Handelsinvest Investeringsforvaltning Sells 411 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Handelsinvest Investeringsforvaltning cut its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 8.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,749 shares of the healthcare conglomerate’s stock after selling 411 shares during the period. UnitedHealth Group accounts for approximately 1.1% of Handelsinvest Investeringsforvaltning’s holdings, making the stock its 12th largest holding. Handelsinvest Investeringsforvaltning’s holdings in UnitedHealth Group were worth $2,349,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Richelieu Gestion SA bought a new position in UnitedHealth Group during the 4th quarter worth approximately $26,000. CGC Financial Services LLC grew its position in UnitedHealth Group by 1,000.0% during the 4th quarter. CGC Financial Services LLC now owns 55 shares of the healthcare conglomerate’s stock worth $29,000 after acquiring an additional 50 shares during the last quarter. True Wealth Design LLC bought a new position in UnitedHealth Group during the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA grew its position in shares of UnitedHealth Group by 148.1% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 67 shares of the healthcare conglomerate’s stock worth $35,000 after buying an additional 40 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in shares of UnitedHealth Group in the 4th quarter worth approximately $40,000. 87.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UNH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on UnitedHealth Group from $545.00 to $562.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Erste Group Bank reiterated a “hold” rating on shares of UnitedHealth Group in a research report on Wednesday, March 13th. Piper Sandler raised their target price on UnitedHealth Group from $566.00 to $571.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Robert W. Baird assumed coverage on UnitedHealth Group in a research note on Thursday, May 30th. They issued an “outperform” rating and a $597.00 target price for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $591.00 target price on shares of UnitedHealth Group in a research note on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $579.74.

UnitedHealth Group Stock Down 0.0 %

UnitedHealth Group stock opened at $498.00 on Wednesday. The firm has a market cap of $458.35 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.48 and a beta of 0.60. The stock has a fifty day simple moving average of $498.40 and a two-hundred day simple moving average of $501.35. UnitedHealth Group Incorporated has a 12 month low of $436.38 and a 12 month high of $554.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $6.91 EPS for the quarter, topping the consensus estimate of $6.63 by $0.28. UnitedHealth Group had a return on equity of 26.50% and a net margin of 4.05%. The company had revenue of $99.80 billion during the quarter, compared to analyst estimates of $99.23 billion. During the same quarter in the previous year, the company posted $6.26 earnings per share. UnitedHealth Group’s revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that UnitedHealth Group Incorporated will post 27.55 EPS for the current fiscal year.

UnitedHealth Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 17th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Monday, June 17th. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.88. UnitedHealth Group’s payout ratio is currently 51.34%.

UnitedHealth Group Company 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.