UnitedHealth Group Incorporated (NYSE:UNH) is Thunderbird Partners LLP's Largest Position

Thunderbird Partners LLP increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,116 shares of the healthcare conglomerate's stock after acquiring an additional 12,857 shares during the quarter. UnitedHealth Group makes up about 55.7% of Thunderbird Partners LLP's portfolio, making the stock its largest position. Thunderbird Partners LLP's holdings in UnitedHealth Group were worth $34,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC bought a new position in shares of UnitedHealth Group in the fourth quarter valued at $25,000. Hurley Capital LLC acquired a new position in UnitedHealth Group during the 4th quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of UnitedHealth Group in the fourth quarter valued at approximately $30,000. AlphaMark Advisors LLC bought a new stake in UnitedHealth Group during the fourth quarter worth $30,000. Finally, Promus Capital LLC bought a new position in UnitedHealth Group during the 4th quarter valued at $32,000. 87.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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 research report on Wednesday, April 9th. Royal Bank of Canada cut their target price on UnitedHealth Group from $655.00 to $525.00 and set an "outperform" rating on the stock in a research note on Wednesday. Oppenheimer dropped their price target on UnitedHealth Group from $640.00 to $600.00 and set an "outperform" rating on the stock in a report on Monday. Piper Sandler decreased their target price 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. Finally, Truist Financial reduced their price target on shares of UnitedHealth Group from $660.00 to $580.00 and set a "buy" rating for the company in a research report on Monday. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $604.67.

UnitedHealth Group Price Performance

NYSE:UNH traded up $1.07 during mid-day trading on Wednesday, hitting $428.25. 8,338,869 shares of the stock traded hands, compared to its average volume of 4,439,718. The company has a market cap of $391.73 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. UnitedHealth Group Incorporated has a 12-month low of $417.12 and a 12-month high of $630.73. The business's 50-day moving average price is $506.92 and its 200 day moving average price is $537.23. 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 announced its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.09). The company had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same quarter in the previous year, the firm earned $6.91 earnings per share. On average, analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 1.96%. UnitedHealth Group's payout ratio is 35.18%.

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.