Veritas Asset Management LLP cut its position in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 42.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,078,201 shares of the healthcare conglomerate’s stock after selling 803,870 shares during the period. UnitedHealth Group comprises 8.1% of Veritas Asset Management LLP’s holdings, making the stock its 5th largest position. Veritas Asset Management LLP’s holdings in UnitedHealth Group were worth $448,133,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in UNH. Ares Financial Consulting LLC boosted its stake in UnitedHealth Group by 7.2% in the 2nd quarter. Ares Financial Consulting LLC now owns 419 shares of the healthcare conglomerate’s stock worth $174,000 after purchasing an additional 28 shares during the period. Rockland Trust Co. lifted its holdings in shares of UnitedHealth Group by 1.1% in the second quarter. Rockland Trust Co. now owns 2,589 shares of the healthcare conglomerate’s stock valued at $1,076,000 after purchasing an additional 29 shares in the last quarter. Matrix Trust Co grew its holdings in shares of UnitedHealth Group by 24.8% during the second quarter. Matrix Trust Co now owns 146 shares of the healthcare conglomerate’s stock valued at $61,000 after buying an additional 29 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in UnitedHealth Group by 3.8% in the 2nd quarter. JFS Wealth Advisors LLC now owns 802 shares of the healthcare conglomerate’s stock worth $333,000 after acquiring an additional 29 shares in the last quarter. Finally, Integral Investment Advisors Inc. boosted its position in UnitedHealth Group by 4.0% during the 2nd quarter. Integral Investment Advisors Inc. now owns 784 shares of the healthcare conglomerate’s stock worth $326,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.
Insider Activity
In other news, CEO Patrick Hugh Conway sold 500 shares of UnitedHealth Group stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $410.00, for a total value of $205,000.00. Following the transaction, the chief executive officer directly owned 16,497 shares in the company, valued at approximately $6,763,770. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on UNH
UnitedHealth Group Stock Performance
UNH opened at $401.52 on Monday. The stock has a 50-day moving average of $415.74 and a 200-day moving average of $352.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.78. UnitedHealth Group Incorporated has a 52-week low of $255.96 and a 52-week high of $461.62. The company has a market cap of $360.40 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62.
UnitedHealth Group (NYSE:UNH – Get Free Report) last posted its earnings results on Thursday, July 16th. The healthcare conglomerate reported $6.38 earnings per share for the quarter, topping the consensus estimate of $4.94 by $1.44. UnitedHealth Group had a return on equity of 16.53% and a net margin of 3.14%.The firm had revenue of $112.03 billion during the quarter, compared to analyst estimates of $110.81 billion. During the same period in the previous year, the company earned $4.08 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. UnitedHealth Group has set its FY 2026 guidance at 19.500-20.000 EPS. As a group, equities research analysts forecast that UnitedHealth Group Incorporated will post 19.69 earnings per share for the current fiscal year.
UnitedHealth Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th will be given a dividend of $2.32 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $9.28 dividend on an annualized basis and a yield of 2.3%. UnitedHealth Group’s payout ratio is currently 59.72%.
About UnitedHealth Group
UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.
UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.
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