647 Shares in UnitedHealth Group Incorporated $UNH Purchased by Quilter Plc

Quilter Plc bought a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) in the 2nd quarter, Holdings Channel reports. The firm bought 647 shares of the healthcare conglomerate’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UNH. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of UnitedHealth Group by 112.9% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 132 shares of the healthcare conglomerate’s stock valued at $41,000 after buying an additional 70 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of UnitedHealth Group by 8.0% in the 2nd quarter. Empirical Finance LLC now owns 34,763 shares of the healthcare conglomerate’s stock valued at $10,845,000 after acquiring an additional 2,589 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in UnitedHealth Group in the 2nd quarter worth approximately $42,085,000. TRUE Private Wealth Advisors raised its position in shares of UnitedHealth Group by 250.3% in the second quarter. TRUE Private Wealth Advisors now owns 1,552 shares of the healthcare conglomerate’s stock worth $484,000 after acquiring an additional 1,109 shares during the period. Finally, Kingdom Financial Group LLC. grew its position in shares of UnitedHealth Group by 456.7% in the second quarter. Kingdom Financial Group LLC. now owns 2,444 shares of the healthcare conglomerate’s stock valued at $762,000 after purchasing an additional 2,005 shares in the last quarter. Institutional investors own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UNH shares. Morgan Stanley raised their price objective on UnitedHealth Group from $325.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Wells Fargo & Company lifted their price target on shares of UnitedHealth Group from $267.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Robert W. Baird reissued an “underperform” rating and set a $198.00 target price (down previously from $312.00) on shares of UnitedHealth Group in a research report on Thursday, July 31st. TD Cowen boosted their price objective on UnitedHealth Group from $335.00 to $338.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Finally, Truist Financial increased their target price on shares of UnitedHealth Group from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $397.12.

UnitedHealth Group Stock Down 1.4%

UNH opened at $309.19 on Thursday. UnitedHealth Group Incorporated has a 1 year low of $234.60 and a 1 year high of $622.83. The firm has a 50 day moving average price of $346.20 and a 200 day moving average price of $317.57. The company has a market cap of $280.08 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.28 and a beta of 0.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.85 and a current ratio of 0.82.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.05. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The firm had revenue of $113.16 billion during the quarter, compared to the consensus estimate of $113.19 billion. During the same period in the prior year, the firm earned $7.15 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 8th will be paid a dividend of $2.21 per share. The ex-dividend date is Monday, December 8th. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.9%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 46.14%.

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.