Tempus Wealth Planning LLC lessened its position in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 68.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,040 shares of the healthcare conglomerate’s stock after selling 2,209 shares during the period. Tempus Wealth Planning LLC’s holdings in UnitedHealth Group were worth $359,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of UNH. LFA Lugano Financial Advisors SA bought a new stake in shares of UnitedHealth Group during the 2nd quarter valued at approximately $25,000. Sagard Holdings Management Inc. bought a new stake in shares of UnitedHealth Group during the second quarter worth $29,000. Cloud Capital Management LLC bought a new position in shares of UnitedHealth Group in the 3rd quarter valued at $32,000. Grey Fox Wealth Advisors LLC bought a new stake in UnitedHealth Group during the 3rd quarter worth $33,000. Finally, Islay Capital Management LLC bought a new position in UnitedHealth Group in the second quarter valued at about $31,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
UnitedHealth Group Stock Down 0.5%
Shares of NYSE UNH opened at $275.17 on Tuesday. UnitedHealth Group Incorporated has a 12-month low of $234.60 and a 12-month high of $606.36. The company has a quick ratio of 0.82, a current ratio of 0.79 and a debt-to-equity ratio of 0.72. The firm has a market cap of $249.26 billion, a PE ratio of 20.86, a P/E/G ratio of 1.27 and a beta of 0.41. The company’s fifty day simple moving average is $324.91 and its 200 day simple moving average is $323.43.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 price objective for the company. in a research note on Wednesday, October 29th. Piper Sandler reiterated an “overweight” rating on shares of UnitedHealth Group in a report on Tuesday, January 27th. Truist Financial decreased their price objective on UnitedHealth Group from $410.00 to $370.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Royal Bank Of Canada decreased their price target on UnitedHealth Group from $408.00 to $361.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Finally, Barclays reduced their target price on UnitedHealth Group from $391.00 to $327.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $372.13.
Get Our Latest Report on UnitedHealth Group
UnitedHealth Group Company Profile
UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.
UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.
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