UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC trimmed its position in UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 95,236 shares of the healthcare conglomerate’s stock after selling 1,434 shares during the period. Kestra Advisory Services LLC’s holdings in UnitedHealth Group were worth $50,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UNH. One Capital Management LLC boosted its position 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 valued at $1,574,000 after buying an additional 87 shares during the period. Valley Wealth Managers Inc. raised its holdings in shares of UnitedHealth Group by 3.0% in the 3rd quarter. Valley Wealth Managers Inc. now owns 1,050 shares of the healthcare conglomerate’s stock valued at $529,000 after purchasing an additional 31 shares in the last quarter. Navellier & Associates Inc. raised its holdings in shares of UnitedHealth Group by 13.8% in the 3rd quarter. Navellier & Associates Inc. now owns 1,585 shares of the healthcare conglomerate’s stock valued at $799,000 after purchasing an additional 192 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in shares of UnitedHealth Group by 0.6% in the 3rd 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 stake in UnitedHealth Group by 5.0% during the 3rd quarter. 1ST Source Bank now owns 1,677 shares of the healthcare conglomerate’s stock worth $846,000 after acquiring an additional 80 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Trading Down 0.5 %

Shares of NYSE:UNH traded down $2.61 during trading on Wednesday, reaching $493.61. The stock had a trading volume of 746,621 shares, compared to its average volume of 4,125,872. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $554.70. 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 stock has a market cap of $454.31 billion, a P/E ratio of 30.15, a PEG ratio of 1.44 and a beta of 0.58. The business has a fifty day moving average price of $491.22 and a 200-day moving average price of $506.86.

UnitedHealth Group (NYSE:UNHGet Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $6.91 EPS for the quarter, beating analysts’ consensus estimates of $6.63 by $0.28. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. The firm had revenue of $99.80 billion for the quarter, compared to the consensus estimate of $99.23 billion. During the same period in the prior year, the firm posted $6.26 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 27.57 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

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

Wall Street Analyst Weigh In

UNH has been the topic of several research analyst reports. Baird R W upgraded shares of UnitedHealth Group to a “strong-buy” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of UnitedHealth Group from $545.00 to $562.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of UnitedHealth Group in a research note on Wednesday, April 17th. Barclays lifted their price objective on shares of UnitedHealth Group from $534.00 to $560.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of UnitedHealth Group from $600.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. Three equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $578.75.

Check Out Our Latest Stock Report on UNH

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.

Recommended Stories

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Incorporated (NYSE:UNHFree Report).

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

Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.