Prudent Man Advisors LLC raised its holdings in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 34.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,659 shares of the healthcare conglomerate’s stock after acquiring an additional 932 shares during the quarter. Prudent Man Advisors LLC’s holdings in UnitedHealth Group were worth $1,141,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Citizens National Bank Trust Department increased its position in shares of UnitedHealth Group by 1.0% during the first quarter. Citizens National Bank Trust Department now owns 17,886 shares of the healthcare conglomerate’s stock worth $9,368,000 after buying an additional 170 shares during the period. Caitlin John LLC increased its position in shares of UnitedHealth Group by 14.8% during the first quarter. Caitlin John LLC now owns 862 shares of the healthcare conglomerate’s stock worth $451,000 after buying an additional 111 shares during the period. Triumph Capital Management acquired a new stake in shares of UnitedHealth Group during the second quarter worth $1,324,000. Wealth Effects LLC increased its position in shares of UnitedHealth Group by 14.4% during the second quarter. Wealth Effects LLC now owns 4,688 shares of the healthcare conglomerate’s stock worth $1,463,000 after buying an additional 591 shares during the period. Finally, Arlington Partners LLC acquired a new stake in shares of UnitedHealth Group during the second quarter worth $2,229,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.
UnitedHealth Group Stock Up 0.6%
Shares of NYSE UNH opened at $362.78 on Friday. The stock has a market capitalization of $328.56 billion, a P/E ratio of 15.72, a P/E/G ratio of 2.35 and a beta of 0.47. The company has a 50-day moving average price of $338.43 and a 200-day moving average price of $337.48. UnitedHealth Group Incorporated has a 1 year low of $234.60 and a 1 year high of $630.73. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85.
UnitedHealth Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were given a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 38.30%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on UNH shares. Weiss Ratings upgraded shares of UnitedHealth Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Oppenheimer reduced their price target on shares of UnitedHealth Group from $400.00 to $325.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. KeyCorp raised their price target on shares of UnitedHealth Group from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. The Goldman Sachs Group initiated coverage on shares of UnitedHealth Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $406.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of UnitedHealth Group from $310.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $385.13.
Get Our Latest Stock Analysis on UNH
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.
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