UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 19.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,897 shares of the healthcare conglomerate’s stock after acquiring an additional 2,914 shares during the period. Orion Portfolio Solutions LLC’s holdings in UnitedHealth Group were worth $6,993,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB grew its position in UnitedHealth Group by 103.0% during the 3rd quarter. Nordea Investment Management AB now owns 3,619,038 shares of the healthcare conglomerate’s stock worth $1,449,171,000 after purchasing an additional 1,836,665 shares in the last quarter. Amundi acquired a new position in shares of UnitedHealth Group during the second quarter worth approximately $680,292,000. Jennison Associates LLC lifted its holdings in UnitedHealth Group by 205.8% in the second quarter. Jennison Associates LLC now owns 1,947,717 shares of the healthcare conglomerate’s stock valued at $779,944,000 after buying an additional 1,310,783 shares during the period. Macquarie Group Ltd. increased its stake in UnitedHealth Group by 311.9% in the second quarter. Macquarie Group Ltd. now owns 1,622,199 shares of the healthcare conglomerate’s stock valued at $649,595,000 after purchasing an additional 1,228,389 shares in the last quarter. Finally, State Street Corp boosted its holdings in UnitedHealth Group by 1.9% during the second quarter. State Street Corp now owns 44,530,535 shares of the healthcare conglomerate’s stock worth $17,831,807,000 after purchasing an additional 838,941 shares during the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.

In other news, Director Richard T. Burke sold 2,500 shares of the stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $444.70, for a total value of $1,111,750.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen J. Hemsley sold 75,000 shares of the firm’s stock in a transaction dated Monday, October 25th. The stock was sold at an average price of $448.72, for a total value of $33,654,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

UNH has been the topic of a number of recent analyst reports. Edward Jones initiated coverage on shares of UnitedHealth Group in a research report on Monday. They issued a “buy” rating on the stock. Truist Securities raised their price objective on UnitedHealth Group from $520.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, January 5th. Mizuho boosted their price target on UnitedHealth Group from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 20th. SVB Leerink assumed coverage on UnitedHealth Group in a report on Monday, September 27th. They issued an “outperform” rating and a $480.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on UnitedHealth Group from $478.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, UnitedHealth Group has an average rating of “Buy” and an average target price of $500.54.

Shares of NYSE:UNH traded up $4.30 on Wednesday, hitting $473.30. 70,181 shares of the company traded hands, compared to its average volume of 4,582,306. UnitedHealth Group Incorporated has a 52 week low of $320.35 and a 52 week high of $509.23. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $469.31 and a 200-day simple moving average of $435.22. The company has a market cap of $445.78 billion, a PE ratio of 29.09, a PEG ratio of 1.86 and a beta of 0.86.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Thursday, October 14th. The healthcare conglomerate reported $4.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.41 by $0.11. UnitedHealth Group had a return on equity of 23.08% and a net margin of 5.52%. The firm had revenue of $72.34 billion for the quarter, compared to analysts’ expectations of $71.24 billion. During the same period in the previous year, the firm earned $3.51 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 18.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 14th. Shareholders of record on Monday, December 6th were given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, December 3rd. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.98%.

UnitedHealth Group Company Profile

UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.

See Also: What does the Producer Price Index (PPI) tell investors?

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Incorporated (NYSE:UNH).

Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.