Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stake in UnitedHealth Group Incorporated $UNH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,481 shares of the healthcare conglomerate’s stock after buying an additional 12,024 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in UnitedHealth Group were worth $69,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Empower Advisory Group LLC increased its holdings in UnitedHealth Group by 38.5% during the 2nd quarter. Empower Advisory Group LLC now owns 348,953 shares of the healthcare conglomerate’s stock worth $108,863,000 after purchasing an additional 97,063 shares during the period. Foundations Investment Advisors LLC grew its holdings in UnitedHealth Group by 12.2% in the second quarter. Foundations Investment Advisors LLC now owns 61,046 shares of the healthcare conglomerate’s stock worth $19,045,000 after purchasing an additional 6,655 shares during the last quarter. Prospect Financial Services LLC purchased a new position in shares of UnitedHealth Group in the 2nd quarter valued at approximately $235,000. Islay Capital Management LLC acquired a new stake in UnitedHealth Group during the 2nd quarter worth about $31,000. Finally, Davis Selected Advisers increased its stake in shares of UnitedHealth Group by 2,234.9% in the second quarter. Davis Selected Advisers now owns 1,132,885 shares of the healthcare conglomerate’s stock worth $353,426,000 after acquiring an additional 1,084,366 shares during the period. 87.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UNH shares. KeyCorp lifted their price target on shares of UnitedHealth Group from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price target on shares of UnitedHealth Group from $317.00 to $409.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Weiss Ratings upgraded UnitedHealth Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Morgan Stanley boosted their target price on shares of UnitedHealth Group from $325.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, TD Cowen boosted their price objective on shares of UnitedHealth Group from $335.00 to $338.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, UnitedHealth Group currently has an average rating of “Moderate Buy” and an average price target of $397.12.

UnitedHealth Group Price Performance

Shares of UNH stock opened at $321.44 on Friday. The firm has a fifty day simple moving average of $347.65 and a 200-day simple moving average of $320.06. The company has a current ratio of 0.82, a quick ratio of 0.85 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $291.17 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.28 and a beta of 0.47. UnitedHealth Group Incorporated has a twelve month low of $234.60 and a twelve month high of $622.83.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.05. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The firm had revenue of $113.16 billion during the quarter, compared to the consensus estimate of $113.19 billion. During the same quarter in the prior year, the business posted $7.15 earnings per share. UnitedHealth Group’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 8th will be paid a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, December 8th. UnitedHealth Group’s dividend payout ratio (DPR) is 46.14%.

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.