First Affirmative Financial Network boosted its stake in UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 12.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,172 shares of the healthcare conglomerate’s stock after buying an additional 241 shares during the quarter. UnitedHealth Group makes up about 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 filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Lincoln National Corp increased its stake in shares of UnitedHealth Group by 15.1% during the 4th quarter. Lincoln National Corp now owns 8,951 shares of the healthcare conglomerate’s stock worth $4,495,000 after purchasing an additional 1,174 shares during the last quarter. Salvus Wealth Management LLC increased its stake in shares of UnitedHealth Group by 23.5% during the 1st quarter. Salvus Wealth Management LLC now owns 782 shares of the healthcare conglomerate’s stock worth $399,000 after purchasing an additional 149 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in UnitedHealth Group by 1.8% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 15,296 shares of the healthcare conglomerate’s stock valued at $7,681,000 after buying an additional 272 shares during the last quarter. Alexandria Capital LLC grew its stake in UnitedHealth Group by 3.5% in the 3rd quarter. Alexandria Capital LLC now owns 17,100 shares of the healthcare conglomerate’s stock valued at $6,682,000 after buying an additional 584 shares during the last quarter. Finally, BOKF NA grew its stake in UnitedHealth Group by 3.0% in the 4th quarter. BOKF NA now owns 87,046 shares of the healthcare conglomerate’s stock valued at $43,709,000 after buying an additional 2,546 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.
A number of research analysts recently issued reports on UNH shares. Loop Capital began coverage on shares of UnitedHealth Group in a research note on Thursday, June 16th. They issued a “buy” rating and a $575.00 target price on the stock. Credit Suisse Group increased their price target on shares of UnitedHealth Group from $564.00 to $595.00 and gave the company an “outperform” rating in a report on Monday, April 18th. Barclays increased their price target on shares of UnitedHealth Group from $495.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. Wells Fargo & Company reduced their price target on shares of UnitedHealth Group from $613.00 to $612.00 and set an “overweight” rating for the company in a report on Wednesday, May 25th. Finally, Cowen increased their price target on shares of UnitedHealth Group from $512.00 to $596.00 in a report on Monday, April 18th. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $555.73.
UnitedHealth Group (NYSE:UNH – Get Rating) last posted its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.09. The firm had revenue of $80.15 billion during the quarter, compared to analysts’ expectations of $78.77 billion. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.31 EPS. As a group, research analysts expect that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th will be given a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 16th. This is a boost from UnitedHealth Group’s previous quarterly dividend of $1.45. UnitedHealth Group’s dividend payout ratio (DPR) is presently 36.12%.
In other news, Director Frederick William Mcnabb III acquired 89 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 11,259 shares in the company, valued at $5,678,138.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Burke sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $478.96, for a total transaction of $1,197,400.00. Following the transaction, the director now owns 1,215,000 shares of the company’s stock, valued at approximately $581,936,400. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
UnitedHealth Group Company 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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