SevenBridge Financial Group LLC trimmed its stake in UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 7.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,458 shares of the healthcare conglomerate’s stock after selling 544 shares during the period. UnitedHealth Group accounts for approximately 1.2% of SevenBridge Financial Group LLC’s holdings, making the stock its 25th largest position. SevenBridge Financial Group LLC’s holdings in UnitedHealth Group were worth $3,293,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of UNH. State Street Corp increased its stake in UnitedHealth Group by 1.9% in the 4th quarter. State Street Corp now owns 45,559,868 shares of the healthcare conglomerate’s stock worth $22,877,432,000 after buying an additional 869,827 shares in the last quarter. Capital International Investors increased its stake in UnitedHealth Group by 4.3% in the 4th quarter. Capital International Investors now owns 19,342,468 shares of the healthcare conglomerate’s stock worth $9,713,058,000 after buying an additional 790,219 shares in the last quarter. Geode Capital Management LLC increased its stake in UnitedHealth Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,618,069 shares of the healthcare conglomerate’s stock worth $7,821,210,000 after buying an additional 189,864 shares in the last quarter. Alliancebernstein L.P. increased its stake in UnitedHealth Group by 2.4% in the 4th quarter. Alliancebernstein L.P. now owns 11,015,163 shares of the healthcare conglomerate’s stock worth $5,531,154,000 after buying an additional 257,910 shares in the last quarter. Finally, Norges Bank bought a new position in shares of UnitedHealth Group during the 4th quarter valued at about $4,478,185,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
In other news, Director Frederick William Mcnabb III bought 89 shares of the stock in a transaction on Thursday, May 26th. The stock was bought at an average cost of $504.32 per share, for a total transaction of $44,884.48. Following the completion of the purchase, the director now directly owns 11,259 shares in the company, valued at $5,678,138.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Burke sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $478.96, for a total transaction of $1,197,400.00. Following the completion of the sale, the director now owns 1,215,000 shares of the company’s stock, valued at $581,936,400. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Shares of NYSE:UNH opened at $495.64 on Monday. The firm has a market cap of $465.00 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.54 and a beta of 0.83. The firm’s 50 day simple moving average is $495.07 and its 200-day simple moving average is $491.64. UnitedHealth Group Incorporated has a one year low of $383.12 and a one year high of $553.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.78 and a current ratio of 0.78.
UnitedHealth Group (NYSE:UNH – Get Rating) last issued its earnings results on Thursday, April 14th. The healthcare conglomerate reported $5.49 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.09. The business had revenue of $80.15 billion for the quarter, compared to analyst estimates of $78.77 billion. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $5.31 earnings per share. Equities research analysts predict that UnitedHealth Group Incorporated will post 21.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 1.33%. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date is Thursday, June 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 36.12%.
UNH has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of UnitedHealth Group from $613.00 to $612.00 and set an “overweight” rating for the company in a report on Wednesday, May 25th. Royal Bank of Canada set a $563.00 price objective on shares of UnitedHealth Group and gave the company an “outperform” rating in a report on Monday, April 18th. Barclays increased their price target on shares of UnitedHealth Group from $495.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. Truist Financial increased their price target on shares of UnitedHealth Group from $575.00 to $610.00 in a report on Thursday, April 7th. Finally, Raymond James increased their price target on shares of UnitedHealth Group from $540.00 to $620.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 19th. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $555.73.
About UnitedHealth Group (Get Rating)
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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 well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children’s health insurance and health care programs; health and dental benefits; and hospital and clinical services.
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