Diligent Investors LLC Takes Position in UnitedHealth Group Incorporated (NYSE:UNH)

Diligent Investors LLC bought a new stake in UnitedHealth Group Incorporated (NYSE:UNHGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 446 shares of the healthcare conglomerate’s stock, valued at approximately $229,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Advocacy Wealth Management Services LLC grew its holdings in shares of UnitedHealth Group by 75.8% during the first 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 holdings in UnitedHealth Group by 100.0% during the 1st quarter. Cascade Investment Advisors Inc. now owns 60 shares of the healthcare conglomerate’s stock worth $31,000 after purchasing an additional 30 shares during the last quarter. Rise Advisors LLC acquired a new stake in UnitedHealth Group during the 4th quarter worth approximately $38,000. Evolution Advisers Inc. acquired a new stake in UnitedHealth Group during the 1st quarter worth approximately $38,000. Finally, Cordant Inc. acquired a new position in UnitedHealth Group in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 87.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UNH shares. Loop Capital started coverage on UnitedHealth Group in a report on Thursday, June 16th. They issued a “buy” rating and a $575.00 price objective for the company. Argus lifted their price objective on UnitedHealth Group from $580.00 to $650.00 and gave the company a “buy” rating in a report on Monday, July 25th. UBS Group lifted their price target on UnitedHealth Group from $545.00 to $570.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. SVB Leerink lifted their price target on UnitedHealth Group from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. Finally, Oppenheimer lifted their price target on UnitedHealth Group from $600.00 to $610.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $586.40.

Insiders Place Their Bets

In other news, CAO Thomas E. Roos sold 465 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $542.37, for a total value of $252,202.05. Following the completion of the transaction, the chief accounting officer now directly owns 34,786 shares of the company’s stock, valued at $18,866,882.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other UnitedHealth Group news, CAO Thomas E. Roos sold 465 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $542.37, for a total transaction of $252,202.05. Following the completion of the transaction, the chief accounting officer now directly owns 34,786 shares of the company’s stock, valued at $18,866,882.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dirk C. Mcmahon sold 14,715 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $543.32, for a total value of $7,994,953.80. Following the transaction, the chief executive officer now directly owns 50,108 shares of the company’s stock, valued at $27,224,678.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,051 shares of company stock valued at $74,450,958. Corporate insiders own 0.40% of the company’s stock.

UnitedHealth Group Stock Up 1.1 %

Shares of NYSE:UNH opened at $517.46 on Friday. The business’s 50-day moving average is $530.11 and its 200-day moving average is $512.45. 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 0.60, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $484.02 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.61 and a beta of 0.76.

UnitedHealth Group (NYSE:UNHGet Rating) last posted its quarterly earnings results on Friday, July 15th. The healthcare conglomerate reported $5.57 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.33. The business had revenue of $80.33 billion for the quarter, compared to the consensus estimate of $79.68 billion. UnitedHealth Group had a return on equity of 25.45% and a net margin of 5.95%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the business earned $4.70 EPS. Equities research analysts predict that UnitedHealth Group Incorporated will post 21.85 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Monday, September 12th were issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, September 9th. UnitedHealth Group’s dividend payout ratio is currently 34.46%.

UnitedHealth Group Company Profile

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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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