Border to Coast Pensions Partnership Ltd Purchases 18,737 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Border to Coast Pensions Partnership Ltd grew its position in UnitedHealth Group Incorporated (NYSE:UNH) by 13.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 160,002 shares of the healthcare conglomerate’s stock after purchasing an additional 18,737 shares during the period. UnitedHealth Group accounts for about 1.6% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its 13th biggest position. Border to Coast Pensions Partnership Ltd’s holdings in UnitedHealth Group were worth $80,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. Tompkins Financial Corp lifted its stake in shares of UnitedHealth Group by 21.3% during the fourth quarter. Tompkins Financial Corp now owns 2,094 shares of the healthcare conglomerate’s stock worth $1,059,000 after buying an additional 367 shares during the period. RDA Financial Network lifted its position in UnitedHealth Group by 4.1% during the 4th quarter. RDA Financial Network now owns 8,978 shares of the healthcare conglomerate’s stock worth $4,542,000 after acquiring an additional 356 shares during the period. Goldstone Financial Group LLC grew its stake in UnitedHealth Group by 21.0% during the 4th quarter. Goldstone Financial Group LLC now owns 1,169 shares of the healthcare conglomerate’s stock valued at $591,000 after purchasing an additional 203 shares during the last quarter. Capital Planning LLC raised its stake in shares of UnitedHealth Group by 19.2% in the fourth quarter. Capital Planning LLC now owns 491 shares of the healthcare conglomerate’s stock worth $248,000 after purchasing an additional 79 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in UnitedHealth Group in the 4th quarter worth approximately $902,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on UNH. TD Cowen upped their price objective on shares of UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a report on Friday, October 18th. Hsbc Global Res raised UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. Stephens upped their target price on UnitedHealth Group from $605.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Piper Sandler reduced their price target on UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Finally, Morgan Stanley dropped their price objective on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $626.79.

UnitedHealth Group Price Performance

UNH stock opened at $511.02 on Friday. UnitedHealth Group Incorporated has a 1 year low of $436.38 and a 1 year high of $630.73. The firm has a market capitalization of $470.28 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 1.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $553.38 and a 200-day simple moving average of $562.98.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping the consensus estimate of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. The business had revenue of $100.81 billion for the quarter, compared to analyst estimates of $101.60 billion. During the same quarter in the previous year, the firm earned $5.83 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that UnitedHealth Group Incorporated will post 27.6 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were given a $2.10 dividend. The ex-dividend date was Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 1.64%. UnitedHealth Group’s payout ratio is 54.72%.

UnitedHealth Group Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company 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 health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.