Matisse Capital Purchases 180 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Matisse Capital boosted its position in shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 24.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 930 shares of the healthcare conglomerate’s stock after acquiring an additional 180 shares during the quarter. Matisse Capital’s holdings in UnitedHealth Group were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNH. State Street Corp raised its position in shares of UnitedHealth Group by 1.9% in the fourth quarter. State Street Corp now owns 45,559,868 shares of the healthcare conglomerate’s stock valued at $22,877,432,000 after purchasing an additional 869,827 shares during the period. Capital International Investors raised its position in shares of UnitedHealth Group by 4.3% in the fourth quarter. Capital International Investors now owns 19,342,468 shares of the healthcare conglomerate’s stock valued at $9,713,058,000 after purchasing an additional 790,219 shares during the period. Geode Capital Management LLC raised its position in shares of UnitedHealth Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,618,069 shares of the healthcare conglomerate’s stock valued at $7,821,210,000 after purchasing an additional 189,864 shares during the period. Alliancebernstein L.P. grew its stake in shares of UnitedHealth Group by 2.4% in the fourth quarter. Alliancebernstein L.P. now owns 11,015,163 shares of the healthcare conglomerate’s stock valued at $5,531,154,000 after acquiring an additional 257,910 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of UnitedHealth Group in the fourth quarter valued at about $4,478,185,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction on Monday, May 16th. The shares were sold at an average price of $493.25, for a total value of $1,233,125.00. Following the completion of the sale, the director now owns 1,220,000 shares in the company, valued at approximately $601,765,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick William Mcnabb III acquired 89 shares of the stock in a transaction dated Thursday, May 26th. The stock was bought at an average price of $504.32 per share, with a total value of $44,884.48. Following the purchase, the director now directly owns 11,259 shares in the company, valued at $5,678,138.88. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by company insiders.

Shares of NYSE UNH opened at $489.68 on Thursday. The company has a 50 day simple moving average of $496.56 and a 200 day simple moving average of $490.86. The firm has a market cap of $459.40 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. UnitedHealth Group Incorporated has a 1 year low of $383.12 and a 1 year high of $553.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.78.

UnitedHealth Group (NYSE:UNHGet Rating) last released its quarterly earnings results on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.09. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The firm had revenue of $80.15 billion during the quarter, compared to analyst estimates of $78.77 billion. During the same quarter last year, the business earned $5.31 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th will be issued a dividend of $1.65 per share. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $6.60 annualized dividend and a yield of 1.35%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 36.12%.

Several equities analysts recently commented on UNH shares. Morgan Stanley upped their price target on shares of UnitedHealth Group from $570.00 to $577.00 and gave the company an “overweight” rating in a research note on Monday, April 18th. Royal Bank of Canada set a $563.00 price objective on shares of UnitedHealth Group and gave the stock an “outperform” rating in a research note on Monday, April 18th. Loop Capital started coverage on shares of UnitedHealth Group in a research note on Thursday, June 16th. They set a “buy” rating and a $575.00 price objective on the stock. StockNews.com started coverage on shares of UnitedHealth Group in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of UnitedHealth Group from $482.00 to $549.00 and gave the stock a “buy” rating in a research note on Monday, April 18th. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and an average 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.

See Also

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

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