Mawer Investment Management Ltd. Reduces Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Mawer Investment Management Ltd. reduced its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,130,294 shares of the healthcare conglomerate's stock after selling 49,481 shares during the quarter. UnitedHealth Group makes up 4.9% of Mawer Investment Management Ltd.'s portfolio, making the stock its 5th largest holding. Mawer Investment Management Ltd. owned approximately 0.23% of UnitedHealth Group worth $1,077,631,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UNH. Howard Capital Management Group LLC acquired a new position in UnitedHealth Group during the third quarter worth $341,000. Principal Financial Group Inc. grew its stake in UnitedHealth Group by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate's stock worth $1,039,933,000 after buying an additional 180,479 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of UnitedHealth Group by 129.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,029,540 shares of the healthcare conglomerate's stock valued at $601,951,000 after acquiring an additional 581,324 shares during the last quarter. L.M. Kohn & Company increased its holdings in UnitedHealth Group by 1.6% during the 3rd quarter. L.M. Kohn & Company now owns 5,037 shares of the healthcare conglomerate's stock valued at $2,945,000 after purchasing an additional 81 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in UnitedHealth Group in the third quarter worth $4,522,000. Institutional investors and hedge funds own 87.86% of the company's stock.

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UnitedHealth Group Stock Down 0.1 %

Shares of NYSE UNH traded down $0.36 during mid-day trading on Wednesday, reaching $522.76. 1,256,418 shares of the company's stock were exchanged, compared to its average volume of 4,261,224. The business has a fifty day simple moving average of $509.06 and a 200 day simple moving average of $542.96. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $630.73. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $478.17 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.37 and a beta of 0.62.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.07. The company had revenue of $100.81 billion during the quarter, compared to the consensus estimate of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The firm's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.83 earnings per share. As a group, equities 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. Stockholders of record on Monday, March 10th were paid 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 dividend yield of 1.61%. UnitedHealth Group's dividend payout ratio is currently 54.19%.

Analysts Set New Price Targets

Several research analysts recently issued reports on UNH shares. Piper Sandler reduced their price target on shares of UnitedHealth Group from $605.00 to $600.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Cantor Fitzgerald reissued an "overweight" rating and issued a $700.00 price target on shares of UnitedHealth Group in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upped their price objective on UnitedHealth Group from $595.00 to $625.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. HSBC raised 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. Finally, Wells Fargo & Company dropped their price objective on UnitedHealth Group from $694.00 to $660.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Twenty analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $629.32.

Insider Transactions at UnitedHealth Group

In other UnitedHealth Group news, Director Timothy Patrick Flynn acquired 1,000 shares of UnitedHealth Group stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $2,302,065. This represents a 28.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.

About UnitedHealth Group

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.