Blue Fin Capital Inc. Increases Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Blue Fin Capital Inc. increased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 0.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,006 shares of the healthcare conglomerate’s stock after acquiring an additional 119 shares during the quarter. UnitedHealth Group comprises about 2.1% of Blue Fin Capital Inc.’s holdings, making the stock its 9th largest position. Blue Fin Capital Inc.’s holdings in UnitedHealth Group were worth $7,142,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UNH. Lincoln National Corp raised its position in shares of UnitedHealth Group by 15.1% in the 4th quarter. Lincoln National Corp now owns 8,951 shares of the healthcare conglomerate’s stock worth $4,495,000 after acquiring an additional 1,174 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in UnitedHealth Group by 23.5% during the 1st quarter. Salvus Wealth Management LLC now owns 782 shares of the healthcare conglomerate’s stock valued at $399,000 after purchasing an additional 149 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in UnitedHealth Group by 1.8% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 15,296 shares of the healthcare conglomerate’s stock valued at $7,681,000 after purchasing an additional 272 shares during the last quarter. Alexandria Capital LLC lifted its position in shares of UnitedHealth Group by 3.5% during the 3rd quarter. Alexandria Capital LLC now owns 17,100 shares of the healthcare conglomerate’s stock worth $6,682,000 after buying an additional 584 shares in the last quarter. Finally, BOKF NA lifted its position in shares of UnitedHealth Group by 3.0% during the 4th quarter. BOKF NA now owns 87,046 shares of the healthcare conglomerate’s stock worth $43,709,000 after buying an additional 2,546 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

UNH stock opened at $489.68 on Thursday. The business has a 50-day moving average price of $496.56 and a 200 day moving average price of $490.86. UnitedHealth Group Incorporated has a 1-year low of $383.12 and a 1-year high of $553.29. The company has a market capitalization of $459.40 billion, a P/E ratio of 26.80, a PEG ratio of 1.41 and a beta of 0.83. 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 announced its earnings results on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.09. The business had revenue of $80.15 billion for the quarter, compared to analysts’ expectations of $78.77 billion. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.31 EPS. On average, analysts anticipate that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current fiscal year.

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

A number of brokerages have issued reports on UNH. StockNews.com began coverage on shares of UnitedHealth Group in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Loop Capital assumed coverage on UnitedHealth Group in a report on Thursday, June 16th. They issued a “buy” rating and a $575.00 price target on the stock. Truist Financial raised their price objective on UnitedHealth Group from $575.00 to $610.00 in a report on Thursday, April 7th. Wells Fargo & Company decreased their price target on UnitedHealth Group from $613.00 to $612.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on UnitedHealth Group from $482.00 to $549.00 and gave the stock a “buy” rating in a research note on Monday, April 18th. Three equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.73.

In other UnitedHealth Group news, Director Frederick William Mcnabb III purchased 89 shares of UnitedHealth Group stock in a transaction on Thursday, May 26th. The stock was bought at an average cost of $504.32 per share, with a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Burke sold 2,500 shares of the company’s stock in a transaction on 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 directly owns 1,220,000 shares in the company, valued at $601,765,000. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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

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