First National Bank of Mount Dora Trust Investment Services lessened its position in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,419 shares of the healthcare conglomerate’s stock after selling 88 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in UnitedHealth Group were worth $4,259,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNH. Bristol Gate Capital Partners Inc. increased its position in UnitedHealth Group by 7.2% during the 2nd quarter. Bristol Gate Capital Partners Inc. now owns 184,925 shares of the healthcare conglomerate’s stock valued at $94,175,000 after purchasing an additional 12,372 shares during the period. Intech Investment Management LLC increased its position in UnitedHealth Group by 1.0% during the 2nd quarter. Intech Investment Management LLC now owns 337,254 shares of the healthcare conglomerate’s stock valued at $171,750,000 after purchasing an additional 3,348 shares during the period. Brighton Jones LLC increased its position in UnitedHealth Group by 47.4% during the 2nd quarter. Brighton Jones LLC now owns 26,302 shares of the healthcare conglomerate’s stock valued at $13,394,000 after purchasing an additional 8,458 shares during the period. Ieq Capital LLC boosted its holdings in shares of UnitedHealth Group by 4.6% during the 2nd quarter. Ieq Capital LLC now owns 62,584 shares of the healthcare conglomerate’s stock worth $31,872,000 after buying an additional 2,775 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of UnitedHealth Group by 4.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 39,031 shares of the healthcare conglomerate’s stock valued at $19,877,000 after acquiring an additional 1,770 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.
UnitedHealth Group Stock Performance
Shares of UNH stock opened at $510.03 on Friday. The firm has a market cap of $469.37 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 1.42 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 0.91. UnitedHealth Group Incorporated has a 52 week low of $436.38 and a 52 week high of $630.73. The firm’s 50-day simple moving average is $551.50 and its two-hundred day simple moving average is $562.62.
UnitedHealth Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were given a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, December 9th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 54.72%.
Wall Street Analyst Weigh In
UNH has been the subject of several research analyst reports. HSBC raised 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 note on Friday, January 10th. TD Cowen lifted their price target on shares of UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Hsbc Global Res raised shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Truist Financial decreased their price target on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Piper Sandler reduced their price objective on shares of UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $627.74.
Read Our Latest Stock Analysis on UnitedHealth Group
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.
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