Seilern Investment Management Ltd Has $137.80 Million Position in UnitedHealth Group Incorporated (NYSE:UNH)

Seilern Investment Management Ltd cut its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,098 shares of the healthcare conglomerate’s stock after selling 39,386 shares during the quarter. UnitedHealth Group accounts for 9.0% of Seilern Investment Management Ltd’s portfolio, making the stock its 2nd largest holding. Seilern Investment Management Ltd’s holdings in UnitedHealth Group were worth $137,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of UNH. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of UnitedHealth Group by 6.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,729 shares of the healthcare conglomerate’s stock valued at $1,953,000 after buying an additional 211 shares in the last quarter. Sivia Capital Partners LLC grew its stake in UnitedHealth Group by 20.2% during the 1st quarter. Sivia Capital Partners LLC now owns 3,010 shares of the healthcare conglomerate’s stock valued at $1,576,000 after acquiring an additional 505 shares in the last quarter. First City Capital Management Inc. increased its holdings in shares of UnitedHealth Group by 4.6% in the 1st quarter. First City Capital Management Inc. now owns 1,183 shares of the healthcare conglomerate’s stock valued at $620,000 after purchasing an additional 52 shares during the period. Persium Advisors LLC boosted its holdings in shares of UnitedHealth Group by 19.5% during the first quarter. Persium Advisors LLC now owns 1,178 shares of the healthcare conglomerate’s stock worth $617,000 after purchasing an additional 192 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in UnitedHealth Group by 0.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 203,819 shares of the healthcare conglomerate’s stock valued at $106,750,000 after buying an additional 1,677 shares during the period. 87.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Timothy Patrick Flynn bought 1,533 shares of the stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of $320.80 per share, with a total value of $491,786.40. Following the acquisition, the director now owns 6,033 shares in the company, valued at $1,935,386.40. This trade represents a 34.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John H. Noseworthy purchased 300 shares of UnitedHealth Group stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $312.16 per share, for a total transaction of $93,648.00. Following the completion of the transaction, the director now owns 6,063 shares of the company’s stock, valued at approximately $1,892,626.08. This represents a 5.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 109,408 shares of company stock worth $31,607,768 over the last quarter. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UNH. Piper Sandler dropped their price target on shares of UnitedHealth Group from $552.00 to $353.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 3rd. TD Cowen downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $308.00 price target for the company. in a research note on Monday, May 19th. Raymond James downgraded UnitedHealth Group from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, May 14th. KeyCorp reduced their target price on shares of UnitedHealth Group from $450.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, June 2nd. Finally, Argus downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $428.43.

UnitedHealth Group Stock Performance

NYSE:UNH opened at $303.24 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The firm’s 50-day moving average is $409.03 and its 200-day moving average is $483.40. UnitedHealth Group Incorporated has a 52-week low of $248.88 and a 52-week high of $630.73. The company has a market cap of $275.08 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.37 and a beta of 0.44.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.09). The firm had revenue of $109.58 billion for the quarter, compared to analyst estimates of $111.56 billion. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. During the same period in the previous year, the business posted $6.91 EPS. Equities research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Monday, June 16th will be paid a $2.21 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $8.84 dividend on an annualized basis and a yield of 2.92%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $2.10. UnitedHealth Group’s payout ratio is presently 37.02%.

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.