Profund Advisors LLC Buys 1,243 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Profund Advisors LLC increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 19,909 shares of the healthcare conglomerate’s stock after acquiring an additional 1,243 shares during the period. Profund Advisors LLC’s holdings in UnitedHealth Group were worth $10,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Park West Asset Management LLC raised its stake in UnitedHealth Group by 14.9% in the fourth quarter. Park West Asset Management LLC now owns 58,700 shares of the healthcare conglomerate’s stock valued at $30,904,000 after buying an additional 7,600 shares during the period. Freedom Investment Management Inc. raised its stake in UnitedHealth Group by 7.0% in the fourth quarter. Freedom Investment Management Inc. now owns 4,934 shares of the healthcare conglomerate’s stock valued at $2,597,000 after buying an additional 324 shares during the period. Fullerton Fund Management Co Ltd. raised its stake in UnitedHealth Group by 27.0% in the fourth quarter. Fullerton Fund Management Co Ltd. now owns 13,923 shares of the healthcare conglomerate’s stock valued at $7,330,000 after buying an additional 2,959 shares during the period. Groupama Asset Managment bought a new position in shares of UnitedHealth Group during the fourth quarter worth approximately $99,918,000. Finally, Garden State Investment Advisory Services LLC increased its stake in shares of UnitedHealth Group by 34.1% during the fourth quarter. Garden State Investment Advisory Services LLC now owns 892 shares of the healthcare conglomerate’s stock worth $471,000 after purchasing an additional 227 shares during the period. Institutional investors own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UNH. Piper Sandler increased their target price on UnitedHealth Group from $566.00 to $571.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of UnitedHealth Group in a research note on Wednesday, April 17th. StockNews.com raised UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America reissued a “buy” rating and set a $675.00 price target on shares of UnitedHealth Group in a research report on Thursday, March 7th. Finally, HSBC raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $580.00 price target on the stock in a research report on Wednesday, June 5th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $578.75.

View Our Latest Analysis on UNH

UnitedHealth Group Price Performance

Shares of UNH stock traded up $4.23 during trading hours on Thursday, reaching $497.30. The company’s stock had a trading volume of 4,410,774 shares, compared to its average volume of 4,161,901. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.69. 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 market capitalization of $457.71 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.44 and a beta of 0.58. The firm’s 50 day simple moving average is $492.73 and its 200-day simple moving average is $506.70.

UnitedHealth Group (NYSE:UNHGet Free Report) last released its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $6.91 earnings per share for the quarter, beating the consensus estimate of $6.63 by $0.28. UnitedHealth Group had a return on equity of 26.50% and a net margin of 4.05%. The company had revenue of $99.80 billion for the quarter, compared to the consensus estimate of $99.23 billion. During the same quarter last year, the business posted $6.26 EPS. UnitedHealth Group’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts forecast that UnitedHealth Group Incorporated will post 27.57 earnings per share 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. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.88. This represents a $8.40 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, June 14th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 45.97%.

UnitedHealth Group Profile

(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.

Further Reading

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

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