398 Shares in UnitedHealth Group Incorporated (NYSE:UNH) Acquired by Safeguard Financial LLC

Safeguard Financial LLC acquired a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 398 shares of the healthcare conglomerate’s stock, valued at approximately $233,000.

A number of other hedge funds also recently modified their holdings of UNH. Scarborough Advisors LLC bought a new stake in shares of UnitedHealth Group during the fourth quarter worth $120,000. Timber Creek Capital Management LLC raised its stake in shares of UnitedHealth Group by 4.8% in the 1st quarter. Timber Creek Capital Management LLC now owns 16,394 shares of the healthcare conglomerate’s stock valued at $8,111,000 after purchasing an additional 749 shares during the period. Duncan Williams Asset Management LLC bought a new position in shares of UnitedHealth Group during the first quarter worth about $922,000. Orrstown Financial Services Inc. grew its stake in shares of UnitedHealth Group by 1.6% during the 1st quarter. Orrstown Financial Services Inc. now owns 2,954 shares of the healthcare conglomerate’s stock worth $1,461,000 after acquiring an additional 47 shares in the last quarter. Finally, Moseley Investment Management Inc. boosted its holdings in UnitedHealth Group by 14.3% during the first quarter. Moseley Investment Management Inc. now owns 2,415 shares of the healthcare conglomerate’s stock worth $1,195,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Argus upped their price objective on UnitedHealth Group from $570.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Bank of America dropped their price target on UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial increased their price objective on shares of UnitedHealth Group from $600.00 to $640.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Wells Fargo & Company upped their price target on shares of UnitedHealth Group from $525.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, StockNews.com downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Two 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, the stock currently has a consensus rating of “Buy” and a consensus price target of $614.74.

UnitedHealth Group Trading Up 0.5 %

Shares of UNH stock opened at $559.25 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.88 and a current ratio of 0.88. 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 market cap of $514.73 billion, a PE ratio of 33.89, a P/E/G ratio of 1.66 and a beta of 0.58. The stock’s fifty day moving average price is $584.11 and its two-hundred day moving average price is $532.57.

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 analysts’ consensus estimates of $7.00 by $0.15. The company had revenue of $100.82 billion for the quarter, compared to the consensus estimate of $99.14 billion. UnitedHealth Group had a net margin of 3.66% and a return on equity of 26.55%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $6.56 EPS. Equities analysts predict that UnitedHealth Group Incorporated will post 27.69 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were given a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.40 dividend on an annualized basis and a yield of 1.50%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 51.34%.

Insider Transactions at UnitedHealth Group

In other UnitedHealth Group news, EVP Erin Mcsweeney sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $579.03, for a total transaction of $868,545.00. Following the transaction, the executive vice president now directly owns 7,785 shares in the company, valued at approximately $4,507,748.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

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.