5,000 Shares in UnitedHealth Group Incorporated $UNH Acquired by Advanced Portfolio Management LLC

Advanced Portfolio Management LLC bought a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the healthcare conglomerate’s stock, valued at approximately $1,560,000. UnitedHealth Group accounts for approximately 4.4% of Advanced Portfolio Management LLC’s portfolio, making the stock its 8th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Veltria Advisors Corp. increased its holdings in UnitedHealth Group by 10.7% in the 2nd quarter. Veltria Advisors Corp. now owns 1,681 shares of the healthcare conglomerate’s stock valued at $525,000 after buying an additional 162 shares during the period. Dynamic Wealth Strategies LLC increased its stake in UnitedHealth Group by 43.8% in the second quarter. Dynamic Wealth Strategies LLC now owns 253 shares of the healthcare conglomerate’s stock valued at $79,000 after acquiring an additional 77 shares during the last quarter. Kilter Group LLC acquired a new stake in shares of UnitedHealth Group in the 2nd quarter valued at $34,000. Harbor Advisors LLC raised its holdings in shares of UnitedHealth Group by 220.0% during the 2nd quarter. Harbor Advisors LLC now owns 1,600 shares of the healthcare conglomerate’s stock worth $499,000 after buying an additional 1,100 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in UnitedHealth Group by 48.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,790 shares of the healthcare conglomerate’s stock valued at $1,806,000 after buying an additional 1,901 shares in the last quarter. Institutional investors own 87.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on UNH shares. Wells Fargo & Company increased their target price on shares of UnitedHealth Group from $267.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Sanford C. Bernstein upped their price objective on shares of UnitedHealth Group from $433.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Truist Financial boosted their target price on shares of UnitedHealth Group from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Piper Sandler dropped their price target on UnitedHealth Group from $423.00 to $417.00 and set an “overweight” rating for the company in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group upped their target price on UnitedHealth Group from $317.00 to $409.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Seventeen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $385.54.

UnitedHealth Group Trading Down 1.7%

Shares of UNH stock opened at $333.81 on Friday. The stock has a 50-day moving average of $342.06 and a 200-day moving average of $315.83. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The stock has a market cap of $302.38 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.22 and a beta of 0.43. UnitedHealth Group Incorporated has a 1-year low of $234.60 and a 1-year high of $608.99.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 EPS for the quarter, beating the consensus estimate of $2.87 by $0.05. The business had revenue of $113.16 billion for the quarter, compared to analysts’ expectations of $113.19 billion. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $7.15 earnings per share. On average, equities research analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th will be given a dividend of $2.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $8.84 dividend on an annualized basis and a yield of 2.6%. UnitedHealth Group’s dividend payout ratio is 46.14%.

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.