Principal Financial Group Inc. Grows Position in Oscar Health, Inc. (NYSE:OSCR)

Principal Financial Group Inc. boosted its position in Oscar Health, Inc. (NYSE:OSCRFree Report) by 530.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,919 shares of the company’s stock after acquiring an additional 119,397 shares during the quarter. Principal Financial Group Inc. owned 0.06% of Oscar Health worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Oscar Health by 18.6% in the third quarter. Vanguard Group Inc. now owns 14,127,934 shares of the company’s stock valued at $78,693,000 after purchasing an additional 2,211,743 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Oscar Health by 14.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,162,935 shares of the company’s stock valued at $28,942,000 after buying an additional 392,837 shares during the period. Ancient Art L.P. lifted its position in Oscar Health by 91.9% during the 3rd quarter. Ancient Art L.P. now owns 2,793,141 shares of the company’s stock worth $15,558,000 after acquiring an additional 1,337,987 shares in the last quarter. UBS Group AG grew its position in Oscar Health by 84.7% in the third quarter. UBS Group AG now owns 1,489,498 shares of the company’s stock valued at $8,297,000 after acquiring an additional 683,052 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Oscar Health by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,160,483 shares of the company’s stock valued at $10,618,000 after purchasing an additional 35,128 shares during the period. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OSCR. Raymond James initiated coverage on Oscar Health in a research report on Friday, March 22nd. They issued an “outperform” rating and a $20.00 target price on the stock. TheStreet upgraded shares of Oscar Health from a “d” rating to a “c-” rating in a research note on Wednesday, February 21st. Robert W. Baird began coverage on Oscar Health in a research report on Thursday. They issued an “outperform” rating and a $28.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Oscar Health from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Finally, Wells Fargo & Company raised their target price on Oscar Health from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.57.

Check Out Our Latest Stock Analysis on OSCR

Oscar Health Stock Up 0.6 %

Shares of OSCR stock opened at $19.96 on Monday. Oscar Health, Inc. has a 1 year low of $4.72 and a 1 year high of $23.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.10 and a current ratio of 1.10. The business’s fifty day moving average is $17.89 and its 200-day moving average is $13.94. The stock has a market cap of $4.73 billion, a PE ratio of -49.90 and a beta of 1.66.

Oscar Health (NYSE:OSCRGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.34. Oscar Health had a negative return on equity of 5.77% and a negative net margin of 0.82%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned ($0.18) earnings per share. Oscar Health’s revenue was up 45.8% compared to the same quarter last year. Equities analysts expect that Oscar Health, Inc. will post -0.04 earnings per share for the current fiscal year.

About Oscar Health

(Free Report)

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.

Further Reading

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Institutional Ownership by Quarter for Oscar Health (NYSE:OSCR)

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