Elwood Capital Partners LP Acquires Shares of 4,837 UnitedHealth Group Incorporated (NYSE:UNH)

Elwood Capital Partners LP bought a new stake in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,837 shares of the healthcare conglomerate's stock, valued at approximately $2,447,000. UnitedHealth Group makes up 2.4% of Elwood Capital Partners LP's portfolio, making the stock its 11th biggest holding.

Several other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in UnitedHealth Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 19,956,219 shares of the healthcare conglomerate's stock valued at $10,068,869,000 after acquiring an additional 319,515 shares during the last quarter. Nemes Rush Group LLC increased its holdings in shares of UnitedHealth Group by 10.1% in the fourth quarter. Nemes Rush Group LLC now owns 15,694 shares of the healthcare conglomerate's stock valued at $7,939,000 after purchasing an additional 1,438 shares during the last quarter. Franklin Resources Inc. boosted its stake in UnitedHealth Group by 10.7% during the fourth quarter. Franklin Resources Inc. now owns 8,923,770 shares of the healthcare conglomerate's stock worth $4,514,178,000 after buying an additional 861,854 shares during the last quarter. Family Legacy Inc. raised its holdings in shares of UnitedHealth Group by 1.5% during the 4th quarter. Family Legacy Inc. now owns 7,946 shares of the healthcare conglomerate's stock worth $4,168,000 after acquiring an additional 121 shares during the period. Finally, Cannell & Spears LLC grew its holdings in shares of UnitedHealth Group by 6.7% in the fourth quarter. Cannell & Spears LLC now owns 8,249 shares of the healthcare conglomerate's stock valued at $4,173,000 after purchasing an additional 519 shares during the period. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other UnitedHealth Group news, Director Timothy Patrick Flynn bought 1,000 shares of UnitedHealth Group stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $511.57 per share, with a total value of $511,570.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company's stock, valued at approximately $2,302,065. This represents a 28.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company's stock.

UnitedHealth Group Stock Up 3.5 %

Shares of UNH traded up $18.44 during mid-day trading on Thursday, reaching $541.64. The company's stock had a trading volume of 5,018,470 shares, compared to its average volume of 4,239,669. The company's 50 day moving average is $509.15 and its 200 day moving average is $542.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The stock has a market cap of $495.44 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. UnitedHealth Group Incorporated has a 12-month low of $436.38 and a 12-month high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.07. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The business had revenue of $100.81 billion during the quarter, compared to analysts' expectations of $101.60 billion. During the same quarter in the prior year, the business posted $5.83 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's dividend payout ratio (DPR) is 54.19%.

Analysts Set New Price Targets

Several equities analysts have weighed in on UNH shares. HSBC raised shares of UnitedHealth Group from a "hold" rating to a "buy" rating and set a $595.00 price target for the company in a research note on Friday, January 10th. Truist Financial cut their target price on UnitedHealth Group from $625.00 to $610.00 and set a "buy" rating for the company in a research note on Monday, January 6th. KeyCorp reissued an "overweight" rating and set a $650.00 price objective on shares of UnitedHealth Group in a research report on Friday, January 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $700.00 target price on shares of UnitedHealth Group in a research report on Friday, January 17th. Finally, StockNews.com raised UnitedHealth Group from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Twenty analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $629.32.

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.