Souders Financial Advisors Sells 2,109 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Souders Financial Advisors cut its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,412 shares of the healthcare conglomerate’s stock after selling 2,109 shares during the period. Souders Financial Advisors’ holdings in UnitedHealth Group were worth $4,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Snider Financial Group increased its holdings in shares of UnitedHealth Group by 16.6% during the fourth quarter. Snider Financial Group now owns 6,580 shares of the healthcare conglomerate’s stock worth $3,328,000 after buying an additional 938 shares in the last quarter. Triad Wealth Partners LLC bought a new position in UnitedHealth Group in the 4th quarter valued at $1,198,000. Carrera Capital Advisors increased its stake in shares of UnitedHealth Group by 9.3% in the fourth quarter. Carrera Capital Advisors now owns 553 shares of the healthcare conglomerate’s stock valued at $280,000 after buying an additional 47 shares in the last quarter. Victory Capital Management Inc. lifted its position in UnitedHealth Group by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 627,739 shares of the healthcare conglomerate’s stock worth $317,548,000 after buying an additional 22,788 shares in the last quarter. Finally, Keybank National Association OH increased its position in UnitedHealth Group by 0.6% in the 4th quarter. Keybank National Association OH now owns 197,617 shares of the healthcare conglomerate’s stock valued at $99,967,000 after acquiring an additional 1,193 shares in the last quarter. Institutional investors own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UNH shares. Wells Fargo & Company lowered their price target on shares of UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. HSBC raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 price target on the stock in a research note on Friday, January 10th. KeyCorp reissued an “overweight” rating and set a $650.00 price objective on shares of UnitedHealth Group in a report on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $700.00 price target on shares of UnitedHealth Group in a research report on Friday, January 17th. Finally, StockNews.com raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $629.32.

UnitedHealth Group Stock Up 1.6 %

Shares of UNH stock opened at $474.58 on Wednesday. The company has a market capitalization of $436.74 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 1.37 and a beta of 0.61. UnitedHealth Group Incorporated has a 12-month low of $436.38 and a 12-month high of $630.73. The firm has a fifty day moving average of $515.18 and a 200-day moving average of $555.37. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, beating analysts’ consensus estimates of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $100.81 billion for the quarter, compared to analyst estimates of $101.60 billion. During the same period in the previous year, the company posted $5.83 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a $2.10 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 1.77%. UnitedHealth Group’s payout ratio is currently 54.19%.

Insider Transactions at UnitedHealth Group

In related news, Director Timothy Patrick Flynn purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the completion of the purchase, the director now directly owns 4,500 shares in the company, valued at $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

UnitedHealth Group Company 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.