UnitedHealth Group Incorporated (NYSE:UNH) Stock Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,230,981 shares of the healthcare conglomerate's stock after acquiring an additional 3,648 shares during the quarter. PNC Financial Services Group Inc. owned 0.13% of UnitedHealth Group worth $719,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Parnassus Investments LLC lifted its position in UnitedHealth Group by 8,993.4% during the 3rd quarter. Parnassus Investments LLC now owns 189,415 shares of the healthcare conglomerate's stock worth $110,747,000 after acquiring an additional 187,332 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of UnitedHealth Group during the third quarter worth about $276,785,000. SouthState Corp increased its stake in shares of UnitedHealth Group by 2.9% in the third quarter. SouthState Corp now owns 8,805 shares of the healthcare conglomerate's stock worth $5,148,000 after buying an additional 252 shares during the last quarter. Vance Wealth Inc. bought a new position in UnitedHealth Group during the 3rd quarter worth approximately $223,000. Finally, First City Capital Management Inc. increased its holdings in shares of UnitedHealth Group by 2.7% in the 3rd quarter. First City Capital Management Inc. now owns 1,131 shares of the healthcare conglomerate's stock valued at $661,000 after acquiring an additional 30 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on UNH shares. StockNews.com upgraded shares of UnitedHealth Group from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Hsbc Global Res downgraded UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. UBS Group reduced their price target on shares of UnitedHealth Group from $680.00 to $650.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Stephens cut their price objective on shares of UnitedHealth Group from $632.00 to $605.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Bank of America cut their price target on UnitedHealth Group from $675.00 to $650.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, UnitedHealth Group has an average rating of "Moderate Buy" and an average target price of $615.53.

UnitedHealth Group Trading Down 2.2 %

Shares of UnitedHealth Group stock traded down $12.72 on Tuesday, reaching $576.93. 3,142,427 shares of the company were exchanged, compared to its average volume of 3,879,812. The stock has a fifty day moving average price of $582.75 and a 200-day moving average price of $550.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $530.94 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.58. 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 Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The business had revenue of $100.82 billion during the quarter, compared to the consensus estimate of $99.14 billion. During the same quarter in the prior year, the firm earned $6.56 EPS. The firm's quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts expect that UnitedHealth Group Incorporated will post 27.6 EPS for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be issued a $2.10 dividend. The ex-dividend date is Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.46%. UnitedHealth Group's dividend payout ratio is 54.72%.

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.