UnitedHealth Group Incorporated $UNH Shares Purchased by Citizens Business Bank

Citizens Business Bank raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,368 shares of the healthcare conglomerate’s stock after purchasing an additional 75 shares during the quarter. Citizens Business Bank’s holdings in UnitedHealth Group were worth $2,611,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Hoese & Co LLP grew its holdings in shares of UnitedHealth Group by 566.7% during the second quarter. Hoese & Co LLP now owns 1,000 shares of the healthcare conglomerate’s stock valued at $312,000 after purchasing an additional 850 shares during the last quarter. Ariston Services Group grew its holdings in shares of UnitedHealth Group by 13.6% during the second quarter. Ariston Services Group now owns 953 shares of the healthcare conglomerate’s stock valued at $297,000 after purchasing an additional 114 shares during the last quarter. Huntleigh Advisors Inc. grew its holdings in shares of UnitedHealth Group by 331.5% during the second quarter. Huntleigh Advisors Inc. now owns 8,700 shares of the healthcare conglomerate’s stock valued at $2,714,000 after purchasing an additional 6,684 shares during the last quarter. Kanawha Capital Management LLC grew its holdings in shares of UnitedHealth Group by 47.0% during the second quarter. Kanawha Capital Management LLC now owns 2,433 shares of the healthcare conglomerate’s stock valued at $759,000 after purchasing an additional 778 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC grew its holdings in shares of UnitedHealth Group by 8.0% during the second quarter. Nicholson Wealth Management Group LLC now owns 3,071 shares of the healthcare conglomerate’s stock valued at $958,000 after purchasing an additional 228 shares during the last quarter. 87.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on UNH shares. Zacks Research upgraded UnitedHealth Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their target price on UnitedHealth Group from $310.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Jefferies Financial Group raised their target price on UnitedHealth Group from $317.00 to $409.00 and gave the company a “buy” rating in a research report on Friday. Bank of America raised their target price on UnitedHealth Group from $350.00 to $390.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, Truist Financial raised their target price on UnitedHealth Group from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $385.13.

UnitedHealth Group Stock Performance

Shares of NYSE UNH opened at $356.53 on Friday. UnitedHealth Group Incorporated has a 1 year low of $234.60 and a 1 year high of $630.73. The stock has a fifty day moving average price of $329.38 and a two-hundred day moving average price of $344.86. The firm has a market cap of $322.90 billion, a P/E ratio of 15.45, a PEG ratio of 2.31 and a beta of 0.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 EPS for the quarter, missing analysts’ consensus estimates of $4.45 by ($0.37). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The company had revenue of $111.62 billion for the quarter, compared to analyst estimates of $111.75 billion. During the same quarter last year, the company posted $6.80 EPS. UnitedHealth Group’s revenue was up 12.9% on a year-over-year basis. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Research analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were given a $2.21 dividend. This represents a $8.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group’s dividend payout ratio (DPR) is 38.30%.

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.