Powers Advisory Group LLC Buys 19 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Powers Advisory Group LLC boosted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 418 shares of the healthcare conglomerate’s stock after purchasing an additional 19 shares during the quarter. Powers Advisory Group LLC’s holdings in UnitedHealth Group were worth $244,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UNH. International Assets Investment Management LLC grew its position in UnitedHealth Group by 58.1% in the 1st quarter. International Assets Investment Management LLC now owns 7,062 shares of the healthcare conglomerate’s stock worth $3,458,000 after purchasing an additional 2,594 shares during the period. Unique Wealth LLC increased its position in UnitedHealth Group by 30.8% during the first quarter. Unique Wealth LLC now owns 2,869 shares of the healthcare conglomerate’s stock valued at $1,427,000 after acquiring an additional 676 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in UnitedHealth Group by 7.8% in the first quarter. Salem Investment Counselors Inc. now owns 38,702 shares of the healthcare conglomerate’s stock worth $19,146,000 after purchasing an additional 2,796 shares during the last quarter. Cooper Financial Group lifted its stake in shares of UnitedHealth Group by 8.0% in the 1st quarter. Cooper Financial Group now owns 2,239 shares of the healthcare conglomerate’s stock worth $1,108,000 after purchasing an additional 165 shares during the period. Finally, Orser Capital Management LLC grew its position in UnitedHealth Group by 128.4% during the first quarter. Orser Capital Management LLC now owns 1,028 shares of the healthcare conglomerate’s stock valued at $509,000 after buying an additional 578 shares during the period. 87.86% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Trading Up 0.6 %

Shares of UNH stock opened at $569.61 on Friday. The company has a market cap of $524.26 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.58. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $584.42 and its two-hundred day simple moving average is $534.15. UnitedHealth Group Incorporated has a 1 year low of $436.38 and a 1 year high of $608.63.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, beating the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.66% and a return on equity of 26.55%. The business had revenue of $100.82 billion for the quarter, compared to the consensus estimate of $99.14 billion. During the same quarter in the prior year, the firm posted $6.56 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts predict that UnitedHealth Group Incorporated will post 27.68 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, September 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 51.34%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research note on Wednesday. Hsbc Global Res cut UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Cantor Fitzgerald increased their target price on shares of UnitedHealth Group from $591.00 to $644.00 and gave the stock an “overweight” rating in a report on Wednesday. Argus increased their price objective on shares of UnitedHealth Group from $570.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Stephens lowered their price objective on UnitedHealth Group from $632.00 to $605.00 and set an “overweight” rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $615.58.

About UnitedHealth Group

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.