First Affirmative Financial Network boosted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,172 shares of the healthcare conglomerate’s stock after purchasing an additional 241 shares during the period. UnitedHealth Group makes up approximately 1.1% of First Affirmative Financial Network’s holdings, making the stock its 13th biggest position. First Affirmative Financial Network’s holdings in UnitedHealth Group were worth $1,108,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Outfitter Financial LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC purchased a new stake in UnitedHealth Group in the 4th quarter worth approximately $29,000. Advocacy Wealth Management Services LLC lifted its position in UnitedHealth Group by 75.8% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 58 shares of the healthcare conglomerate’s stock worth $30,000 after buying an additional 25 shares in the last quarter. Cascade Investment Advisors Inc. lifted its position in UnitedHealth Group by 100.0% in the 1st quarter. Cascade Investment Advisors Inc. now owns 60 shares of the healthcare conglomerate’s stock worth $31,000 after buying an additional 30 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in UnitedHealth Group by 54.8% in the 4th quarter. Tortoise Investment Management LLC now owns 65 shares of the healthcare conglomerate’s stock worth $33,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
In related news, Director Frederick William Mcnabb III acquired 89 shares of the stock in a transaction on Thursday, May 26th. The stock was purchased at an average price of $504.32 per share, for a total transaction of $44,884.48. Following the transaction, the director now owns 11,259 shares of the company’s stock, valued at approximately $5,678,138.88. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard T. Burke sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $493.25, for a total transaction of $1,233,125.00. Following the completion of the sale, the director now owns 1,220,000 shares of the company’s stock, valued at approximately $601,765,000. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
UnitedHealth Group (NYSE:UNH – Get Rating) last released its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $5.49 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.09. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The company had revenue of $80.15 billion during the quarter, compared to the consensus estimate of $78.77 billion. During the same period last year, the firm earned $5.31 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Sell-side analysts forecast that UnitedHealth Group Incorporated will post 21.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be issued a dividend of $1.65 per share. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.45. This represents a $6.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 16th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 36.12%.
Several brokerages have recently commented on UNH. Royal Bank of Canada set a $563.00 price target on shares of UnitedHealth Group and gave the stock an “outperform” rating in a research note on Monday, April 18th. Sanford C. Bernstein lowered shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and set a $561.00 price target on the stock. in a research note on Thursday, May 26th. They noted that the move was a valuation call. StockNews.com started coverage on shares of UnitedHealth Group in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Credit Suisse Group raised their target price on shares of UnitedHealth Group from $564.00 to $595.00 and gave the company an “outperform” rating in a research note on Monday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of UnitedHealth Group from $482.00 to $549.00 and gave the company a “buy” rating in a research note on Monday, April 18th. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.73.
UnitedHealth Group Profile (Get Rating)
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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 well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.
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