UnitedHealth Group Incorporated (NYSE:UNH) Shares Acquired by Heritage Wealth Advisors

Heritage Wealth Advisors lifted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,082 shares of the healthcare conglomerate's stock after acquiring an additional 1,177 shares during the quarter. UnitedHealth Group makes up about 2.8% of Heritage Wealth Advisors' investment portfolio, making the stock its 9th largest position. Heritage Wealth Advisors' holdings in UnitedHealth Group were worth $57,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mendel Money Management boosted its holdings in UnitedHealth Group by 4.3% during the fourth quarter. Mendel Money Management now owns 3,211 shares of the healthcare conglomerate's stock worth $1,624,000 after buying an additional 131 shares during the last quarter. Parametrica Management Ltd bought a new stake in UnitedHealth Group in the fourth quarter valued at approximately $393,000. Ausdal Financial Partners Inc. grew its holdings in shares of UnitedHealth Group by 8.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 1,756 shares of the healthcare conglomerate's stock valued at $888,000 after buying an additional 134 shares during the period. TrueMark Investments LLC grew its stake in UnitedHealth Group by 54.1% in the fourth quarter. TrueMark Investments LLC now owns 10,260 shares of the healthcare conglomerate's stock valued at $5,190,000 after acquiring an additional 3,602 shares during the period. Finally, Financial Engines Advisors L.L.C. lifted its holdings in shares of UnitedHealth Group by 59.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 3,835 shares of the healthcare conglomerate's stock valued at $1,940,000 after purchasing an additional 1,428 shares in the last quarter. 87.86% of the stock is owned by institutional investors.

Remove Ads

Insiders Place Their Bets

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

UnitedHealth Group Price Performance

UnitedHealth Group stock traded down $0.25 during mid-day trading on Friday, reaching $515.47. The company had a trading volume of 2,378,211 shares, compared to its average volume of 4,268,981. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73. The company has a market cap of $471.51 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.37 and a beta of 0.62. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $508.81 and a 200 day simple moving average of $544.24.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, beating analysts' consensus estimates of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The firm had revenue of $100.81 billion for the quarter, compared to analyst estimates of $101.60 billion. During the same period last year, the firm posted $5.83 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's dividend payout ratio is currently 54.19%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of UnitedHealth Group from $610.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Piper Sandler cut their target price on UnitedHealth Group from $605.00 to $600.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. StockNews.com raised shares of UnitedHealth Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $700.00 target price on shares of UnitedHealth Group in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of UnitedHealth Group from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Twenty research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, UnitedHealth Group presently has an average rating of "Buy" and an average target price 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.