Pinnacle West Asset Management Inc. Purchases 165 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Pinnacle West Asset Management Inc. raised its stake in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,085 shares of the healthcare conglomerate’s stock after acquiring an additional 165 shares during the period. UnitedHealth Group comprises approximately 3.2% of Pinnacle West Asset Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Pinnacle West Asset Management Inc.’s holdings in UnitedHealth Group were worth $3,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in UNH. Richelieu Gestion SA purchased a new position in shares of UnitedHealth Group in the 4th quarter worth about $26,000. CGC Financial Services LLC grew its holdings in UnitedHealth Group by 1,000.0% during the fourth quarter. CGC Financial Services LLC now owns 55 shares of the healthcare conglomerate’s stock valued at $29,000 after purchasing an additional 50 shares during the period. LFA Lugano Financial Advisors SA lifted its position in shares of UnitedHealth Group by 148.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 67 shares of the healthcare conglomerate’s stock valued at $35,000 after buying an additional 40 shares during the last quarter. O Brien Wealth Partners LLC raised its stake in UnitedHealth Group by 36.8% in the 4th quarter. O Brien Wealth Partners LLC now owns 78 shares of the healthcare conglomerate’s stock valued at $41,000 after acquiring an additional 21 shares during the period. Finally, Friedenthal Financial bought a new position in UnitedHealth Group during the fourth quarter worth about $42,000. 87.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNH has been the subject of several analyst reports. Baird R W raised shares of UnitedHealth Group to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company decreased their price objective on UnitedHealth Group from $600.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft lifted their target price on UnitedHealth Group from $545.00 to $562.00 and gave the company a “buy” rating in a report on Friday, April 19th. Royal Bank of Canada cut their price objective on shares of UnitedHealth Group from $596.00 to $555.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of UnitedHealth Group in a report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, UnitedHealth Group has a consensus rating of “Moderate Buy” and a consensus target price of $578.75.

Get Our Latest Report on UNH

UnitedHealth Group Trading Down 0.9 %

Shares of NYSE:UNH traded down $4.61 on Friday, reaching $497.31. 191,350 shares of the company traded hands, compared to its average volume of 4,131,083. The stock has a market capitalization of $457.72 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.58. UnitedHealth Group Incorporated has a 52 week low of $436.38 and a 52 week high of $554.70. The business’s 50-day simple moving average is $490.43 and its 200 day simple moving average is $508.35. 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:UNHGet Free Report) last issued its earnings results on Tuesday, April 16th. The healthcare conglomerate reported $6.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.63 by $0.28. The firm had revenue of $99.80 billion for the quarter, compared to analysts’ expectations of $99.23 billion. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $6.26 earnings per share. As a group, equities analysts anticipate that UnitedHealth Group Incorporated will post 27.57 EPS for the current fiscal year.

UnitedHealth Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 17th will be issued a $2.10 dividend. The ex-dividend date is Monday, June 17th. This represents a $8.40 annualized dividend and a yield of 1.69%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $1.88. UnitedHealth Group’s dividend payout ratio (DPR) is 45.97%.

About UnitedHealth Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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