UnitedHealth Group Inc. (UNH) to Issue Quarterly Dividend of $0.63 on December 13th
UnitedHealth Group Inc. (NYSE:UNH) announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.625 per share by the healthcare conglomerate on Tuesday, December 13th. This represents a $2.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, November 30th.
Shares of UnitedHealth Group (NYSE:UNH) opened at 152.11 on Tuesday. The stock has a 50 day moving average price of $143.81 and a 200 day moving average price of $139.88. The stock has a market capitalization of $144.61 billion, a P/E ratio of 25.31 and a beta of 0.63. UnitedHealth Group has a one year low of $107.51 and a one year high of $154.50.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 18th. The healthcare conglomerate reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.09. UnitedHealth Group had a return on equity of 19.92% and a net margin of 3.62%. The firm had revenue of $46.30 billion for the quarter, compared to analysts’ expectations of $46.09 billion. During the same period last year, the firm earned $1.77 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Equities analysts forecast that UnitedHealth Group will post $8.01 earnings per share for the current year.
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In other news, Director Richard T. Burke sold 40,000 shares of UnitedHealth Group stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $135.31, for a total transaction of $5,412,400.00. Following the sale, the director now owns 2,003,550 shares of the company’s stock, valued at approximately $271,100,350.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP D Ellen Wilson sold 14,365 shares of the business’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $144.18, for a total value of $2,071,145.70. Following the completion of the sale, the executive vice president now directly owns 66,635 shares in the company, valued at approximately $9,607,434.30. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. AXA raised its stake in shares of UnitedHealth Group by 4.9% in the second quarter. AXA now owns 1,053,508 shares of the healthcare conglomerate’s stock worth $148,755,000 after buying an additional 49,280 shares during the last quarter. GAM Holding AG raised its stake in shares of UnitedHealth Group by 24.2% in the second quarter. GAM Holding AG now owns 285,177 shares of the healthcare conglomerate’s stock worth $40,267,000 after buying an additional 55,524 shares during the last quarter. Atlantic Trust Group LLC raised its stake in shares of UnitedHealth Group by 1.7% in the second quarter. Atlantic Trust Group LLC now owns 1,063,265 shares of the healthcare conglomerate’s stock worth $150,133,000 after buying an additional 17,444 shares during the last quarter. Van Hulzen Asset Management LLC purchased a new stake in shares of UnitedHealth Group during the second quarter worth about $104,000. Finally, Engineers Gate Manager LP raised its stake in shares of UnitedHealth Group by 634.5% in the second quarter. Engineers Gate Manager LP now owns 21,300 shares of the healthcare conglomerate’s stock worth $3,008,000 after buying an additional 18,400 shares during the last quarter. 84.92% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. Leerink Swann reiterated a “buy” rating on shares of UnitedHealth Group in a report on Wednesday, November 23rd. Mizuho cut UnitedHealth Group from a “buy” rating to a “neutral” rating in a report on Wednesday, November 9th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of UnitedHealth Group in a report on Friday, October 21st. Vetr cut UnitedHealth Group from a “buy” rating to a “hold” rating and set a $144.66 price objective on the stock. in a report on Tuesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating and issued a $163.00 price objective on shares of UnitedHealth Group in a report on Sunday, October 16th. Two investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. UnitedHealth Group presently has an average rating of “Buy” and a consensus target price of $158.03.
About UnitedHealth Group
UnitedHealth Group Incorporated is a diversified healthcare company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. The Company conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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