Bridge Advisory LLC Makes New Investment in UnitedHealth Group Incorporated (NYSE:UNH)

Bridge Advisory LLC bought a new position in shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 459 shares of the healthcare conglomerate’s stock, valued at approximately $236,000.

Other large investors have also modified their holdings of the company. Advocacy Wealth Management Services LLC boosted its position in UnitedHealth Group by 75.8% during the first quarter. Advocacy Wealth Management Services LLC now owns 58 shares of the healthcare conglomerate’s stock worth $30,000 after acquiring an additional 25 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of UnitedHealth Group by 100.0% in the 1st quarter. Cascade Investment Advisors Inc. now owns 60 shares of the healthcare conglomerate’s stock valued at $31,000 after acquiring an additional 30 shares during the period. Rise Advisors LLC purchased a new stake in UnitedHealth Group during the 4th quarter worth $38,000. Evolution Advisers Inc. purchased a new stake in UnitedHealth Group during the 1st quarter worth $38,000. Finally, Cordant Inc. purchased a new stake in UnitedHealth Group during the 1st quarter worth $45,000. 87.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer raised their price objective on shares of UnitedHealth Group from $600.00 to $610.00 and gave the stock an “outperform” rating in a report on Monday, July 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UnitedHealth Group from $556.00 to $569.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Argus boosted their price target on shares of UnitedHealth Group from $580.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Credit Suisse Group boosted their target price on shares of UnitedHealth Group from $575.00 to $579.00 and gave the stock an “outperform” rating in a report on Monday, July 18th. Finally, Loop Capital began coverage on shares of UnitedHealth Group in a report on Thursday, June 16th. They issued a “buy” rating and a $575.00 target price on the stock. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, UnitedHealth Group presently has an average rating of “Moderate Buy” and a consensus price target of $586.40.

UnitedHealth Group Trading Up 1.1 %

Shares of UnitedHealth Group stock opened at $517.46 on Friday. UnitedHealth Group Incorporated has a 1 year low of $383.12 and a 1 year high of $553.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $484.02 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.61 and a beta of 0.76. The business has a fifty day simple moving average of $530.11 and a two-hundred day simple moving average of $512.45.

UnitedHealth Group (NYSE:UNHGet Rating) last posted its quarterly earnings results on Friday, July 15th. The healthcare conglomerate reported $5.57 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.33. The business had revenue of $80.33 billion during the quarter, compared to the consensus estimate of $79.68 billion. UnitedHealth Group had a return on equity of 25.45% and a net margin of 5.95%. UnitedHealth Group’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.70 earnings per share. Research analysts forecast that UnitedHealth Group Incorporated will post 21.85 EPS for the current year.

UnitedHealth Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Monday, September 12th were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, September 9th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 34.46%.

Insider Activity at UnitedHealth Group

In other UnitedHealth Group news, CAO Thomas E. Roos sold 465 shares of UnitedHealth Group stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $542.37, for a total value of $252,202.05. Following the transaction, the chief accounting officer now owns 34,786 shares in the company, valued at $18,866,882.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other UnitedHealth Group news, CEO Dirk C. Mcmahon sold 14,715 shares of UnitedHealth Group stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $543.32, for a total value of $7,994,953.80. Following the transaction, the chief executive officer now owns 50,108 shares in the company, valued at $27,224,678.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas E. Roos sold 465 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $542.37, for a total value of $252,202.05. Following the sale, the chief accounting officer now owns 34,786 shares in the company, valued at $18,866,882.82. The disclosure for this sale can be found here. Insiders sold a total of 139,051 shares of company stock valued at $74,450,958 over the last quarter. 0.40% of the stock is owned by corporate insiders.

About UnitedHealth Group

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UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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 well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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