Gen Wealth Partners Inc Boosts Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Gen Wealth Partners Inc increased its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 10.7% in the 4th quarter, HoldingsChannel reports. The fund owned 3,516 shares of the healthcare conglomerate’s stock after purchasing an additional 341 shares during the quarter. UnitedHealth Group makes up approximately 0.8% of Gen Wealth Partners Inc’s holdings, making the stock its 24th biggest holding. Gen Wealth Partners Inc’s holdings in UnitedHealth Group were worth $1,779,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. NewSquare Capital LLC purchased a new position in UnitedHealth Group during the fourth quarter worth about $25,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in UnitedHealth Group in the 4th quarter valued at approximately $26,000. Hurley Capital LLC acquired a new position in UnitedHealth Group during the fourth quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of UnitedHealth Group in the fourth quarter valued at $30,000. Finally, AlphaMark Advisors LLC purchased a new position in UnitedHealth Group during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on UNH shares. Robert W. Baird reduced their price target on shares of UnitedHealth Group from $640.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Mizuho boosted their price target on shares of UnitedHealth Group from $600.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 9th. Hsbc Global Res lowered UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Argus lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Monday, April 21st. Finally, KeyCorp reduced their target price on shares of UnitedHealth Group from $650.00 to $575.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $596.86.

UnitedHealth Group Trading Down 1.3 %

NYSE UNH opened at $380.72 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. UnitedHealth Group Incorporated has a one year low of $378.54 and a one year high of $630.73. The firm’s fifty day moving average is $488.01 and its two-hundred day moving average is $522.60. The firm has a market cap of $346.54 billion, a PE ratio of 24.56, a P/E/G ratio of 1.37 and a beta of 0.56.

UnitedHealth Group (NYSE:UNH) last announced its earnings results 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). UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The company had revenue of $109.58 billion during the quarter, compared to analysts’ expectations of $111.56 billion. During the same quarter last year, the business posted $6.91 earnings per share. Analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group’s dividend payout ratio is presently 35.18%.

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.