Moody Aldrich Partners LLC Invests $581,000 in UnitedHealth Group Incorporated (NYSE:UNH)

Moody Aldrich Partners LLC bought a new position in UnitedHealth Group Incorporated (NYSE:UNHFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,138 shares of the healthcare conglomerate’s stock, valued at approximately $581,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robbins Farley acquired a new stake in UnitedHealth Group during the third quarter valued at $25,000. NewSquare Capital LLC boosted its position in UnitedHealth Group by 340.0% during the third quarter. NewSquare Capital LLC now owns 66 shares of the healthcare conglomerate’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in UnitedHealth Group during the first quarter valued at $35,000. WFA of San Diego LLC acquired a new stake in UnitedHealth Group during the second quarter valued at $39,000. Finally, Annapolis Financial Services LLC boosted its position in UnitedHealth Group by 38.6% during the third quarter. Annapolis Financial Services LLC now owns 79 shares of the healthcare conglomerate’s stock valued at $40,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

Wall Street Analysts Forecast Growth

UNH has been the topic of several recent research reports. Jefferies Financial Group cut their target price on UnitedHealth Group from $565.00 to $503.00 and set a “hold” rating on the stock in a report on Monday, November 20th. Oppenheimer restated an “outperform” rating and set a $610.00 target price on shares of UnitedHealth Group in a report on Wednesday, January 17th. Cantor Fitzgerald restated an “overweight” rating and set a $591.00 target price on shares of UnitedHealth Group in a report on Friday, January 19th. Morgan Stanley cut their target price on UnitedHealth Group from $587.00 to $579.00 and set an “overweight” rating on the stock in a report on Monday, October 23rd. Finally, Piper Sandler dropped their price objective on UnitedHealth Group from $584.00 to $581.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $575.79.

View Our Latest Stock Report on UnitedHealth Group

UnitedHealth Group Stock Up 0.6 %

UNH stock opened at $510.28 on Friday. UnitedHealth Group Incorporated has a twelve month low of $445.68 and a twelve month high of $554.70. The company has a market cap of $471.97 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.38 and a beta of 0.54. The business’s 50-day simple moving average is $528.32 and its 200 day simple moving average is $517.39. The company has a quick ratio of 0.80, a current ratio of 0.79 and a debt-to-equity ratio of 0.62.

UnitedHealth Group (NYSE:UNHGet Free Report) last released its quarterly earnings data on Friday, January 12th. The healthcare conglomerate reported $6.16 earnings per share for the quarter, beating analysts’ consensus estimates of $5.98 by $0.18. The company had revenue of $94.43 billion for the quarter, compared to the consensus estimate of $92.13 billion. UnitedHealth Group had a return on equity of 26.39% and a net margin of 6.02%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business earned $5.34 earnings per share. On average, research analysts anticipate that UnitedHealth Group Incorporated will post 27.84 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, December 4th were issued a dividend of $1.88 per share. This represents a $7.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, December 1st. UnitedHealth Group’s payout ratio is 31.54%.

Insider Buying and Selling at UnitedHealth Group

In other news, Director Stephen J. Hemsley sold 66,081 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $550.39, for a total value of $36,370,321.59. Following the transaction, the director now directly owns 635,528 shares of the company’s stock, valued at approximately $349,788,255.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

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

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

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