Aurora Private Wealth Inc. Buys Shares of 16,836 UnitedHealth Group Incorporated (NYSE:UNH)

Aurora Private Wealth Inc. bought a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 16,836 shares of the healthcare conglomerate’s stock, valued at approximately $8,818,000.

Several other institutional investors have also recently added to or reduced their stakes in UNH. Brighton Jones LLC grew its stake in UnitedHealth Group by 176.2% in the fourth quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate’s stock valued at $22,384,000 after acquiring an additional 28,231 shares during the period. Revolve Wealth Partners LLC increased its stake in UnitedHealth Group by 137.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate’s stock valued at $2,033,000 after purchasing an additional 2,324 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of UnitedHealth Group by 3.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 263,655 shares of the healthcare conglomerate’s stock valued at $133,373,000 after buying an additional 9,872 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of UnitedHealth Group by 6.9% in the 4th quarter. Crestwood Advisors Group LLC now owns 4,147 shares of the healthcare conglomerate’s stock worth $2,098,000 after acquiring an additional 269 shares during the last quarter. Finally, Impax Asset Management Group plc acquired a new position in UnitedHealth Group during the 4th quarter valued at about $700,000. 87.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Patrick Hugh Conway sold 589 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $305.00, for a total transaction of $179,645.00. Following the transaction, the chief executive officer now directly owns 10,398 shares in the company, valued at approximately $3,171,390. This represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy Patrick Flynn bought 1,533 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $320.80 per share, with a total value of $491,786.40. Following the transaction, the director now directly owns 6,033 shares in the company, valued at $1,935,386.40. The trade was a 34.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 109,408 shares of company stock valued at $31,607,768 in the last quarter. Corporate insiders own 0.28% of the company’s stock.

UnitedHealth Group Price Performance

UNH stock opened at $305.59 on Wednesday. The firm has a 50 day moving average of $347.89 and a 200-day moving average of $459.15. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $277.21 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.41 and a beta of 0.44. UnitedHealth Group Incorporated has a 12 month low of $248.88 and a 12 month high of $630.73.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.09). The firm had revenue of $109.58 billion for the quarter, compared to analysts’ expectations of $111.56 billion. UnitedHealth Group had a net margin of 5.39% and a return on equity of 26.29%. During the same quarter last year, the firm earned $6.91 earnings per share. As a group, sell-side analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Monday, June 16th were given a $2.21 dividend. This represents a $8.84 annualized dividend and a dividend yield of 2.89%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Monday, June 16th. UnitedHealth Group’s dividend payout ratio is 37.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UNH. Royal Bank Of Canada dropped their target price on UnitedHealth Group from $525.00 to $355.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Bank of America downgraded shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $560.00 to $350.00 in a report on Wednesday, May 14th. HSBC reiterated a “reduce” rating and issued a $270.00 target price (down previously from $490.00) on shares of UnitedHealth Group in a report on Wednesday, May 21st. Truist Financial reiterated a “buy” rating and issued a $360.00 price objective (down previously from $580.00) on shares of UnitedHealth Group in a research note on Monday, May 19th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of UnitedHealth Group in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $427.09.

UnitedHealth Group 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.