APG Asset Management US Inc. Has $9.65 Million Stake in UnitedHealth Group Incorporated (NYSE:UNH)

APG Asset Management US Inc. trimmed its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 26.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 19,083 shares of the healthcare conglomerate’s stock after selling 6,826 shares during the quarter. APG Asset Management US Inc.’s holdings in UnitedHealth Group were worth $9,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Azimuth Capital Investment Management LLC increased its stake in UnitedHealth Group by 1.1% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 53,866 shares of the healthcare conglomerate’s stock valued at $27,249,000 after acquiring an additional 561 shares during the last quarter. Tandem Investment Partners LLC acquired a new stake in UnitedHealth Group in the fourth quarter valued at about $581,000. APG Asset Management N.V. raised its stake in UnitedHealth Group by 440.4% during the fourth quarter. APG Asset Management N.V. now owns 886,446 shares of the healthcare conglomerate’s stock worth $433,044,000 after acquiring an additional 722,421 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of UnitedHealth Group in the 4th quarter valued at approximately $1,253,000. Finally, Renaissance Technologies LLC bought a new position in UnitedHealth Group in the 4th quarter valued at approximately $140,962,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

Insider Activity

In other news, Director Timothy Patrick Flynn purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at $2,302,065. This represents a 28.57 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UNH shares. Hsbc Global Res upgraded UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Barclays dropped their target price on shares of UnitedHealth Group from $655.00 to $642.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. KeyCorp reaffirmed an “overweight” rating and set a $650.00 price target on shares of UnitedHealth Group in a research note on Friday, January 17th. Truist Financial lowered their target price on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Twenty equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, UnitedHealth Group presently has a consensus rating of “Buy” and a consensus target price of $629.32.

UnitedHealth Group Trading Up 5.5 %

Shares of UNH stock opened at $553.81 on Wednesday. The stock has a market capitalization of $506.57 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.37 and a beta of 0.61. UnitedHealth Group Incorporated has a 1 year low of $436.38 and a 1 year high of $630.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The company’s fifty day simple moving average is $509.40 and its two-hundred day simple moving average is $541.42.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.07. The firm had revenue of $100.81 billion for the quarter, compared to analysts’ expectations of $101.60 billion. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.83 earnings per share. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $2.10 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 1.52%. UnitedHealth Group’s dividend payout ratio is presently 54.19%.

About UnitedHealth Group

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.