New Mexico Educational Retirement Board raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,020 shares of the healthcare conglomerate’s stock after purchasing an additional 2,600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in UnitedHealth Group were worth $18,712,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Sarver Vrooman Wealth Advisors acquired a new stake in UnitedHealth Group during the 4th quarter worth about $25,000. Anfield Capital Management LLC boosted its holdings in shares of UnitedHealth Group by 220.0% during the fourth quarter. Anfield Capital Management LLC now owns 80 shares of the healthcare conglomerate’s stock worth $26,000 after purchasing an additional 55 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in UnitedHealth Group in the 4th quarter valued at approximately $27,000. Lifetime Wealth Management P.C. acquired a new stake in shares of UnitedHealth Group during the 4th quarter valued at $29,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of UnitedHealth Group in the fourth quarter worth $30,000. 87.86% of the stock is owned by institutional investors and hedge funds.
UnitedHealth Group Stock Down 0.3%
Shares of UNH opened at $393.99 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50-day simple moving average of $413.28 and a 200-day simple moving average of $360.11. UnitedHealth Group Incorporated has a 52 week low of $255.96 and a 52 week high of $461.62. The firm has a market capitalization of $353.64 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.36 and a beta of 0.62.
UnitedHealth Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Monday, September 14th will be given a $2.32 dividend. This represents a $9.28 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 14th. UnitedHealth Group’s dividend payout ratio (DPR) is 59.72%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on UNH. Leerink Partners boosted their target price on UnitedHealth Group from $400.00 to $462.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. TD Cowen boosted their price target on UnitedHealth Group from $337.00 to $430.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of UnitedHealth Group from $466.00 to $516.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Piper Sandler set a $477.00 price target on shares of UnitedHealth Group in a report on Thursday, July 16th. Finally, HSBC lifted their price target on shares of UnitedHealth Group from $300.00 to $380.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $456.56.
Get Our Latest Analysis on UNH
Insider Transactions at UnitedHealth Group
In other news, CEO Patrick Hugh Conway sold 1,169 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $390.00, for a total value of $455,910.00. Following the completion of the transaction, the chief executive officer owned 15,328 shares in the company, valued at approximately $5,977,920. This represents a 7.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.
UnitedHealth Group Company Profile
UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.
UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.
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