Monetary Management Group Inc. Trims Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Monetary Management Group Inc. reduced its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 21.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,772 shares of the healthcare conglomerate's stock after selling 2,141 shares during the quarter. UnitedHealth Group accounts for about 1.0% of Monetary Management Group Inc.'s holdings, making the stock its 16th biggest position. Monetary Management Group Inc.'s holdings in UnitedHealth Group were worth $3,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hobbs Wealth Management LLC purchased a new stake in shares of UnitedHealth Group during the fourth quarter worth $243,000. Coign Capital Advisors LLC bought a new stake in shares of UnitedHealth Group during the 4th quarter worth $705,000. Quinn Opportunity Partners LLC purchased a new position in shares of UnitedHealth Group during the 4th quarter valued at about $3,288,000. Heritage Trust Co purchased a new stake in UnitedHealth Group during the fourth quarter valued at about $13,831,000. Finally, Tandem Wealth Advisors LLC lifted its position in UnitedHealth Group by 5.5% in the fourth quarter. Tandem Wealth Advisors LLC now owns 880 shares of the healthcare conglomerate's stock valued at $445,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

Insider Activity at UnitedHealth Group

In other news, Director Timothy Patrick Flynn purchased 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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UnitedHealth Group Trading Down 2.2 %

UNH traded down $13.24 on Monday, hitting $586.23. The company had a trading volume of 4,749,319 shares, compared to its average volume of 4,346,438. The company has a market cap of $536.23 billion, a PE ratio of 37.82, a PEG ratio of 1.37 and a beta of 0.61. The business's fifty day simple moving average is $512.87 and its 200 day simple moving average is $541.80. UnitedHealth Group Incorporated has a 12-month low of $438.50 and a 12-month high of $630.73. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74.

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

UnitedHealth Group Dividend Announcement

The firm 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 yield of 1.43%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's dividend payout ratio (DPR) is presently 54.19%.

Analysts Set New Price Targets

UNH has been the topic of several recent analyst reports. 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. HSBC upgraded shares of UnitedHealth Group from a "hold" rating to a "buy" rating and set a $595.00 target price on the stock in a research note on Friday, January 10th. Mizuho raised their price target on shares of UnitedHealth Group from $600.00 to $650.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Hsbc Global Res upgraded UnitedHealth Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their price target on UnitedHealth Group from $694.00 to $660.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Twenty-one research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, UnitedHealth Group has an average rating of "Buy" and an average target price of $632.85.

UnitedHealth Group Company 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.