Legacy Investment Solutions LLC Invests $57,000 in UnitedHealth Group Incorporated (NYSE:UNH)

Legacy Investment Solutions LLC acquired a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH) during the 3rd quarter, Holdings Channel reports. The firm acquired 94 shares of the healthcare conglomerate’s stock, valued at approximately $57,000.

Other institutional investors also recently modified their holdings of the company. Dunhill Financial LLC boosted its holdings in UnitedHealth Group by 18.4% in the 3rd quarter. Dunhill Financial LLC now owns 418 shares of the healthcare conglomerate’s stock valued at $244,000 after purchasing an additional 65 shares during the period. Tenere Capital LLC bought a new stake in shares of UnitedHealth Group in the third quarter valued at approximately $7,030,000. World Investment Advisors LLC increased its stake in UnitedHealth Group by 2,607.2% during the 3rd quarter. World Investment Advisors LLC now owns 331,664 shares of the healthcare conglomerate’s stock worth $193,917,000 after acquiring an additional 319,413 shares during the period. Zacks Investment Management lifted its position in shares of UnitedHealth Group by 124.6% during the 3rd quarter. Zacks Investment Management now owns 246,068 shares of the healthcare conglomerate’s stock valued at $143,871,000 after acquiring an additional 136,525 shares during the period. Finally, Zega Financial LLC increased its position in shares of UnitedHealth Group by 27.8% in the third quarter. Zega Financial LLC now owns 10,052 shares of the healthcare conglomerate’s stock worth $5,877,000 after purchasing an additional 2,184 shares during the period. Institutional investors own 87.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UNH. Morgan Stanley reduced their price objective on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. StockNews.com cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Hsbc Global Res downgraded UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. UBS Group dropped their price objective on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Barclays boosted their target price on UnitedHealth Group from $603.00 to $655.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $626.84.

UnitedHealth Group Stock Down 5.1 %

Shares of UNH opened at $549.62 on Friday. The company has a market capitalization of $505.81 billion, a PE ratio of 35.81, a PEG ratio of 1.79 and a beta of 0.58. The stock’s 50-day moving average price is $586.84 and its two-hundred day moving average price is $558.81. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a 12 month low of $436.38 and a 12 month high of $630.73.

UnitedHealth Group (NYSE:UNH) last released its 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. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The business had revenue of $100.82 billion during the quarter, compared to the consensus estimate of $99.14 billion. During the same quarter in the prior year, the firm posted $6.56 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts anticipate that UnitedHealth Group Incorporated will post 27.63 EPS for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be given a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend 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.