Harbour Investment Management LLC Sells 2,235 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Harbour Investment Management LLC trimmed its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 29.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,381 shares of the healthcare conglomerate’s stock after selling 2,235 shares during the period. UnitedHealth Group makes up about 1.2% of Harbour Investment Management LLC’s investment portfolio, making the stock its 27th biggest position. Harbour Investment Management LLC’s holdings in UnitedHealth Group were worth $2,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNH. Howard Capital Management Group LLC bought a new position in UnitedHealth Group during the 3rd quarter valued at about $341,000. Principal Financial Group Inc. lifted its holdings in UnitedHealth Group by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate’s stock valued at $1,039,933,000 after purchasing an additional 180,479 shares during the last quarter. Lifeworks Advisors LLC lifted its holdings in UnitedHealth Group by 21.4% during the 3rd quarter. Lifeworks Advisors LLC now owns 1,446 shares of the healthcare conglomerate’s stock valued at $845,000 after purchasing an additional 255 shares during the last quarter. Oak Harbor Wealth Partners LLC lifted its holdings in UnitedHealth Group by 7.4% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 1,869 shares of the healthcare conglomerate’s stock valued at $1,093,000 after purchasing an additional 128 shares during the last quarter. Finally, Broderick Brian C raised its stake in shares of UnitedHealth Group by 0.5% in the third quarter. Broderick Brian C now owns 21,497 shares of the healthcare conglomerate’s stock worth $12,569,000 after acquiring an additional 100 shares during the last quarter. 87.86% of the stock is owned by institutional investors.

UnitedHealth Group Trading Up 1.5 %

UNH stock opened at $488.52 on Friday. The company has a market capitalization of $446.85 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. UnitedHealth Group Incorporated has a 52 week low of $436.38 and a 52 week high of $630.73. The company’s 50-day simple moving average is $511.36 and its 200 day simple moving average is $550.33.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.07. The firm had revenue of $100.81 billion for the quarter, compared to the consensus estimate of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $5.83 earnings per share. As a group, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be issued a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.72%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 54.19%.

Insider Transactions at UnitedHealth Group

In related news, Director Timothy Patrick Flynn bought 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $511.57 per share, with a total value of $511,570.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company’s stock, valued at $2,302,065. The trade was a 28.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UNH shares. HSBC upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 price target for the company in a research report on Friday, January 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $700.00 price target on shares of UnitedHealth Group in a research note on Friday, January 17th. Barclays cut their price target on shares of UnitedHealth Group from $655.00 to $642.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Truist Financial cut their price objective on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Twenty equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, UnitedHealth Group currently has a consensus rating of “Buy” and an average target price of $629.32.

UnitedHealth Group Company Profile

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.