UnitedHealth Group Incorporated (NYSE:UNH) Position Cut by Stableford Capital II LLC

Stableford Capital II LLC decreased its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,834 shares of the healthcare conglomerate’s stock after selling 318 shares during the quarter. Stableford Capital II LLC’s holdings in UnitedHealth Group were worth $2,293,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Scarborough Advisors LLC bought a new position in shares of UnitedHealth Group in the fourth quarter valued at approximately $120,000. Timber Creek Capital Management LLC lifted its holdings in shares of UnitedHealth Group by 4.8% in the first quarter. Timber Creek Capital Management LLC now owns 16,394 shares of the healthcare conglomerate’s stock valued at $8,111,000 after buying an additional 749 shares during the period. Duncan Williams Asset Management LLC bought a new stake in UnitedHealth Group in the first quarter worth about $922,000. Orrstown Financial Services Inc. boosted its position in shares of UnitedHealth Group by 1.6% during the 1st quarter. Orrstown Financial Services Inc. now owns 2,954 shares of the healthcare conglomerate’s stock valued at $1,461,000 after purchasing an additional 47 shares in the last quarter. Finally, Moseley Investment Management Inc. lifted its stake in UnitedHealth Group by 14.3% during the first quarter. Moseley Investment Management Inc. now owns 2,415 shares of the healthcare conglomerate’s stock valued at $1,195,000 after purchasing an additional 302 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors.

Insider Activity at UnitedHealth Group

In other news, EVP Erin Mcsweeney sold 1,500 shares of UnitedHealth Group stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $579.03, for a total value of $868,545.00. Following the transaction, the executive vice president now directly owns 7,785 shares in the company, valued at approximately $4,507,748.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UNH. Truist Financial upped their price target on UnitedHealth Group from $600.00 to $640.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wells Fargo & Company increased their price target on UnitedHealth Group from $525.00 to $630.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $481.00 to $647.00 in a research note on Wednesday, July 17th. Royal Bank of Canada cut their price target on shares of UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, UBS Group lifted their price objective on shares of UnitedHealth Group from $640.00 to $680.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $614.74.

UnitedHealth Group Price Performance

NYSE UNH opened at $559.25 on Wednesday. The company has a 50 day moving average price of $584.11 and a two-hundred day moving average price of $532.57. UnitedHealth Group Incorporated has a 12-month low of $436.38 and a 12-month high of $608.63. The stock has a market capitalization of $514.73 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.66 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.67.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, beating the consensus estimate of $7.00 by $0.15. The company had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. UnitedHealth Group had a return on equity of 26.55% and a net margin of 3.66%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $6.56 earnings per share. As a group, equities analysts predict that UnitedHealth Group Incorporated will post 27.69 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Monday, September 16th. UnitedHealth Group’s payout ratio is 51.34%.

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.