Private Asset Management Inc. Cuts Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Private Asset Management Inc. lowered its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 10.6% in the 1st quarter, HoldingsChannel reports. The fund owned 1,120 shares of the healthcare conglomerate’s stock after selling 133 shares during the period. Private Asset Management Inc.’s holdings in UnitedHealth Group were worth $417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its position in UnitedHealth Group by 10.5% in the fourth quarter. TCTC Holdings LLC now owns 13,700 shares of the healthcare conglomerate’s stock worth $4,805,000 after acquiring an additional 1,303 shares in the last quarter. AGF Investments Inc. grew its position in UnitedHealth Group by 18.7% in the fourth quarter. AGF Investments Inc. now owns 518,475 shares of the healthcare conglomerate’s stock worth $181,819,000 after acquiring an additional 81,789 shares in the last quarter. Trust Asset Management LLC grew its position in UnitedHealth Group by 30.3% in the fourth quarter. Trust Asset Management LLC now owns 6,268 shares of the healthcare conglomerate’s stock worth $2,198,000 after acquiring an additional 1,458 shares in the last quarter. Lokken Investment Group LLC purchased a new position in UnitedHealth Group in the fourth quarter worth about $734,000. Finally, Kinloch Capital LLC bought a new stake in UnitedHealth Group in the fourth quarter worth about $116,000. Institutional investors own 86.03% of the company’s stock.

Several analysts have issued reports on UNH shares. Truist raised their price objective on shares of UnitedHealth Group from $400.00 to $420.00 in a research note on Tuesday, January 5th. SVB Leerink raised their price objective on shares of UnitedHealth Group from $378.00 to $390.00 and gave the stock an “outperform” rating in a research note on Monday, December 14th. Barclays reissued a “buy” rating and issued a $405.00 price objective on shares of UnitedHealth Group in a research note on Sunday, January 17th. Bank of America reaffirmed a “buy” rating and set a $415.00 price target on shares of UnitedHealth Group in a research note on Thursday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of UnitedHealth Group from $404.00 to $409.00 and gave the company a “buy” rating in a research note on Thursday, January 21st. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. UnitedHealth Group currently has a consensus rating of “Buy” and a consensus price target of $387.82.

In other news, Director Richard T. Burke sold 5,000 shares of the business’s stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $335.80, for a total transaction of $1,679,000.00. Following the sale, the director now directly owns 153,953 shares of the company’s stock, valued at $51,697,417.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas E. Roos sold 619 shares of the business’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $323.90, for a total transaction of $200,494.10. Following the sale, the chief accounting officer now directly owns 31,908 shares in the company, valued at $10,335,001.20. The disclosure for this sale can be found here. Insiders have sold 9,619 shares of company stock worth $3,292,774 over the last three months. Corporate insiders own 0.80% of the company’s stock.

NYSE UNH opened at $365.64 on Thursday. The firm’s fifty day simple moving average is $351.44 and its two-hundred day simple moving average is $339.34. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. UnitedHealth Group Incorporated has a 12-month low of $246.26 and a 12-month high of $380.50. The firm has a market capitalization of $345.65 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.55 and a beta of 0.74.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, January 19th. The healthcare conglomerate reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.13. UnitedHealth Group had a net margin of 6.62% and a return on equity of 27.53%. The business had revenue of $65.47 billion for the quarter, compared to analyst estimates of $64.98 billion. During the same period in the previous year, the company earned $3.90 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict that UnitedHealth Group Incorporated will post 16.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 23rd. Shareholders of record on Monday, March 15th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, March 12th. UnitedHealth Group’s dividend payout ratio is currently 33.09%.

UnitedHealth Group Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, Children's Health Insurance Program, and health care programs; medical and dental benefits; and health care delivery.

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

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