West Family Investments Inc. lifted its holdings in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 214.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,100 shares of the healthcare conglomerate’s stock after acquiring an additional 2,115 shares during the period. West Family Investments Inc.’s holdings in UnitedHealth Group were worth $1,288,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sarver Vrooman Wealth Advisors purchased a new stake in shares of UnitedHealth Group during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of UnitedHealth Group in the 4th quarter worth approximately $27,000. Lifetime Wealth Management P.C. purchased a new stake in UnitedHealth Group during the fourth quarter valued at approximately $29,000. Wilkerson Advisory Group LLC purchased a new position in UnitedHealth Group in the fourth quarter worth $30,000. Finally, Aberdeen Wealth Management LLC purchased a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $31,000. Institutional investors own 87.86% of the company’s stock.
UnitedHealth Group Stock Performance
Shares of UNH stock traded up $4.12 on Tuesday, hitting $401.25. The company had a trading volume of 7,048,300 shares, compared to its average volume of 7,640,271. The firm has a market cap of $360.16 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. UnitedHealth Group Incorporated has a twelve month low of $255.96 and a twelve month high of $461.62. The company has a 50-day moving average price of $410.91 and a 200-day moving average price of $366.22. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.66.
UnitedHealth Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th will be paid a $2.32 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $9.28 dividend on an annualized basis and a dividend yield of 2.3%. UnitedHealth Group’s payout ratio is currently 59.72%.
Insider Activity at UnitedHealth Group
In other UnitedHealth Group news, CEO Patrick Conway sold 1,169 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $390.00, for a total value of $455,910.00. Following the transaction, the chief executive officer directly owned 15,328 shares of the company’s stock, valued at $5,977,920. This trade represents a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Robert W. Baird upgraded UnitedHealth Group from an “underperform” rating to a “neutral” rating and increased their price target for the company from $287.00 to $453.00 in a research note on Thursday, July 16th. UBS Group lifted their target price on shares of UnitedHealth Group from $460.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of UnitedHealth Group in a report on Wednesday, September 2nd. DA Davidson set a $512.00 target price on UnitedHealth Group in a research report on Tuesday, July 21st. Finally, Zacks Research raised UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $456.56.
Check Out Our Latest Report on UNH
UnitedHealth Group Profile
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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