UnitedHealth Group Incorporated $UNH Shares Acquired by Floyd Financial Group LLC

Floyd Financial Group LLC lifted its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 103.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,192 shares of the healthcare conglomerate’s stock after purchasing an additional 3,659 shares during the quarter. UnitedHealth Group accounts for about 1.9% of Floyd Financial Group LLC’s investment portfolio, making the stock its 18th largest holding. Floyd Financial Group LLC’s holdings in UnitedHealth Group were worth $2,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in UnitedHealth Group in the 2nd quarter worth approximately $25,000. Sagard Holdings Management Inc. purchased a new position in shares of UnitedHealth Group during the second quarter valued at $29,000. Islay Capital Management LLC purchased a new stake in UnitedHealth Group in the 2nd quarter worth about $31,000. Riggs Asset Managment Co. Inc. grew its stake in UnitedHealth Group by 69.4% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 105 shares of the healthcare conglomerate’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. Finally, Kilter Group LLC purchased a new stake in shares of UnitedHealth Group in the second quarter worth approximately $34,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 price objective on the stock. in a research note on Wednesday, October 29th. UBS Group upped their price target on shares of UnitedHealth Group from $378.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group initiated coverage on UnitedHealth Group in a research note on Tuesday, October 14th. They issued a “buy” rating and a $406.00 target price on the stock. Evercore ISI raised UnitedHealth Group to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Piper Sandler dropped their price objective on UnitedHealth Group from $423.00 to $417.00 and set an “overweight” rating on the stock in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, UnitedHealth Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.75.

UnitedHealth Group Trading Down 2.3%

Shares of UNH stock opened at $331.25 on Tuesday. The business’s 50 day moving average is $330.53 and its two-hundred day moving average is $322.35. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $606.36. The company has a market cap of $300.06 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 2.00 and a beta of 0.42.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.05. The business had revenue of $113.16 billion during the quarter, compared to the consensus estimate of $113.19 billion. UnitedHealth Group had a net margin of 4.04% and a return on equity of 19.23%. UnitedHealth Group’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.15 EPS. Equities analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th were issued a $2.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $8.84 dividend on an annualized basis and a yield of 2.7%. UnitedHealth Group’s dividend payout ratio (DPR) is 46.14%.

UnitedHealth Group Profile

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.