German American Bancorp Inc. Sells 6,251 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

German American Bancorp Inc. trimmed its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,864 shares of the healthcare conglomerate's stock after selling 6,251 shares during the period. UnitedHealth Group comprises about 1.5% of German American Bancorp Inc.'s holdings, making the stock its 17th biggest holding. German American Bancorp Inc.'s holdings in UnitedHealth Group were worth $14,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in UnitedHealth Group during the fourth quarter valued at approximately $140,962,000. Bank of Nova Scotia lifted its holdings in shares of UnitedHealth Group by 119.4% during the fourth quarter. Bank of Nova Scotia now owns 635,455 shares of the healthcare conglomerate's stock worth $321,489,000 after buying an additional 345,799 shares during the last quarter. Shelton Capital Management grew its stake in shares of UnitedHealth Group by 13.9% in the fourth quarter. Shelton Capital Management now owns 34,200 shares of the healthcare conglomerate's stock worth $17,300,000 after acquiring an additional 4,182 shares during the last quarter. Southeast Asset Advisors LLC raised its position in shares of UnitedHealth Group by 13.6% during the fourth quarter. Southeast Asset Advisors LLC now owns 760 shares of the healthcare conglomerate's stock valued at $384,000 after buying an additional 91 shares during the last quarter. Finally, Canopy Partners LLC lifted its holdings in shares of UnitedHealth Group by 17.8% during the 4th quarter. Canopy Partners LLC now owns 5,244 shares of the healthcare conglomerate's stock worth $2,653,000 after acquiring an additional 794 shares during the period. Institutional investors and hedge funds own 87.86% of the company's stock.

Insider Transactions at UnitedHealth Group

In related news, Director Timothy Patrick Flynn acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $511.57 per share, for a total transaction of $511,570.00. Following the transaction, the director now owns 4,500 shares in the company, valued at $2,302,065. This represents a 28.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.33% of the company's stock.

UnitedHealth Group Stock Performance

Shares of UNH stock traded up $4.70 during trading hours on Friday, hitting $599.10. 6,117,814 shares of the company were exchanged, compared to its average volume of 4,351,444. The stock has a market capitalization of $548.00 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 1.37 and a beta of 0.61. The firm has a fifty day simple moving average of $512.87 and a 200 day simple moving average of $542.03. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a 52-week low of $436.38 and a 52-week high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share for the quarter, topping analysts' consensus estimates of $6.74 by $0.07. The firm had revenue of $100.81 billion during the quarter, compared to analyst estimates of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $5.83 earnings per share. Research analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $2.10 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 1.40%. UnitedHealth Group's dividend payout ratio is currently 54.19%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UNH. KeyCorp restated an "overweight" rating and issued a $650.00 price objective on shares of UnitedHealth Group in a research report on Friday, January 17th. 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. Piper Sandler decreased their price target on shares of UnitedHealth Group from $605.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Cantor Fitzgerald reissued an "overweight" rating and set a $700.00 price target on shares of UnitedHealth Group in a research report on Friday, January 17th. Finally, Truist Financial upped their target price on shares of UnitedHealth Group from $610.00 to $660.00 and gave the company a "buy" rating in a report on Friday. Twenty-one analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $632.85.

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.