UnitedHealth Group Incorporated (NYSE:UNH – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, September 14th will be given a dividend of 2.32 per share by the healthcare conglomerate on Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 14th.
UnitedHealth Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. UnitedHealth Group has a payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect UnitedHealth Group to earn $22.42 per share next year, which means the company should continue to be able to cover its $9.28 annual dividend with an expected future payout ratio of 41.4%.
UnitedHealth Group Trading Up 0.9%
UnitedHealth Group stock traded up $3.54 during trading hours on Wednesday, reaching $405.73. 3,315,832 shares of the company’s stock were exchanged, compared to its average volume of 8,027,258. The firm has a market capitalization of $368.46 billion, a PE ratio of 26.11, a PEG ratio of 1.42 and a beta of 0.62. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 0.66. The firm’s 50 day simple moving average is $415.13 and its 200 day simple moving average is $351.84. UnitedHealth Group has a twelve month low of $255.96 and a twelve month high of $461.62.
Insider Activity
In other news, CEO Patrick Hugh Conway sold 500 shares of UnitedHealth Group stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $410.00, for a total transaction of $205,000.00. Following the completion of the transaction, the chief executive officer directly owned 16,497 shares in the company, valued at $6,763,770. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.
Institutional Trading of UnitedHealth Group
Institutional investors and hedge funds have recently modified their holdings of the stock. Academy Capital Management bought a new position in shares of UnitedHealth Group in the second quarter valued at approximately $35,312,000. CFO4Life Group LLC purchased a new stake in UnitedHealth Group in the 2nd quarter valued at $687,000. Fortress Financial Group LLC purchased a new position in UnitedHealth Group during the 2nd quarter worth $426,000. Evolve Private Wealth LLC purchased a new stake in shares of UnitedHealth Group in the second quarter valued at about $4,572,000. Finally, WealthShield Partners LLC bought a new position in shares of UnitedHealth Group during the second quarter valued at about $2,235,000. 87.86% of the stock is owned by hedge funds and other institutional investors.
UnitedHealth Group Company 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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