Community Bank N.A. Sells 700 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Community Bank N.A. reduced its stake in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,068 shares of the healthcare conglomerate's stock after selling 700 shares during the period. Community Bank N.A.'s holdings in UnitedHealth Group were worth $3,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNH. Napatree Capital LLC grew its holdings in UnitedHealth Group by 16.5% during the fourth quarter. Napatree Capital LLC now owns 629 shares of the healthcare conglomerate's stock valued at $318,000 after purchasing an additional 89 shares during the period. Meridian Wealth Advisors LLC increased its position in shares of UnitedHealth Group by 0.9% in the 4th quarter. Meridian Wealth Advisors LLC now owns 13,193 shares of the healthcare conglomerate's stock valued at $6,674,000 after buying an additional 115 shares in the last quarter. Richwood Investment Advisors LLC lifted its holdings in UnitedHealth Group by 0.4% during the fourth quarter. Richwood Investment Advisors LLC now owns 5,247 shares of the healthcare conglomerate's stock worth $2,654,000 after acquiring an additional 20 shares in the last quarter. Banco de Sabadell S.A raised its position in shares of UnitedHealth Group by 1.3% during the fourth quarter. Banco de Sabadell S.A now owns 7,006 shares of the healthcare conglomerate's stock worth $3,546,000 after purchasing an additional 92 shares during the period. Finally, Mosley Wealth Management grew its position in shares of UnitedHealth Group by 9.5% in the 4th quarter. Mosley Wealth Management now owns 1,400 shares of the healthcare conglomerate's stock valued at $753,000 after purchasing an additional 121 shares during the period. Institutional investors own 87.86% of the company's stock.

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Insiders Place Their Bets

In other news, Director Timothy Patrick Flynn acquired 1,000 shares of UnitedHealth Group stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $511.57 per share, for a total transaction of $511,570.00. Following the transaction, the director now directly owns 4,500 shares of the company's stock, valued at approximately $2,302,065. The trade was a 28.57 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.33% of the company's stock.

UnitedHealth Group Price Performance

Shares of NYSE:UNH traded down $2.92 during midday trading on Tuesday, hitting $513.58. The stock had a trading volume of 3,014,621 shares, compared to its average volume of 4,086,166. The company's 50-day moving average price is $509.71 and its 200-day moving average price is $546.15. The company has a market capitalization of $469.78 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. 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 Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73.

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 company had revenue of $100.81 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $5.83 EPS. As a group, equities research analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The business 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 annualized dividend and a yield of 1.64%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's payout ratio is 54.19%.

Analysts Set New Price Targets

UNH has been the topic of a number of research reports. HSBC raised shares of UnitedHealth Group from a "hold" rating to a "buy" rating and set a $595.00 price target on the stock in a research note on Friday, January 10th. Truist Financial cut their price target on UnitedHealth Group from $625.00 to $610.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their target price on UnitedHealth Group from $595.00 to $625.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $700.00 price objective on shares of UnitedHealth Group in a report on Friday, January 17th. Finally, Oppenheimer raised their target price on shares of UnitedHealth Group from $610.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Twenty analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, UnitedHealth Group has an average rating of "Buy" and an average target price of $629.32.

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.