Evercore Wealth Management LLC Has $174.35 Million Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Evercore Wealth Management LLC cut its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 344,650 shares of the healthcare conglomerate's stock after selling 3,027 shares during the quarter. UnitedHealth Group makes up approximately 2.6% of Evercore Wealth Management LLC's holdings, making the stock its 10th biggest position. Evercore Wealth Management LLC's holdings in UnitedHealth Group were worth $174,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new position in shares of UnitedHealth Group in the third quarter valued at about $341,000. Principal Financial Group Inc. boosted its stake in UnitedHealth Group by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate's stock worth $1,039,933,000 after purchasing an additional 180,479 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of UnitedHealth Group by 8.2% in the third quarter. McIlrath & Eck LLC now owns 635 shares of the healthcare conglomerate's stock worth $371,000 after buying an additional 48 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in UnitedHealth Group by 3.7% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,275 shares of the healthcare conglomerate's stock valued at $746,000 after acquiring an additional 46 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new position in shares of UnitedHealth Group during the third quarter valued at about $900,000. Institutional investors own 87.86% of the company's stock.

Wall Street Analysts Forecast Growth

UNH has been the subject of several research analyst reports. Barclays cut their price target on UnitedHealth Group from $642.00 to $560.00 and set an "overweight" rating for the company in a report on Monday. Morgan Stanley decreased their price target on shares of UnitedHealth Group from $664.00 to $563.00 and set an "overweight" rating on the stock in a research note on Tuesday. HSBC reaffirmed a "hold" rating and issued a $490.00 price target on shares of UnitedHealth Group in a report on Tuesday. Mizuho boosted their target price on UnitedHealth Group from $600.00 to $650.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Finally, Hsbc Global Res lowered shares of UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $608.00.

UnitedHealth Group Stock Performance

Shares of UnitedHealth Group stock opened at $427.10 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a 12 month low of $417.12 and a 12 month high of $630.73. The stock's fifty day moving average price is $508.83 and its 200-day moving average price is $537.99. The firm has a market cap of $390.67 billion, a P/E ratio of 27.55, a P/E/G 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.29 by ($0.09). The business had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same quarter in the prior year, the business posted $6.91 earnings per share. On average, equities research analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's payout ratio is currently 35.18%.

UnitedHealth Group Profile

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.

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