Bridgeway Capital Management LLC Acquires 3,665 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Bridgeway Capital Management LLC increased its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,613 shares of the healthcare conglomerate’s stock after acquiring an additional 3,665 shares during the quarter. Bridgeway Capital Management LLC’s holdings in UnitedHealth Group were worth $19,533,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UNH. NewSquare Capital LLC acquired a new position in UnitedHealth Group during the 4th quarter worth approximately $25,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of UnitedHealth Group in the 4th quarter worth $26,000. Hurley Capital LLC bought a new stake in UnitedHealth Group during the 4th quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of UnitedHealth Group in the fourth quarter valued at $30,000. Finally, AlphaMark Advisors LLC bought a new stake in shares of UnitedHealth Group during the fourth quarter worth about $30,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Stock Up 1.2 %

UNH opened at $404.81 on Tuesday. The company has a 50 day moving average of $494.68 and a 200 day moving average of $527.03. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a 12 month low of $393.11 and a 12 month high of $630.73. The company has a market cap of $368.47 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $109.58 billion for the quarter, compared to analysts’ expectations of $111.56 billion. During the same period last year, the company posted $6.91 EPS. On average, sell-side analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 2.08%. The ex-dividend date was Monday, March 10th. UnitedHealth Group’s payout ratio is 35.18%.

Wall Street Analyst Weigh In

A number of analysts have commented on UNH shares. KeyCorp decreased their price objective on UnitedHealth Group from $650.00 to $575.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Cantor Fitzgerald restated an “overweight” rating and set a $700.00 price objective on shares of UnitedHealth Group in a research note on Friday, January 17th. Argus downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Monday, April 21st. Erste Group Bank downgraded shares of UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, HSBC restated a “hold” rating and issued a $490.00 target price on shares of UnitedHealth Group in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $596.86.

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.