Holderness Investments Co. Acquires 334 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Holderness Investments Co. boosted its position in UnitedHealth Group Incorporated (NYSE:UNH) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 10,080 shares of the healthcare conglomerate’s stock after buying an additional 334 shares during the quarter. UnitedHealth Group accounts for approximately 1.1% of Holderness Investments Co.’s portfolio, making the stock its 16th biggest position. Holderness Investments Co.’s holdings in UnitedHealth Group were worth $5,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. increased its holdings in UnitedHealth Group by 1.4% during the fourth quarter. Whittier Trust Co. now owns 91,213 shares of the healthcare conglomerate’s stock valued at $46,140,000 after buying an additional 1,226 shares during the period. iA Global Asset Management Inc. lifted its position in UnitedHealth Group by 9.6% during the fourth quarter. iA Global Asset Management Inc. now owns 186,814 shares of the healthcare conglomerate’s stock valued at $94,502,000 after purchasing an additional 16,366 shares during the period. Magnetar Financial LLC raised its position 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 worth $36,537,000 after acquiring an additional 39,988 shares during the period. Teacher Retirement System of Texas raised its position in shares of UnitedHealth Group by 28.8% in the fourth quarter. Teacher Retirement System of Texas now owns 391,768 shares of the healthcare conglomerate’s stock worth $198,180,000 after acquiring an additional 87,662 shares during the period. Finally, First Financial Bankshares Inc increased its stake in shares of UnitedHealth Group by 0.3% during the fourth quarter. First Financial Bankshares Inc now owns 38,193 shares of the healthcare conglomerate’s stock worth $19,320,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 87.86% of the company’s stock.

Insider Buying and Selling at UnitedHealth Group

In other UnitedHealth Group news, Director Timothy Patrick Flynn acquired 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at $2,302,065. This trade represents a 28.57 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

UnitedHealth Group Price Performance

UnitedHealth Group stock opened at $503.05 on Thursday. The stock has a market cap 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. The company has a fifty day simple moving average of $510.48 and a 200-day simple moving average of $548.22. UnitedHealth Group Incorporated has a 12-month low of $436.38 and a 12-month high of $630.73. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH) last announced its quarterly 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. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The firm had revenue of $100.81 billion for the quarter, compared to analyst estimates of $101.60 billion. During the same period last year, the business earned $5.83 EPS. UnitedHealth Group’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

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

Wall Street Analyst Weigh In

UNH has been the subject of a number of research reports. 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. Truist Financial cut their target price on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating for the company in a research note on Monday, January 6th. 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 upped their price objective 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. Finally, Stephens increased their price target 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. Twenty analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, UnitedHealth Group presently has an average rating of “Buy” and an average target price of $629.32.

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.