Copley Financial Group Inc. Invests $786,000 in UnitedHealth Group Incorporated (NYSE:UNH)

Copley Financial Group Inc. bought a new position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,345 shares of the healthcare conglomerate's stock, valued at approximately $786,000. UnitedHealth Group makes up 0.7% of Copley Financial Group Inc.'s portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new position in UnitedHealth Group during the third quarter valued at $27,000. Global Wealth Strategies & Associates increased its holdings in UnitedHealth Group by 152.4% in the 3rd quarter. Global Wealth Strategies & Associates now owns 53 shares of the healthcare conglomerate's stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Macroview Investment Management LLC boosted its position 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 purchasing an additional 47 shares during the period. West Financial Advisors LLC bought a new stake in shares of UnitedHealth Group in the third quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC grew its stake in UnitedHealth Group by 40.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 63 shares of the healthcare conglomerate's stock valued at $32,000 after buying an additional 18 shares in the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

UnitedHealth Group Trading Up 1.0 %

Shares of UnitedHealth Group stock traded up $4.92 on Friday, hitting $520.68. The stock had a trading volume of 8,201,924 shares, compared to its average volume of 3,987,167. The stock has a market cap of $479.17 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 1.57 and a beta of 0.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock's 50-day simple moving average is $583.29 and its two-hundred day simple moving average is $559.30. UnitedHealth Group Incorporated has a one year low of $436.38 and a one year high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, topping analysts' consensus estimates of $7.00 by $0.15. The company had revenue of $100.82 billion during the quarter, compared to analyst estimates 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 for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $6.56 earnings per share. As a group, sell-side analysts predict that UnitedHealth Group Incorporated will post 27.61 EPS for the current year.

UnitedHealth Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be given a $2.10 dividend. The ex-dividend date is Monday, December 9th. This represents a $8.40 annualized dividend and a dividend yield of 1.61%. UnitedHealth Group's dividend payout ratio is 54.72%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UNH. Barclays lifted their price target on UnitedHealth Group from $603.00 to $655.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. HSBC lowered shares of UnitedHealth Group from a "buy" rating to a "hold" rating in a report on Thursday, October 17th. Oppenheimer upped their price target on shares of UnitedHealth Group from $610.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. KeyCorp initiated coverage on UnitedHealth Group in a research report on Friday, October 11th. They set an "overweight" rating and a $675.00 target price for the company. Finally, Hsbc Global Res downgraded UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, UnitedHealth Group has a consensus rating of "Moderate Buy" and an average price target of $626.84.

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.