Stephens Inc. AR lessened its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 8.2% during the second quarter, Holdings Channel.com reports. The firm owned 29,138 shares of the healthcare conglomerate’s stock after selling 2,588 shares during the quarter. Stephens Inc. AR’s holdings in UnitedHealth Group were worth $9,090,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Citizens National Bank Trust Department lifted its holdings in UnitedHealth Group by 1.0% in the first quarter. Citizens National Bank Trust Department now owns 17,886 shares of the healthcare conglomerate’s stock valued at $9,368,000 after buying an additional 170 shares during the period. Caitlin John LLC lifted its holdings in UnitedHealth Group by 14.8% in the first quarter. Caitlin John LLC now owns 862 shares of the healthcare conglomerate’s stock valued at $451,000 after buying an additional 111 shares during the period. Triumph Capital Management acquired a new position in UnitedHealth Group in the second quarter valued at $1,324,000. Wealth Effects LLC lifted its holdings in UnitedHealth Group by 14.4% in the second quarter. Wealth Effects LLC now owns 4,688 shares of the healthcare conglomerate’s stock valued at $1,463,000 after buying an additional 591 shares during the period. Finally, Arlington Partners LLC acquired a new position in UnitedHealth Group in the second quarter valued at $2,229,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
UnitedHealth Group Trading Up 2.2%
NYSE:UNH opened at $364.31 on Tuesday. UnitedHealth Group Incorporated has a one year low of $234.60 and a one year high of $630.73. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $331.62 and a 200-day moving average of $341.12. The company has a market cap of $329.95 billion, a PE ratio of 15.78, a PEG ratio of 2.31 and a beta of 0.47.
UnitedHealth Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th were paid a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 15th. UnitedHealth Group’s payout ratio is presently 38.30%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Robert W. Baird reiterated an “underperform” rating and set a $198.00 price objective (down previously from $312.00) on shares of UnitedHealth Group in a report on Thursday, July 31st. Baird R W lowered shares of UnitedHealth Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 31st. Royal Bank Of Canada dropped their price objective on shares of UnitedHealth Group from $355.00 to $286.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Bank of America upped their price objective on shares of UnitedHealth Group from $350.00 to $390.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group assumed coverage on shares of UnitedHealth Group in a report on Tuesday, October 14th. They set a “buy” rating and a $406.00 price objective on the stock. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, UnitedHealth Group presently has an average rating of “Hold” and an average target price of $385.13.
View Our Latest Research Report on UNH
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.
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