Clean Yield Group Sells 178 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Clean Yield Group decreased its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,656 shares of the healthcare conglomerate’s stock after selling 178 shares during the period. Clean Yield Group’s holdings in UnitedHealth Group were worth $867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NewSquare Capital LLC acquired a new position in UnitedHealth Group during the 4th quarter worth approximately $25,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of UnitedHealth Group during the fourth quarter worth $26,000. Hurley Capital LLC bought a new stake in UnitedHealth Group during the 4th quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new position in UnitedHealth Group in the fourth quarter valued at about $30,000. Finally, Promus Capital LLC bought a new stake in shares of UnitedHealth Group during the fourth quarter worth about $32,000. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Stock Up 2.5%

UnitedHealth Group stock opened at $303.24 on Friday. 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 Incorporated has a 1-year low of $248.88 and a 1-year high of $630.73. The firm has a market capitalization of $275.08 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.44. The firm’s fifty day moving average price is $409.03 and its two-hundred day moving average price is $483.40.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $109.58 billion during the quarter, compared to analysts’ expectations of $111.56 billion. During the same period last year, the company earned $6.91 earnings per share. On average, equities research analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Monday, June 16th will be given a dividend of $2.21 per share. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $2.10. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Monday, June 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 37.02%.

Insiders Place Their Bets

In related news, CFO John F. Rex acquired 17,175 shares of the stock in a transaction on Friday, May 16th. The shares were acquired at an average price of $291.12 per share, with a total value of $4,999,986.00. Following the completion of the transaction, the chief financial officer now owns 203,796 shares in the company, valued at approximately $59,329,091.52. The trade was a 9.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John H. Noseworthy purchased 300 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were bought at an average price of $312.16 per share, with a total value of $93,648.00. Following the purchase, the director now owns 6,063 shares in the company, valued at $1,892,626.08. The trade was a 5.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 109,408 shares of company stock valued at $31,607,768. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UNH. Piper Sandler cut their target price on shares of UnitedHealth Group from $552.00 to $353.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 3rd. Hsbc Global Res downgraded UnitedHealth Group from a “hold” rating to a “moderate sell” rating in a report on Wednesday, May 21st. Truist Financial reiterated a “buy” rating and issued a $360.00 price target (down previously from $580.00) on shares of UnitedHealth Group in a research report on Monday, May 19th. Robert W. Baird cut their price objective on UnitedHealth Group from $510.00 to $356.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 14th. Finally, Oppenheimer lowered their price target on shares of UnitedHealth Group from $600.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $428.43.

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.