M. Kraus & Co lessened its holdings in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 593 shares of the healthcare conglomerate’s stock after selling 52 shares during the quarter. M. Kraus & Co’s holdings in UnitedHealth Group were worth $347,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in UnitedHealth Group during the fourth quarter valued at $120,000. Creekmur Asset Management LLC acquired a new stake in UnitedHealth Group during the fourth quarter worth $332,000. Vima LLC purchased a new position in UnitedHealth Group during the fourth quarter worth about $154,000. Northwest Bank & Trust Co acquired a new stake in shares of UnitedHealth Group in the fourth quarter valued at $634,000. Finally, Richardson Financial Services Inc. acquired a new position in UnitedHealth Group in the 4th quarter valued at about $1,242,000. 87.86% of the stock is owned by hedge funds and other institutional investors.
UnitedHealth Group Trading Up 1.3 %
Shares of NYSE UNH traded up $7.99 during midday trading on Monday, hitting $606.04. The stock had a trading volume of 981,930 shares, compared to its average volume of 3,906,298. The company has a fifty day moving average price of $583.64 and a 200 day moving average price of $531.35. The company has a market capitalization of $559.63 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 1.66 and a beta of 0.58. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $607.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.67.
UnitedHealth Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were paid a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.40 annualized dividend and a dividend yield of 1.39%. UnitedHealth Group’s dividend payout ratio is presently 55.70%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of UnitedHealth Group from $555.00 to $615.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. TD Cowen boosted their price objective on shares of UnitedHealth Group from $546.00 to $601.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. HSBC raised their target price on shares of UnitedHealth Group from $580.00 to $610.00 in a research report on Thursday, July 18th. Morgan Stanley raised their price objective on shares of UnitedHealth Group from $595.00 to $615.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, Truist Financial increased their target price on shares of UnitedHealth Group from $600.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $617.37.
Check Out Our Latest Analysis on UNH
Insider Transactions at UnitedHealth Group
In related news, EVP Erin Mcsweeney sold 1,500 shares of the company’s 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 directly owns 7,785 shares in the company, valued at $4,507,748.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 value of $868,545.00. Following the completion of the transaction, the executive vice president now directly owns 7,785 shares of the company’s stock, valued at $4,507,748.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas E. Roos sold 2,851 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $569.88, for a total value of $1,624,727.88. Following the completion of the transaction, the chief accounting officer now directly owns 29,501 shares of the company’s stock, valued at approximately $16,812,029.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
UnitedHealth Group 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.
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