Teacher Retirement System of Texas now owns 391,768 shares of the healthcare conglomerate’s stock worth $198,180,000 after purchasing an additional 87,662 shares in the last quarter. First Financial Bankshares Inc raised its position in UnitedHealth Group by 0.3% in the 4th quarter. First Financial Bankshares Inc now owns 38,193 shares of the healthcare conglomerate’s stock valued at $19,320,000 after purchasing an additional 112 shares in the last quarter. Finally, Generali Investments Management Co LLC purchased a new stake in shares of UnitedHealth Group during the fourth quarter worth approximately $2,258,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

Insider Buying and Selling at UnitedHealth Group

In related news, Director Timothy Patrick Flynn purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $511.57 per share, for a total transaction of $511,570.00. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

UnitedHealth Group Trading Down 0.1 %

Shares of UNH stock opened at $503.05 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $510.48 and its two-hundred day moving average is $548.22. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $630.73. The company has a market capitalization of $460.14 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping the consensus estimate of $6.74 by $0.07. The company had revenue of $100.81 billion during the quarter, compared to analysts’ expectations of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $5.83 EPS. Equities analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $2.10 dividend. The ex-dividend date was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.67%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 54.19%.

Wall Street Analyst Weigh In

UNH has been the topic of a number of recent analyst reports. Piper Sandler dropped their price objective 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 UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $700.00 target price on shares of UnitedHealth Group in a research report on Friday, January 17th. 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. Finally, HSBC upgraded shares of 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. Twenty investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $629.32.

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.