Dagco Inc. Acquires Shares of 949 UnitedHealth Group Incorporated (NYSE:UNH)

Dagco Inc. acquired a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 949 shares of the healthcare conglomerate's stock, valued at approximately $480,000.

Other institutional investors have also recently made changes to their positions in the company. Canada Post Corp Registered Pension Plan bought a new position in shares of UnitedHealth Group in the fourth quarter worth about $18,005,000. Defined Financial Planning LLC bought a new position in shares of UnitedHealth Group during the 4th quarter valued at about $544,000. LaSalle St. Investment Advisors LLC raised its holdings in shares of UnitedHealth Group by 33.0% during the 4th quarter. LaSalle St. Investment Advisors LLC now owns 2,209 shares of the healthcare conglomerate's stock worth $1,117,000 after acquiring an additional 548 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of UnitedHealth Group in the 4th quarter worth about $9,968,000. Finally, Belpointe Asset Management LLC grew its position in UnitedHealth Group by 0.4% in the fourth quarter. Belpointe Asset Management LLC now owns 8,799 shares of the healthcare conglomerate's stock worth $4,451,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 87.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UNH. Barclays lowered their target price on shares of UnitedHealth Group from $655.00 to $642.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of UnitedHealth Group from $694.00 to $660.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. StockNews.com raised shares of UnitedHealth Group from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Mizuho lifted their price target on UnitedHealth Group from $600.00 to $650.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $700.00 price objective on shares of UnitedHealth Group in a research report on Friday, January 17th. Twenty-one investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, UnitedHealth Group currently has a consensus rating of "Buy" and a consensus target price of $632.85.

UnitedHealth Group Trading Down 22.0 %

Shares of UNH stock traded down $128.94 on Friday, hitting $456.10. 29,048,929 shares of the stock traded hands, compared to its average volume of 4,391,399. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The firm's 50-day moving average price is $514.51 and its two-hundred day moving average price is $541.53. UnitedHealth Group Incorporated has a twelve month low of $438.50 and a twelve month high of $630.73. The stock has a market capitalization of $417.20 billion, a PE ratio of 29.43, a PEG ratio of 1.37 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing analysts' consensus estimates of $7.29 by ($0.09). UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The business had revenue of $109.58 billion during the quarter, compared to analyst estimates of $111.56 billion. During the same quarter in the prior year, the company posted $6.91 earnings per share. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $2.10 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 1.84%. UnitedHealth Group's dividend payout ratio is currently 54.19%.

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.