Riverview Trust Co Decreases Position in UnitedHealth Group Inc (NYSE:UNH)

Riverview Trust Co lowered its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,346 shares of the healthcare conglomerate’s stock after selling 514 shares during the quarter. UnitedHealth Group accounts for about 0.8% of Riverview Trust Co’s portfolio, making the stock its 25th largest position. Riverview Trust Co’s holdings in UnitedHealth Group were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of UnitedHealth Group by 7.5% during the second quarter. Vanguard Group Inc. now owns 80,727,140 shares of the healthcare conglomerate’s stock worth $23,810,470,000 after buying an additional 5,654,194 shares during the period. Fisher Asset Management LLC lifted its stake in UnitedHealth Group by 41,127.3% in the second quarter. Fisher Asset Management LLC now owns 2,347,070 shares of the healthcare conglomerate’s stock worth $692,268,000 after acquiring an additional 2,341,377 shares during the last quarter. Nordea Investment Management AB grew its holdings in UnitedHealth Group by 103.1% during the 2nd quarter. Nordea Investment Management AB now owns 2,827,796 shares of the healthcare conglomerate’s stock worth $817,176,000 after acquiring an additional 1,435,755 shares in the last quarter. GQG Partners LLC increased its position in shares of UnitedHealth Group by 50.0% in the 2nd quarter. GQG Partners LLC now owns 2,105,870 shares of the healthcare conglomerate’s stock valued at $621,353,000 after purchasing an additional 702,164 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of UnitedHealth Group by 195.8% in the 2nd quarter. Two Sigma Advisers LP now owns 760,600 shares of the healthcare conglomerate’s stock valued at $224,339,000 after purchasing an additional 503,500 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

Shares of UNH stock opened at $329.90 on Friday. The stock’s 50-day moving average price is $311.35 and its 200 day moving average price is $297.69. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $313.52 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68. UnitedHealth Group Inc has a 52-week low of $187.72 and a 52-week high of $333.70.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.53. The company had revenue of $65.12 billion for the quarter, compared to the consensus estimate of $63.97 billion. UnitedHealth Group had a return on equity of 29.28% and a net margin of 6.90%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $3.88 EPS. Analysts expect that UnitedHealth Group Inc will post 16.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Monday, September 14th were given a $1.25 dividend. The ex-dividend date was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 1.52%. UnitedHealth Group’s dividend payout ratio (DPR) is 33.09%.

In other news, Director Richard T. Burke sold 10,000 shares of UnitedHealth Group stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $303.50, for a total value of $3,035,000.00. Following the sale, the director now owns 159,215 shares of the company’s stock, valued at $48,321,752.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marianne D. Short sold 12,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $321.34, for a total transaction of $3,856,080.00. Following the transaction, the executive vice president now owns 140,885 shares in the company, valued at $45,271,985.90. The disclosure for this sale can be found here. Insiders sold a total of 47,336 shares of company stock worth $14,928,276 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the company. Piper Sandler increased their target price on UnitedHealth Group from $350.00 to $385.00 and gave the company an “overweight” rating in a report on Thursday. Raymond James increased their price objective on UnitedHealth Group from $350.00 to $355.00 and gave the company a “strong-buy” rating in a report on Thursday. Oppenheimer raised their target price on UnitedHealth Group from $353.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday. Credit Suisse Group set a $335.00 price target on UnitedHealth Group and gave the company a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of UnitedHealth Group from $293.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $346.68.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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