Teacher Retirement System of Texas Buys 87,662 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Teacher Retirement System of Texas increased its stake in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 391,768 shares of the healthcare conglomerate's stock after purchasing an additional 87,662 shares during the period. UnitedHealth Group makes up approximately 0.7% of Teacher Retirement System of Texas' portfolio, making the stock its 15th biggest holding. Teacher Retirement System of Texas' holdings in UnitedHealth Group were worth $198,180,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UNH. Howard Capital Management Group LLC purchased a new stake in UnitedHealth Group during the third quarter valued at about $341,000. Principal Financial Group Inc. grew its position in UnitedHealth Group by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate's stock valued at $1,039,933,000 after acquiring an additional 180,479 shares during the last quarter. BIP Wealth LLC lifted its holdings in shares of UnitedHealth Group by 51.0% in the 3rd quarter. BIP Wealth LLC now owns 610 shares of the healthcare conglomerate's stock worth $357,000 after acquiring an additional 206 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of UnitedHealth Group by 53.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 87,219 shares of the healthcare conglomerate's stock valued at $50,995,000 after purchasing an additional 30,340 shares during the last quarter. Finally, Strategy Asset Managers LLC boosted its position in UnitedHealth Group by 269.2% during the third quarter. Strategy Asset Managers LLC now owns 9,755 shares of the healthcare conglomerate's stock valued at $5,703,000 after buying an additional 7,113 shares during the period. 87.86% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Oppenheimer boosted their price objective on UnitedHealth Group from $610.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Wells Fargo & Company dropped their target price 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. Piper Sandler lowered their price target on UnitedHealth Group from $605.00 to $600.00 and set an "overweight" rating for the company in a research report on Thursday, January 2nd. Cantor Fitzgerald restated an "overweight" rating and set a $700.00 target price on shares of UnitedHealth Group in a report on Friday, January 17th. Finally, Truist Financial reduced their price target on shares of UnitedHealth Group from $625.00 to $610.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Twenty analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $629.32.

Insider Transactions at UnitedHealth Group

In other UnitedHealth Group news, Director Timothy Patrick Flynn acquired 1,000 shares of the business's stock in a transaction on Friday, January 17th. The shares were bought at an average price of $511.57 per share, with a total value of $511,570.00. Following the transaction, the director now directly owns 4,500 shares of the company's stock, valued at $2,302,065. The trade was a 28.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.33% of the company's stock.

UnitedHealth Group Stock Performance

Shares of NYSE UNH traded up $0.09 during midday trading on Monday, hitting $516.94. 3,840,856 shares of the company's stock traded hands, compared to its average volume of 4,087,243. UnitedHealth Group Incorporated has a 1 year low of $436.38 and a 1 year high of $630.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The stock has a market capitalization of $472.85 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. The firm has a fifty day moving average of $510.19 and a 200 day moving average of $546.71.

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

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group's dividend payout ratio is currently 54.19%.

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.