HF Advisory Group LLC Has $701,000 Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

HF Advisory Group LLC cut its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,199 shares of the healthcare conglomerate’s stock after selling 59 shares during the quarter. HF Advisory Group LLC’s holdings in UnitedHealth Group were worth $701,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its position in UnitedHealth Group by 20.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 10,867 shares of the healthcare conglomerate’s stock valued at $5,376,000 after purchasing an additional 1,857 shares in the last quarter. Quent Capital LLC increased its stake in shares of UnitedHealth Group by 5.5% in the first quarter. Quent Capital LLC now owns 4,196 shares of the healthcare conglomerate’s stock worth $2,076,000 after acquiring an additional 217 shares during the last quarter. Embree Financial Group boosted its position in UnitedHealth Group by 12.1% during the first quarter. Embree Financial Group now owns 613 shares of the healthcare conglomerate’s stock valued at $303,000 after purchasing an additional 66 shares during the last quarter. Valley Wealth Managers Inc. increased its position in UnitedHealth Group by 8.7% in the 1st quarter. Valley Wealth Managers Inc. now owns 1,149 shares of the healthcare conglomerate’s stock worth $568,000 after purchasing an additional 92 shares during the last quarter. Finally, SPC Financial Inc. lifted its holdings in shares of UnitedHealth Group by 3.6% during the 1st quarter. SPC Financial Inc. now owns 5,185 shares of the healthcare conglomerate’s stock valued at $2,565,000 after buying an additional 179 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Stock Up 1.6 %

UNH stock opened at $566.96 on Wednesday. The business’s 50-day simple moving average is $580.96 and its 200 day simple moving average is $543.36. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The company has a market cap of $523.54 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 1.64 and a beta of 0.58. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $608.63.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, topping the consensus estimate of $7.00 by $0.15. The firm had revenue of $100.82 billion during the quarter, compared to analysts’ expectations of $99.14 billion. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. UnitedHealth Group’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $6.56 earnings per share. On average, research analysts anticipate that UnitedHealth Group Incorporated will post 27.61 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 1.48%. UnitedHealth Group’s payout ratio is 54.72%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. HSBC cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. TD Cowen upped their price objective on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company raised their target price on UnitedHealth Group from $525.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Bank of America lowered their price objective on UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, KeyCorp began coverage on UnitedHealth Group in a research report on Friday, October 11th. They set an “overweight” rating and a $675.00 target price for the company. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $615.53.

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.