Skandinaviska Enskilda Banken AB publ Sells 1,428 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Skandinaviska Enskilda Banken AB publ lessened its position in UnitedHealth Group Incorporated (NYSE:UNH) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 516,372 shares of the healthcare conglomerate’s stock after selling 1,428 shares during the period. UnitedHealth Group accounts for about 1.2% of Skandinaviska Enskilda Banken AB publ’s investment portfolio, making the stock its 13th largest holding. Skandinaviska Enskilda Banken AB publ’s holdings in UnitedHealth Group were worth $262,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UNH. Howard Capital Management Group LLC acquired a new stake in UnitedHealth Group in the 3rd quarter worth $341,000. Principal Financial Group Inc. increased its stake in UnitedHealth Group by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate’s stock valued at $1,039,933,000 after acquiring an additional 180,479 shares during the period. Harbour Investments Inc. lifted its position in shares of UnitedHealth Group by 4.2% in the 3rd quarter. Harbour Investments Inc. now owns 6,599 shares of the healthcare conglomerate’s stock worth $3,858,000 after acquiring an additional 263 shares during the period. WealthPlan Investment Management LLC increased its position in shares of UnitedHealth Group by 32.3% during the third quarter. WealthPlan Investment Management LLC now owns 941 shares of the healthcare conglomerate’s stock valued at $550,000 after purchasing an additional 230 shares during the period. Finally, First Heartland Consultants Inc. lifted its position in UnitedHealth Group by 3.7% in the third quarter. First Heartland Consultants Inc. now owns 1,166 shares of the healthcare conglomerate’s stock worth $682,000 after purchasing an additional 42 shares during the period. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Trading Down 1.0 %

UNH opened at $481.18 on Thursday. The firm has a 50 day simple moving average of $512.33 and a 200 day simple moving average of $551.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73. The company has a market cap of $440.14 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The business had revenue of $100.81 billion during the quarter, compared to analysts’ expectations of $101.60 billion. During the same period in the previous year, the firm earned $5.83 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 1.75%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 54.19%.

Insider Activity

In other UnitedHealth Group news, Director Timothy Patrick Flynn acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the transaction, the director now owns 4,500 shares of the company’s stock, valued at $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays dropped their price target on shares of UnitedHealth Group from $655.00 to $642.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company lowered their price target on UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. HSBC raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 target price on the stock in a report on Friday, January 10th. Piper Sandler decreased their price objective on shares of UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on UnitedHealth Group from $595.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $629.32.

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.