Caprock Group LLC Purchases 1,288 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Caprock Group LLC lifted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,294 shares of the healthcare conglomerate's stock after buying an additional 1,288 shares during the quarter. Caprock Group LLC's holdings in UnitedHealth Group were worth $13,035,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Kathleen S. Wright Associates Inc. acquired a new position in UnitedHealth Group during the third quarter valued at approximately $27,000. Global Wealth Strategies & Associates increased its position in shares of UnitedHealth Group by 152.4% in the 3rd quarter. Global Wealth Strategies & Associates now owns 53 shares of the healthcare conglomerate's stock valued at $31,000 after buying an additional 32 shares in the last quarter. Macroview Investment Management LLC lifted its holdings in UnitedHealth Group by 671.4% during the second quarter. Macroview Investment Management LLC now owns 54 shares of the healthcare conglomerate's stock worth $28,000 after acquiring an additional 47 shares in the last quarter. West Financial Advisors LLC bought a new stake in shares of UnitedHealth Group in the third quarter worth about $32,000. Finally, Bbjs Financial Advisors LLC bought a new position in shares of UnitedHealth Group during the 2nd quarter valued at about $31,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on UNH. Cantor Fitzgerald lifted their price target on shares of UnitedHealth Group from $591.00 to $644.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Stephens lowered their target price on UnitedHealth Group from $632.00 to $605.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reduced their price objective on UnitedHealth Group from $615.00 to $595.00 and set an "outperform" rating for the company in a research report on Wednesday, October 16th. Hsbc Global Res cut UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, Bank of America cut their price objective on shares of UnitedHealth Group from $675.00 to $650.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $615.53.

UnitedHealth Group Stock Performance

Shares of UnitedHealth Group stock traded down $12.72 on Tuesday, hitting $576.93. The stock had a trading volume of 3,142,427 shares, compared to its average volume of 3,879,812. The business's 50 day moving average is $582.31 and its two-hundred day moving average is $551.25. The stock has a market cap of $530.94 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 1.74 and a beta of 0.58. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $630.73. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating the consensus estimate of $7.00 by $0.15. The business had revenue of $100.82 billion for the quarter, compared to the consensus estimate of $99.14 billion. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. UnitedHealth Group's revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $6.56 earnings per share. Analysts forecast that UnitedHealth Group Incorporated will post 27.6 EPS for the current year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be issued a $2.10 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 1.46%. UnitedHealth Group's dividend payout ratio is presently 54.72%.

About UnitedHealth Group

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.