Lavaca Capital LLC Reduces Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

Lavaca Capital LLC lowered its stake in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 67.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,119 shares of the healthcare conglomerate’s stock after selling 6,529 shares during the period. UnitedHealth Group accounts for approximately 0.9% of Lavaca Capital LLC’s portfolio, making the stock its 18th largest holding. Lavaca Capital LLC’s holdings in UnitedHealth Group were worth $1,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. One Capital Management LLC increased its stake in UnitedHealth Group by 2.9% in the 3rd quarter. One Capital Management LLC now owns 3,121 shares of the healthcare conglomerate’s stock worth $1,574,000 after acquiring an additional 87 shares during the last quarter. Valley Wealth Managers Inc. grew its stake in UnitedHealth Group by 3.0% in the 3rd quarter. Valley Wealth Managers Inc. now owns 1,050 shares of the healthcare conglomerate’s stock worth $529,000 after buying an additional 31 shares in the last quarter. Navellier & Associates Inc. grew its position in UnitedHealth Group by 13.8% in the third quarter. Navellier & Associates Inc. now owns 1,585 shares of the healthcare conglomerate’s stock worth $799,000 after acquiring an additional 192 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in UnitedHealth Group by 0.6% during the third quarter. Tocqueville Asset Management L.P. now owns 25,312 shares of the healthcare conglomerate’s stock valued at $12,762,000 after purchasing an additional 159 shares in the last quarter. Finally, 1ST Source Bank raised its holdings in shares of UnitedHealth Group by 5.0% during the 3rd quarter. 1ST Source Bank now owns 1,677 shares of the healthcare conglomerate’s stock valued at $846,000 after buying an additional 80 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Stock Performance

UNH traded down $2.43 during midday trading on Wednesday, hitting $493.79. 853,397 shares of the company traded hands, compared to its average volume of 4,127,699. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average is $491.22 and its 200 day moving average is $506.86. UnitedHealth Group Incorporated has a 52 week low of $436.38 and a 52 week high of $554.70. The firm has a market capitalization of $454.48 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.44 and a beta of 0.58.

UnitedHealth Group (NYSE:UNHGet Free Report) last announced its earnings results on Tuesday, April 16th. The healthcare conglomerate reported $6.91 earnings per share for the quarter, beating analysts’ consensus estimates of $6.63 by $0.28. The business had revenue of $99.80 billion during the quarter, compared to analyst estimates of $99.23 billion. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. During the same period in the previous year, the business earned $6.26 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect that UnitedHealth Group Incorporated will post 27.57 EPS for the current year.

UnitedHealth Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 17th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.88. This represents a $8.40 annualized dividend and a yield of 1.70%. UnitedHealth Group’s payout ratio is 45.97%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen decreased their price target on shares of UnitedHealth Group from $607.00 to $546.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Morgan Stanley lowered their price target on shares of UnitedHealth Group from $618.00 to $584.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Robert W. Baird began coverage on UnitedHealth Group in a research note on Thursday, May 30th. They issued an “outperform” rating and a $597.00 target price on the stock. Bank of America restated a “buy” rating and set a $675.00 target price on shares of UnitedHealth Group in a report on Thursday, March 7th. Finally, Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of UnitedHealth Group in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $578.75.

Check Out Our Latest Research Report on UnitedHealth Group

About UnitedHealth Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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