Bill Few Associates Inc. Raises Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Bill Few Associates Inc. increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 5.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,019 shares of the healthcare conglomerate’s stock after purchasing an additional 50 shares during the period. Bill Few Associates Inc.’s holdings in UnitedHealth Group were worth $596,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Griffin Asset Management Inc. lifted its holdings in UnitedHealth Group by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 16,025 shares of the healthcare conglomerate’s stock worth $9,369,000 after purchasing an additional 50 shares in the last quarter. Jamison Private Wealth Management Inc. raised its holdings in shares of UnitedHealth Group by 16.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,225 shares of the healthcare conglomerate’s stock valued at $716,000 after acquiring an additional 171 shares in the last quarter. Opal Wealth Advisors LLC raised its holdings in shares of UnitedHealth Group by 18.6% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,535 shares of the healthcare conglomerate’s stock valued at $2,652,000 after acquiring an additional 710 shares in the last quarter. Braun Bostich & Associates Inc. raised its holdings in shares of UnitedHealth Group by 14.6% in the 3rd quarter. Braun Bostich & Associates Inc. now owns 903 shares of the healthcare conglomerate’s stock valued at $528,000 after acquiring an additional 115 shares in the last quarter. Finally, Acorn Creek Capital LLC raised its holdings in shares of UnitedHealth Group by 33.3% in the 3rd quarter. Acorn Creek Capital LLC now owns 616 shares of the healthcare conglomerate’s stock valued at $360,000 after acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on UNH. Argus raised their price target on UnitedHealth Group from $570.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Robert W. Baird increased their price objective on UnitedHealth Group from $597.00 to $640.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. TD Cowen increased their price objective on UnitedHealth Group from $546.00 to $601.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. HSBC increased their price objective on UnitedHealth Group from $580.00 to $610.00 in a research report on Thursday, July 18th. Finally, Jefferies Financial Group upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $481.00 to $647.00 in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, UnitedHealth Group currently has an average rating of “Buy” and an average target price of $617.37.

Insider Buying and Selling at UnitedHealth Group

In other UnitedHealth Group news, EVP Erin Mcsweeney sold 1,500 shares of UnitedHealth Group stock in a transaction 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 completion of the transaction, the executive vice president now owns 7,785 shares in the company, valued at approximately $4,507,748.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.

UnitedHealth Group Price Performance

Shares of UNH stock opened at $554.45 on Wednesday. The firm has a market cap of $510.31 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.66 and a beta of 0.58. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day moving average price is $584.11 and its 200-day moving average price is $532.57. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $608.63.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating analysts’ consensus estimates of $7.00 by $0.15. The company had revenue of $100.82 billion during the quarter, compared to analysts’ expectations of $99.14 billion. UnitedHealth Group had a return on equity of 26.55% and a net margin of 3.66%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $6.56 EPS. On average, equities research analysts anticipate that UnitedHealth Group Incorporated will post 27.69 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Monday, September 16th. UnitedHealth Group’s payout ratio is 51.34%.

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.