Rock Springs Capital Management LP Has $89.03 Million Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Rock Springs Capital Management LP lowered its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,000 shares of the healthcare conglomerate's stock after selling 118,250 shares during the quarter. UnitedHealth Group comprises about 3.4% of Rock Springs Capital Management LP's investment portfolio, making the stock its 6th largest position. Rock Springs Capital Management LP's holdings in UnitedHealth Group were worth $89,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Pacific Wealth Management LP increased its position in shares of UnitedHealth Group by 2.2% during the 4th quarter. Western Pacific Wealth Management LP now owns 902 shares of the healthcare conglomerate's stock valued at $456,000 after purchasing an additional 19 shares during the last quarter. MCF Advisors LLC grew its position in shares of UnitedHealth Group by 0.8% during the 4th quarter. MCF Advisors LLC now owns 2,578 shares of the healthcare conglomerate's stock valued at $1,304,000 after acquiring an additional 20 shares during the period. Axiom Financial Strategies LLC lifted its stake in UnitedHealth Group by 3.6% in the fourth quarter. Axiom Financial Strategies LLC now owns 575 shares of the healthcare conglomerate's stock valued at $291,000 after purchasing an additional 20 shares during the last quarter. Richwood Investment Advisors LLC increased its position in UnitedHealth Group by 0.4% in the fourth quarter. Richwood Investment Advisors LLC now owns 5,247 shares of the healthcare conglomerate's stock worth $2,654,000 after buying an additional 20 shares during the last quarter. Finally, Prentice Wealth Management LLC lifted its position in shares of UnitedHealth Group by 0.8% during the 4th quarter. Prentice Wealth Management LLC now owns 2,527 shares of the healthcare conglomerate's stock valued at $1,278,000 after buying an additional 21 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Trading Down 1.5 %

NYSE:UNH traded down $6.37 during mid-day trading on Friday, reaching $417.88. 6,670,446 shares of the company's stock traded hands, compared to its average volume of 5,689,983. The company has a 50 day moving average price of $504.95 and a 200-day moving average price of $536.14. UnitedHealth Group Incorporated has a 12-month low of $412.02 and a 12-month high of $630.73. 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 firm has a market capitalization of $382.24 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.37 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $109.58 billion during the quarter, compared to analysts' expectations of $111.56 billion. During the same quarter last year, the business earned $6.91 earnings per share. On average, sell-side analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group's dividend payout ratio is presently 35.18%.

Analyst Ratings Changes

UNH has been the subject of several analyst reports. Wells Fargo & Company cut their price objective on shares of UnitedHealth Group from $694.00 to $660.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Oppenheimer cut their target price on UnitedHealth Group from $640.00 to $600.00 and set an "outperform" rating for the company in a research note on Monday. Royal Bank of Canada lowered their price target on shares of UnitedHealth Group from $655.00 to $525.00 and set an "outperform" rating on the stock in a report on Wednesday. Piper Sandler lowered their target price on shares of UnitedHealth Group from $605.00 to $600.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. Finally, Truist Financial lowered their price objective on UnitedHealth Group from $660.00 to $580.00 and set a "buy" rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, UnitedHealth Group presently has an average rating of "Buy" and a consensus target price of $603.05.

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.