Aviance Capital Partners LLC Grows Position in UnitedHealth Group Incorporated $UNH

Aviance Capital Partners LLC increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 1,197.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,567 shares of the healthcare conglomerate’s stock after purchasing an additional 13,444 shares during the quarter. Aviance Capital Partners LLC’s holdings in UnitedHealth Group were worth $5,030,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UNH. Walkner Condon Financial Advisors LLC grew its holdings in UnitedHealth Group by 28.2% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,054 shares of the healthcare conglomerate’s stock worth $364,000 after acquiring an additional 232 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of UnitedHealth Group by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 45,366 shares of the healthcare conglomerate’s stock worth $15,665,000 after acquiring an additional 1,136 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in UnitedHealth Group by 2.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 54,133 shares of the healthcare conglomerate’s stock worth $18,692,000 after buying an additional 1,316 shares during the last quarter. Occidental Asset Management LLC purchased a new position in shares of UnitedHealth Group in the 3rd quarter valued at approximately $225,000. Finally, Bfsg LLC grew its holdings in UnitedHealth Group by 5.3% during the third quarter. Bfsg LLC now owns 2,139 shares of the healthcare conglomerate’s stock worth $739,000 after acquiring an additional 108 shares during the period. Institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Price Performance

UNH opened at $331.25 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 0.82. UnitedHealth Group Incorporated has a 1 year low of $234.60 and a 1 year high of $606.36. The stock has a market capitalization of $300.06 billion, a PE ratio of 17.29, a P/E/G ratio of 2.00 and a beta of 0.42. The company’s 50 day simple moving average is $330.33 and its 200 day simple moving average is $322.09.

UnitedHealth Group (NYSE:UNHGet Free Report) last posted its quarterly 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 firm had revenue of $113.16 billion for the quarter, compared to analyst estimates of $113.19 billion. UnitedHealth Group had a net margin of 4.04% and a return on equity of 19.23%. UnitedHealth Group’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $7.15 earnings per share. As a group, sell-side analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 8th were given a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, December 8th. UnitedHealth Group’s dividend payout ratio is presently 46.14%.

Analyst Ratings Changes

A number of research firms recently weighed in on UNH. Sanford C. Bernstein boosted their price target 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. Deutsche Bank Aktiengesellschaft downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 target price for the company. in a research report on Wednesday, October 29th. UBS Group boosted their target price on UnitedHealth Group from $378.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Zacks Research upgraded UnitedHealth Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Piper Sandler decreased their target price on UnitedHealth Group from $423.00 to $417.00 and set an “overweight” rating for the company in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $385.75.

View Our Latest Stock Analysis on UNH

Key Stories Impacting UnitedHealth Group

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About UnitedHealth Group

(Free Report)

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.

See Also

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

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