Opal Wealth Advisors LLC Purchases 221 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Opal Wealth Advisors LLC boosted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 5.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,343 shares of the healthcare conglomerate’s stock after buying an additional 221 shares during the quarter. UnitedHealth Group makes up about 0.7% of Opal Wealth Advisors LLC’s holdings, making the stock its 18th biggest holding. Opal Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $2,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNH. NewSquare Capital LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter worth about $25,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of UnitedHealth Group in the 4th quarter worth about $26,000. Hurley Capital LLC purchased a new stake in UnitedHealth Group during the 4th quarter valued at about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in UnitedHealth Group during the 4th quarter valued at about $30,000. Finally, Promus Capital LLC purchased a new stake in UnitedHealth Group during the 4th quarter valued at about $32,000. 87.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UNH. Deutsche Bank Aktiengesellschaft dropped their price target on shares of UnitedHealth Group from $521.00 to $362.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Robert W. Baird downgraded shares of UnitedHealth Group from an “outperform” rating to a “neutral” rating and set a $312.00 price target on the stock. in a report on Wednesday. Piper Sandler dropped their price target on shares of UnitedHealth Group from $552.00 to $353.00 and set an “overweight” rating on the stock in a report on Tuesday, June 3rd. Raymond James downgraded shares of UnitedHealth Group from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, May 14th. Finally, Bank of America downgraded shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $560.00 to $350.00 in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $426.52.

UnitedHealth Group Trading Down 1.6%

UNH stock opened at $313.39 on Friday. The firm has a fifty day moving average price of $386.66 and a 200 day moving average price of $474.19. UnitedHealth Group Incorporated has a fifty-two week low of $248.88 and a fifty-two week high of $630.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The firm has a market cap of $284.28 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.37 and a beta of 0.45.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.09). The business had revenue of $109.58 billion during the quarter, compared to analysts’ expectations of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same period last year, the business posted $6.91 earnings per share. Sell-side analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Monday, June 16th will be paid a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a yield of 2.82%. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $2.10. The ex-dividend date is Monday, June 16th. UnitedHealth Group’s payout ratio is presently 37.02%.

Insider Activity

In other news, CEO Stephen J. Hemsley acquired 86,700 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was purchased at an average cost of $288.57 per share, for a total transaction of $25,019,019.00. Following the completion of the acquisition, the chief executive officer now directly owns 679,493 shares of the company’s stock, valued at $196,081,295.01. The trade was a 14.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy Patrick Flynn acquired 1,533 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $320.80 per share, with a total value of $491,786.40. Following the completion of the acquisition, the director now directly owns 6,033 shares of the company’s stock, valued at $1,935,386.40. This represents a 34.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 109,408 shares of company stock valued at $31,607,768. 0.28% of the stock is currently owned by company insiders.

UnitedHealth Group Company 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.