Blair William & Co. IL trimmed its stake in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 45.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,138 shares of the healthcare conglomerate’s stock after selling 110,802 shares during the quarter. Blair William & Co. IL’s holdings in UnitedHealth Group were worth $45,627,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new stake in UnitedHealth Group during the second quarter valued at about $25,000. Foster Dykema Cabot & Partners LLC raised its holdings in shares of UnitedHealth Group by 69.4% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 83 shares of the healthcare conglomerate’s stock valued at $29,000 after acquiring an additional 34 shares during the period. Hurley Capital LLC lifted its position in shares of UnitedHealth Group by 81.6% in the 3rd quarter. Hurley Capital LLC now owns 89 shares of the healthcare conglomerate’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in UnitedHealth Group during the 2nd quarter worth approximately $29,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of UnitedHealth Group in the third quarter valued at $32,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.
UnitedHealth Group Trading Down 0.7%
NYSE:UNH opened at $286.86 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.82 and a current ratio of 0.79. The company has a market capitalization of $260.38 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.32 and a beta of 0.41. The stock’s 50 day moving average price is $308.28 and its 200 day moving average price is $325.83. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $606.36.
UnitedHealth Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Monday, March 9th will be issued a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, March 9th. UnitedHealth Group’s dividend payout ratio (DPR) is 67.02%.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Barclays dropped their price target on UnitedHealth Group from $391.00 to $327.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Truist Financial lowered their target price on UnitedHealth Group from $410.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of UnitedHealth Group from $425.00 to $389.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Oppenheimer dropped their price objective on shares of UnitedHealth Group from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of UnitedHealth Group in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $372.13.
Check Out Our Latest Stock Analysis on UnitedHealth Group
About UnitedHealth Group
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.
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