SRS Investment Management LLC Has $147.70 Million Position in UnitedHealth Group Incorporated (NYSE:UNH)

SRS Investment Management LLC boosted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,979 shares of the healthcare conglomerate's stock after purchasing an additional 50,286 shares during the period. UnitedHealth Group makes up approximately 2.1% of SRS Investment Management LLC's holdings, making the stock its 12th biggest position. SRS Investment Management LLC's holdings in UnitedHealth Group were worth $147,700,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UNH. NewSquare Capital LLC purchased a new position in UnitedHealth Group in the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new stake in shares of UnitedHealth Group during the fourth quarter valued at approximately $28,000. AlphaMark Advisors LLC acquired a new position in UnitedHealth Group in the 4th quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of UnitedHealth Group in the fourth quarter valued at $30,000. Finally, Promus Capital LLC purchased a new position in shares of UnitedHealth Group during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 87.86% of the company's stock.

Analyst Ratings Changes

UNH has been the topic of several research analyst reports. Mizuho lifted their target price on UnitedHealth Group from $600.00 to $650.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Barclays dropped their price objective on shares of UnitedHealth Group from $642.00 to $560.00 and set an "overweight" rating on the stock in a research note on Monday. StockNews.com raised shares of UnitedHealth Group from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. HSBC reaffirmed a "hold" rating and issued a $490.00 target price on shares of UnitedHealth Group in a research report on Tuesday. Finally, Morgan Stanley lowered their price target on UnitedHealth Group from $664.00 to $563.00 and set an "overweight" rating for the company in a research note on Tuesday. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, UnitedHealth Group has a consensus rating of "Buy" and an average target price of $604.67.

UnitedHealth Group Stock Performance

Shares of UNH stock traded up $1.07 during mid-day trading on Wednesday, reaching $428.25. The stock had a trading volume of 8,338,869 shares, compared to its average volume of 4,439,718. The firm's 50 day simple moving average is $506.92 and its 200 day simple moving average 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. The firm has a market cap of $391.73 billion, a PE ratio of 27.63, a P/E/G ratio of 1.37 and a beta of 0.61. UnitedHealth Group Incorporated has a one year low of $417.12 and a one year high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $111.56 billion. During the same quarter last year, the business earned $6.91 EPS. On average, analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

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

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.