Daiwa Securities Group Inc. Purchases 2,306 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Daiwa Securities Group Inc. increased its position in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,964 shares of the healthcare conglomerate’s stock after purchasing an additional 2,306 shares during the period. Daiwa Securities Group Inc.’s holdings in UnitedHealth Group were worth $87,711,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Robbins Farley purchased a new position in UnitedHealth Group during the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of UnitedHealth Group in the 1st quarter worth $35,000. WFA of San Diego LLC purchased a new position in shares of UnitedHealth Group in the 2nd quarter worth $39,000. Annapolis Financial Services LLC grew its stake in shares of UnitedHealth Group by 38.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 79 shares of the healthcare conglomerate’s stock worth $40,000 after buying an additional 22 shares in the last quarter. Finally, RVW Wealth LLC purchased a new position in shares of UnitedHealth Group in the 3rd quarter worth $44,000. 85.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on UNH shares. Piper Sandler dropped their price objective on shares of UnitedHealth Group from $584.00 to $581.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group reduced their price objective on shares of UnitedHealth Group from $565.00 to $503.00 and set a “hold” rating on the stock in a research report on Monday, November 20th. HSBC reissued a “reduce” rating and issued a $480.00 price objective (down from $550.00) on shares of UnitedHealth Group in a research report on Monday, December 18th. Truist Financial reissued a “buy” rating and issued a $610.00 price objective on shares of UnitedHealth Group in a research report on Thursday, November 30th. Finally, StockNews.com lowered shares of UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and an average price target of $575.79.

Check Out Our Latest Research Report on UNH

Insider Activity at UnitedHealth Group

In other UnitedHealth Group news, Director Stephen J. Hemsley sold 66,081 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $550.39, for a total value of $36,370,321.59. Following the completion of the transaction, the director now owns 635,528 shares of the company’s stock, valued at $349,788,255.92. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

UnitedHealth Group Price Performance

NYSE UNH opened at $524.94 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.79. The firm’s 50 day moving average price is $536.18 and its 200-day moving average price is $514.38. UnitedHealth Group Incorporated has a 52-week low of $445.68 and a 52-week high of $554.70. The company has a market cap of $485.53 billion, a PE ratio of 22.02, a P/E/G ratio of 1.41 and a beta of 0.56.

UnitedHealth Group (NYSE:UNHGet Free Report) last posted its earnings results on Friday, January 12th. The healthcare conglomerate reported $6.16 EPS for the quarter, beating analysts’ consensus estimates of $5.98 by $0.18. UnitedHealth Group had a net margin of 6.02% and a return on equity of 26.39%. The company had revenue of $94.43 billion during the quarter, compared to analysts’ expectations of $92.13 billion. During the same quarter in the prior year, the company posted $5.34 earnings per share. UnitedHealth Group’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts forecast that UnitedHealth Group Incorporated will post 27.88 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were given a dividend of $1.88 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $7.52 dividend on an annualized basis and a yield of 1.43%. UnitedHealth Group’s payout ratio is 31.54%.

UnitedHealth Group Profile

(Free Report)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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.

See Also

Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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