Kapstone Financial Advisors LLC Buys New Position in UnitedHealth Group Incorporated (NYSE:UNH)

Kapstone Financial Advisors LLC bought a new stake in UnitedHealth Group Incorporated (NYSE:UNH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 378 shares of the healthcare conglomerate’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNH. China Universal Asset Management Co. Ltd. boosted its position in shares of UnitedHealth Group by 20.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 10,867 shares of the healthcare conglomerate’s stock valued at $5,376,000 after purchasing an additional 1,857 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of UnitedHealth Group by 5.5% in the first quarter. Quent Capital LLC now owns 4,196 shares of the healthcare conglomerate’s stock worth $2,076,000 after buying an additional 217 shares during the period. Midwest Professional Planners LTD. acquired a new position in shares of UnitedHealth Group in the first quarter worth about $210,000. Leo Wealth LLC boosted its holdings in shares of UnitedHealth Group by 10.1% in the first quarter. Leo Wealth LLC now owns 1,112 shares of the healthcare conglomerate’s stock worth $549,000 after buying an additional 102 shares during the period. Finally, Trillium Asset Management LLC boosted its holdings in shares of UnitedHealth Group by 0.4% in the first quarter. Trillium Asset Management LLC now owns 40,302 shares of the healthcare conglomerate’s stock worth $19,937,000 after buying an additional 180 shares during the period. Institutional investors own 87.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on UNH shares. Royal Bank of Canada decreased their target price on shares of UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Hsbc Global Res lowered shares of UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Truist Financial reissued a “buy” rating and issued a $625.00 price target (down from $640.00) on shares of UnitedHealth Group in a research report on Wednesday, October 16th. TD Cowen increased their price target on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company increased their price target on shares of UnitedHealth Group from $525.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, UnitedHealth Group presently has an average rating of “Moderate Buy” and an average price target of $615.53.

UnitedHealth Group Stock Performance

Shares of UnitedHealth Group stock traded down $5.87 during midday trading on Thursday, hitting $600.00. The company had a trading volume of 387,733 shares, compared to its average volume of 3,878,591. The business’s 50 day simple moving average is $582.99 and its two-hundred day simple moving average is $548.03. The stock has a market cap of $552.17 billion, a PE ratio of 39.47, a P/E/G ratio of 1.80 and a beta of 0.58. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The business had revenue of $100.82 billion for the quarter, compared to the consensus estimate of $99.14 billion. During the same quarter last year, the company posted $6.56 earnings per share. UnitedHealth Group’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts predict that UnitedHealth Group Incorporated will post 27.61 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Monday, December 9th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 54.72%.

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.