UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 31.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,346 shares of the healthcare conglomerate’s stock after acquiring an additional 1,264 shares during the quarter. V Square Quantitative Management LLC’s holdings in UnitedHealth Group were worth $3,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UNH. Czech National Bank grew its position in shares of UnitedHealth Group by 0.4% during the first quarter. Czech National Bank now owns 162,741 shares of the healthcare conglomerate’s stock worth $80,508,000 after acquiring an additional 719 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of UnitedHealth Group by 6.6% during the first quarter. Bruce G. Allen Investments LLC now owns 938 shares of the healthcare conglomerate’s stock valued at $464,000 after buying an additional 58 shares during the last quarter. Legacy Private Trust Co. grew its holdings in UnitedHealth Group by 6.3% in the 1st quarter. Legacy Private Trust Co. now owns 10,174 shares of the healthcare conglomerate’s stock worth $5,033,000 after buying an additional 604 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in UnitedHealth Group by 0.7% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 9,892 shares of the healthcare conglomerate’s stock valued at $4,894,000 after acquiring an additional 67 shares in the last quarter. Finally, Grassi Investment Management grew its stake in shares of UnitedHealth Group by 39.5% in the first quarter. Grassi Investment Management now owns 1,235 shares of the healthcare conglomerate’s stock worth $611,000 after purchasing an additional 350 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UNH shares. TD Cowen increased their target price on shares of UnitedHealth Group from $546.00 to $601.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. UBS Group dropped their target price on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial reiterated a “buy” rating and set a $625.00 price target (down from $640.00) on shares of UnitedHealth Group in a research report on Wednesday. StockNews.com raised UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, HSBC downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research 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. According to data from MarketBeat, UnitedHealth Group has an average rating of “Buy” and an average price target of $615.16.

UnitedHealth Group Trading Up 0.4 %

Shares of UnitedHealth Group stock traded up $2.18 on Friday, reaching $568.21. 828,856 shares of the company were exchanged, compared to its average volume of 3,951,675. The firm has a market capitalization of $524.70 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 1.69 and a beta of 0.58. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $608.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $584.20 and a 200-day moving average price of $533.07.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, beating the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a return on equity of 26.55% and a net margin of 3.66%. The firm had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. During the same period in the previous year, the firm earned $6.56 earnings per share. UnitedHealth Group’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts expect that UnitedHealth Group Incorporated will post 27.68 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were given a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, September 16th. UnitedHealth Group’s payout ratio is currently 55.70%.

UnitedHealth Group Profile

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.