Menora Mivtachim Holdings LTD. Sells 127,225 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Menora Mivtachim Holdings LTD. decreased its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 412,496 shares of the healthcare conglomerate's stock after selling 127,225 shares during the quarter. UnitedHealth Group makes up about 1.3% of Menora Mivtachim Holdings LTD.'s investment portfolio, making the stock its 25th largest position. Menora Mivtachim Holdings LTD.'s holdings in UnitedHealth Group were worth $208,665,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UNH. M&T Bank Corp grew its holdings in UnitedHealth Group by 13.4% during the 3rd quarter. M&T Bank Corp now owns 220,590 shares of the healthcare conglomerate's stock worth $128,975,000 after acquiring an additional 26,074 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of UnitedHealth Group by 17.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 7,957 shares of the healthcare conglomerate's stock valued at $4,025,000 after purchasing an additional 1,193 shares during the last quarter. Signal Advisors Wealth LLC raised its position in UnitedHealth Group by 13.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 9,115 shares of the healthcare conglomerate's stock worth $4,611,000 after purchasing an additional 1,051 shares during the last quarter. Waycross Partners LLC boosted its position in UnitedHealth Group by 2.4% in the 4th quarter. Waycross Partners LLC now owns 27,794 shares of the healthcare conglomerate's stock valued at $14,060,000 after buying an additional 658 shares during the last quarter. Finally, Czech National Bank raised its position in shares of UnitedHealth Group by 6.1% during the fourth quarter. Czech National Bank now owns 199,536 shares of the healthcare conglomerate's stock worth $100,937,000 after acquiring an additional 11,426 shares during the last quarter. Institutional investors own 87.86% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, Director Timothy Patrick Flynn bought 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 acquisition, the director now owns 4,500 shares in the company, valued at $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UNH has been the subject of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $700.00 price objective on shares of UnitedHealth Group in a report on Friday, January 17th. Truist Financial raised their price objective on shares of UnitedHealth Group from $610.00 to $660.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com raised UnitedHealth Group from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays cut their target price on UnitedHealth Group from $655.00 to $642.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Mizuho upped their price target on UnitedHealth Group from $600.00 to $650.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Twenty-one research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $632.85.

UnitedHealth Group Stock Down 0.6 %

NYSE UNH traded down $3.63 during trading on Tuesday, hitting $583.43. The stock had a trading volume of 3,865,335 shares, compared to its average volume of 4,340,640. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. UnitedHealth Group Incorporated has a 12 month low of $438.50 and a 12 month high of $630.73. The company has a market capitalization of $533.67 billion, a PE ratio of 37.64, a P/E/G ratio of 1.37 and a beta of 0.61. The company's 50-day moving average price is $514.87 and its two-hundred day moving average price is $542.12.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly 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. The firm had revenue of $100.81 billion for the quarter, compared to analyst estimates of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The company's revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $5.83 EPS. As a group, sell-side analysts forecast 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. This represents a $8.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group's payout ratio is presently 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.