Forum Financial Management LP Acquires 168 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Forum Financial Management LP increased its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,648 shares of the healthcare conglomerate’s stock after purchasing an additional 168 shares during the quarter. Forum Financial Management LP’s holdings in UnitedHealth Group were worth $4,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in UnitedHealth Group in the fourth quarter worth about $26,000. Hurley Capital LLC purchased a new stake in shares of UnitedHealth Group during the fourth quarter worth about $28,000. Aster Capital Management DIFC Ltd acquired a new position in UnitedHealth Group in the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda purchased a new stake in UnitedHealth Group during the 4th quarter worth approximately $41,000. Finally, Copia Wealth Management acquired a new stake in UnitedHealth Group during the 4th quarter worth $42,000. 87.86% of the stock is owned by institutional investors.

Insider Transactions at UnitedHealth Group

In related news, CEO Stephen J. Hemsley purchased 86,700 shares of UnitedHealth Group stock in a transaction on Friday, May 16th. The stock was acquired at an average cost of $288.57 per share, for a total transaction of $25,019,019.00. Following the completion of the acquisition, the chief executive officer owned 679,493 shares of the company’s stock, valued at $196,081,295.01. This trade represents a 14.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John F. Rex acquired 17,175 shares of the company’s stock in a transaction on Friday, May 16th. The stock was acquired at an average cost of $291.12 per share, for a total transaction of $4,999,986.00. Following the completion of the purchase, the chief financial officer directly owned 203,796 shares of the company’s stock, valued at approximately $59,329,091.52. This represents a 9.20% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 109,408 shares of company stock worth $31,607,768. 0.28% of the stock is currently owned by insiders.

UnitedHealth Group Stock Up 0.2%

Shares of NYSE UNH opened at $292.20 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group Incorporated has a 1 year low of $248.88 and a 1 year high of $630.73. The stock’s 50-day simple moving average is $308.39 and its 200-day simple moving average is $436.45. The firm has a market cap of $265.06 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.40 and a beta of 0.45.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.29% and a net margin of 5.39%. The company had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. During the same period in the previous year, the firm posted $6.91 EPS. As a group, equities analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Monday, June 16th were paid a $2.21 dividend. This is an increase from UnitedHealth Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Monday, June 16th. This represents a $8.84 annualized dividend and a yield of 3.03%. UnitedHealth Group’s dividend payout ratio is presently 37.02%.

Analyst Ratings Changes

A number of research firms have recently issued reports on UNH. JPMorgan Chase & Co. lifted their price objective on shares of UnitedHealth Group from $405.00 to $418.00 and gave the company an “overweight” rating in a research note on Friday, June 20th. Bank of America downgraded UnitedHealth Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $560.00 to $350.00 in a research report on Wednesday, May 14th. KeyCorp decreased their price objective on UnitedHealth Group from $450.00 to $400.00 and set an “overweight” rating on the stock in a research note on Monday, June 2nd. Wall Street Zen lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Wolfe Research lowered their price target on shares of UnitedHealth Group from $501.00 to $390.00 and set an “outperform” rating on the stock in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.35.

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.