Redwood Financial Network Corp Trims Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Redwood Financial Network Corp lessened its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 12.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 844 shares of the healthcare conglomerate’s stock after selling 119 shares during the quarter. Redwood Financial Network Corp’s holdings in UnitedHealth Group were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp raised its position in shares of UnitedHealth Group by 1.7% during the 2nd quarter. State Street Corp now owns 46,313,751 shares of the healthcare conglomerate’s stock valued at $22,260,241,000 after purchasing an additional 764,872 shares during the period. Geode Capital Management LLC increased its holdings in UnitedHealth Group by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 17,546,024 shares of the healthcare conglomerate’s stock valued at $8,410,038,000 after acquiring an additional 444,629 shares during the last quarter. Morgan Stanley increased its holdings in UnitedHealth Group by 13.8% in the 4th quarter. Morgan Stanley now owns 15,635,038 shares of the healthcare conglomerate’s stock valued at $8,289,386,000 after acquiring an additional 1,893,192 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in UnitedHealth Group by 100,076.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,823,820 shares of the healthcare conglomerate’s stock valued at $6,268,753,000 after acquiring an additional 11,812,017 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in UnitedHealth Group by 3.5% in the 2nd quarter. Alliancebernstein L.P. now owns 11,749,819 shares of the healthcare conglomerate’s stock valued at $5,647,433,000 after acquiring an additional 399,739 shares during the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Wall Street Analysts Forecast Growth

UNH has been the topic of a number of research reports. StockNews.com downgraded shares of UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Jefferies Financial Group reduced their target price on shares of UnitedHealth Group from $565.00 to $503.00 and set a “hold” rating on the stock in a report on Monday, November 20th. Morgan Stanley reduced their target price on shares of UnitedHealth Group from $587.00 to $579.00 and set an “overweight” rating on the stock in a report on Monday, October 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $591.00 price target on shares of UnitedHealth Group in a research note on Friday, January 19th. Finally, Truist Financial reaffirmed a “buy” rating and set a $610.00 price target on shares of UnitedHealth Group in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $575.79.

View Our Latest Analysis on UNH

UnitedHealth Group Stock Down 1.4 %

Shares of NYSE:UNH traded down $6.98 during trading hours on Monday, hitting $503.25. The company’s stock had a trading volume of 1,033,962 shares, compared to its average volume of 4,416,093. UnitedHealth Group Incorporated has a 52 week low of $445.68 and a 52 week high of $554.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.79 and a quick ratio of 0.80. The company has a market capitalization of $465.47 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.39 and a beta of 0.54. The firm’s fifty day moving average price is $528.32 and its 200 day moving average price is $517.61.

UnitedHealth Group (NYSE:UNHGet Free Report) last posted its quarterly earnings results on Friday, January 12th. The healthcare conglomerate reported $6.16 EPS for the quarter, beating the consensus estimate of $5.98 by $0.18. UnitedHealth Group had a net margin of 6.02% and a return on equity of 26.39%. The business had revenue of $94.43 billion during the quarter, compared to analyst estimates of $92.13 billion. During the same quarter in the previous year, the business posted $5.34 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts expect that UnitedHealth Group Incorporated will post 27.84 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were paid a dividend of $1.88 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $7.52 annualized dividend and a dividend yield of 1.49%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 31.54%.

Insider Buying and Selling

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

About UnitedHealth Group

(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.

Further Reading

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

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