UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Marietta Wealth Management LLC

Marietta Wealth Management LLC raised its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,889 shares of the healthcare conglomerate’s stock after purchasing an additional 1,496 shares during the period. UnitedHealth Group comprises approximately 1.5% of Marietta Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Marietta Wealth Management LLC’s holdings in UnitedHealth Group were worth $9,893,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Echo Wealth Management LLC acquired a new stake in shares of UnitedHealth Group during the 1st quarter valued at approximately $1,106,000. Canoe Financial LP raised its position in shares of UnitedHealth Group by 21.8% during the 1st quarter. Canoe Financial LP now owns 562,759 shares of the healthcare conglomerate’s stock valued at $294,745,000 after acquiring an additional 100,659 shares in the last quarter. Evanson Asset Management LLC raised its position in shares of UnitedHealth Group by 23.0% during the 1st quarter. Evanson Asset Management LLC now owns 797 shares of the healthcare conglomerate’s stock valued at $417,000 after acquiring an additional 149 shares in the last quarter. Congress Park Capital LLC raised its position in shares of UnitedHealth Group by 15.2% during the 1st quarter. Congress Park Capital LLC now owns 1,250 shares of the healthcare conglomerate’s stock valued at $655,000 after acquiring an additional 165 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of UnitedHealth Group during the 1st quarter valued at approximately $1,162,000. 87.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Erste Group Bank downgraded UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Raymond James Financial downgraded UnitedHealth Group from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, May 14th. Truist Financial restated a “buy” rating and set a $360.00 price objective (down from $580.00) on shares of UnitedHealth Group in a research note on Monday, May 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on UnitedHealth Group from $521.00 to $362.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.09.

UnitedHealth Group Trading Down 1.7%

Shares of UNH stock opened at $302.04 on Friday. The stock has a 50-day simple moving average of $359.15 and a 200 day simple moving average of $463.79. UnitedHealth Group Incorporated has a fifty-two week low of $248.88 and a fifty-two week high of $630.73. The stock has a market capitalization of $273.99 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.44 and a beta of 0.44. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.71.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a net margin of 5.39% and a return on equity of 26.29%. The firm had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. During the same period in the prior year, the business earned $6.91 EPS. On average, sell-side analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Monday, June 16th will be issued a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a dividend yield of 2.93%. This is an increase from UnitedHealth Group’s previous quarterly dividend of $2.10. The ex-dividend date is Monday, June 16th. UnitedHealth Group’s dividend payout ratio is currently 37.02%.

Insider Activity

In other UnitedHealth Group news, Director Timothy Patrick Flynn acquired 1,533 shares of UnitedHealth Group stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $320.80 per share, with a total value of $491,786.40. Following the purchase, the director now owns 6,033 shares in the company, valued at approximately $1,935,386.40. The trade was a 34.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kristen Gil acquired 3,700 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $271.17 per share, with a total value of $1,003,329.00. Following the completion of the purchase, the director now owns 3,818 shares in the company, valued at approximately $1,035,327.06. This represents a 3,135.59% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 109,408 shares of company stock valued at $31,607,768 over the last three months. Insiders own 0.28% of the company’s stock.

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.