Regent Peak Wealth Advisors LLC reduced its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 77.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,575 shares of the healthcare conglomerate’s stock after selling 5,427 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $586,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of UNH. Accel Wealth Management acquired a new stake in UnitedHealth Group during the 4th quarter worth about $26,000. Atlas Private Wealth Advisors grew its holdings in UnitedHealth Group by 46.2% during the 1st quarter. Atlas Private Wealth Advisors now owns 95 shares of the healthcare conglomerate’s stock worth $35,000 after acquiring an additional 30 shares during the period. Sage Private Wealth Group LLC acquired a new stake in shares of UnitedHealth Group in the 4th quarter valued at about $36,000. IronBridge Private Wealth LLC acquired a new stake in shares of UnitedHealth Group in the 4th quarter valued at about $37,000. Finally, Costello Asset Management INC grew its stake in shares of UnitedHealth Group by 500.0% in the 4th quarter. Costello Asset Management INC now owns 120 shares of the healthcare conglomerate’s stock valued at $42,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.
In other news, CAO Thomas E. Roos sold 5,301 shares of the business’s stock in a transaction on Tuesday, April 27th. The shares were sold at an average price of $394.66, for a total transaction of $2,092,092.66. Following the completion of the transaction, the chief accounting officer now directly owns 58,589 shares in the company, valued at approximately $23,122,734.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Burke sold 2,500 shares of the business’s stock in a transaction on Monday, April 19th. The shares were sold at an average price of $391.25, for a total transaction of $978,125.00. Following the transaction, the director now owns 154,181 shares of the company’s stock, valued at $60,323,316.25. The disclosure for this sale can be found here. Insiders have sold a total of 20,420 shares of company stock valued at $7,532,962 over the last 90 days. Company insiders own 0.80% of the company’s stock.
Several analysts have recently commented on UNH shares. Mizuho raised their target price on UnitedHealth Group from $380.00 to $394.00 and gave the company a “buy” rating in a research note on Thursday, April 15th. Truist Securities lifted their price target on UnitedHealth Group from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, April 20th. Oppenheimer lifted their price target on UnitedHealth Group from $375.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Morgan Stanley lifted their price target on UnitedHealth Group from $462.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, April 22nd. Finally, Stephens lifted their price target on UnitedHealth Group from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, April 22nd. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $409.61.
Shares of NYSE:UNH traded up $4.20 during mid-day trading on Tuesday, reaching $410.10. The company had a trading volume of 51,442 shares, compared to its average volume of 3,262,127. The company’s 50-day moving average price is $378.48 and its 200-day moving average price is $349.25. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. UnitedHealth Group Incorporated has a one year low of $273.71 and a one year high of $406.77. The firm has a market cap of $387.09 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.55 and a beta of 0.74.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Wednesday, April 14th. The healthcare conglomerate reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.38 by $0.93. UnitedHealth Group had a net margin of 6.62% and a return on equity of 27.53%. The business had revenue of $70.20 billion for the quarter, compared to analysts’ expectations of $69.13 billion. During the same quarter in the previous year, the firm posted $3.72 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that UnitedHealth Group Incorporated will post 16.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 23rd. Shareholders of record on Monday, March 15th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.22%. UnitedHealth Group’s payout ratio is 33.09%.
UnitedHealth Group Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 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 program, and health care programs; medical and dental benefits; and hospital and clinical services.
Read More: Capital gains and your 401(k) or IRA
Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.