Strengthening Families & Communities LLC Sells 287 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Strengthening Families & Communities LLC decreased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 24.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 889 shares of the healthcare conglomerate’s stock after selling 287 shares during the quarter. Strengthening Families & Communities LLC’s holdings in UnitedHealth Group were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mendel Capital Management LLC boosted its holdings in UnitedHealth Group by 3.0% in the 3rd quarter. Mendel Capital Management LLC now owns 1,149 shares of the healthcare conglomerate’s stock valued at $672,000 after purchasing an additional 33 shares during the period. Aviso Wealth Management raised its holdings in shares of UnitedHealth Group by 6.5% in the 3rd quarter. Aviso Wealth Management now owns 834 shares of the healthcare conglomerate’s stock valued at $488,000 after acquiring an additional 51 shares in the last quarter. Braun Stacey Associates Inc. grew its holdings in shares of UnitedHealth Group by 6.0% during the third quarter. Braun Stacey Associates Inc. now owns 45,941 shares of the healthcare conglomerate’s stock worth $26,861,000 after purchasing an additional 2,599 shares in the last quarter. GLOBALT Investments LLC GA raised its stake in UnitedHealth Group by 112.1% in the third quarter. GLOBALT Investments LLC GA now owns 12,903 shares of the healthcare conglomerate’s stock valued at $7,544,000 after purchasing an additional 6,819 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in shares of UnitedHealth Group by 4.6% in the 3rd quarter. AMG National Trust Bank now owns 17,673 shares of the healthcare conglomerate’s stock worth $10,333,000 after buying an additional 778 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UNH has been the subject of several research analyst reports. Truist Financial reaffirmed a “buy” rating and set a $625.00 price target (down previously from $640.00) on shares of UnitedHealth Group in a research note on Wednesday, October 16th. TD Cowen lifted their price target on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. UBS Group reduced their target price on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. KeyCorp initiated coverage on UnitedHealth Group in a research note on Friday, October 11th. They set an “overweight” rating and a $675.00 price objective on the stock. Finally, Hsbc Global Res cut UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $615.53.

UnitedHealth Group Stock Performance

UnitedHealth Group stock opened at $589.65 on Tuesday. The stock has a market cap of $542.64 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 1.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50 day simple moving average is $582.75 and its two-hundred day simple moving average is $550.66. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. The business had revenue of $100.82 billion during the quarter, compared to analyst estimates of $99.14 billion. During the same quarter last year, the firm posted $6.56 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, analysts expect that UnitedHealth Group Incorporated will post 27.6 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date 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.