Frisch Financial Group Inc. boosted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 584.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,212 shares of the healthcare conglomerate’s stock after acquiring an additional 28,360 shares during the quarter. UnitedHealth Group accounts for 1.2% of Frisch Financial Group Inc.’s portfolio, making the stock its 22nd biggest holding. Frisch Financial Group Inc.’s holdings in UnitedHealth Group were worth $1,914,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UNH. RPg Family Wealth Advisory LLC bought a new position in UnitedHealth Group in the 2nd quarter worth about $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of UnitedHealth Group during the 2nd quarter valued at about $28,000. Activest Wealth Management purchased a new position in shares of UnitedHealth Group in the 2nd quarter valued at about $29,000. Tompkins Financial Corp acquired a new stake in UnitedHealth Group in the 3rd quarter worth about $32,000. Finally, Annapolis Financial Services LLC boosted its holdings in shares of UnitedHealth Group by 57.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 90 shares of the healthcare conglomerate’s stock worth $35,000 after purchasing an additional 33 shares during the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on UNH. Deutsche Bank Aktiengesellschaft upped their price objective on UnitedHealth Group from $421.00 to $477.00 and gave the stock a “buy” rating in a research report on Tuesday, November 16th. Morgan Stanley increased their target price on shares of UnitedHealth Group from $499.00 to $526.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 1st. Truist increased their price target on shares of UnitedHealth Group from $520.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, January 5th. Wells Fargo & Company increased their price target on shares of UnitedHealth Group from $478.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. Finally, UBS Group lifted their price target on shares of UnitedHealth Group from $435.00 to $452.00 and gave the company a “neutral” rating in a report on Wednesday, December 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $500.54.
Shares of UNH stock traded down $0.90 on Friday, hitting $466.53. 84,311 shares of the stock were exchanged, compared to its average volume of 4,287,067. UnitedHealth Group Incorporated has a one year low of $320.35 and a one year high of $509.23. The firm’s 50 day moving average is $469.85 and its two-hundred day moving average is $435.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $439.40 billion, a PE ratio of 29.23, a P/E/G ratio of 1.51 and a beta of 0.86.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, October 14th. The healthcare conglomerate reported $4.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.41 by $0.11. The company had revenue of $72.34 billion for the quarter, compared to analysts’ expectations of $71.24 billion. UnitedHealth Group had a return on equity of 23.08% and a net margin of 5.52%. UnitedHealth Group’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $3.51 EPS. On average, sell-side analysts expect that UnitedHealth Group Incorporated will post 18.84 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 14th. Investors of record on Monday, December 6th were given a dividend of $1.45 per share. The ex-dividend date was Friday, December 3rd. This represents a $5.80 annualized dividend and a dividend yield of 1.24%. UnitedHealth Group’s dividend payout ratio is presently 35.98%.
UnitedHealth Group Company Profile
UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.
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