Legacy Wealth Management LLC MS Has $4.97 Million Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Legacy Wealth Management LLC MS lessened its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,491 shares of the healthcare conglomerate’s stock after selling 175 shares during the quarter. UnitedHealth Group makes up approximately 1.8% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 12th largest position. Legacy Wealth Management LLC MS’s holdings in UnitedHealth Group were worth $4,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. Coronation Fund Managers Ltd. increased its position in UnitedHealth Group by 1.4% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 94,397 shares of the healthcare conglomerate’s stock valued at $48,073,000 after purchasing an additional 1,261 shares during the period. Pure Financial Advisors LLC lifted its stake in shares of UnitedHealth Group by 1.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 4,469 shares of the healthcare conglomerate’s stock valued at $2,276,000 after purchasing an additional 73 shares during the period. TruNorth Capital Management LLC lifted its stake in UnitedHealth Group by 262.5% in the second quarter. TruNorth Capital Management LLC now owns 116 shares of the healthcare conglomerate’s stock valued at $59,000 after buying an additional 84 shares during the period. Old Port Advisors raised its holdings in shares of UnitedHealth Group by 4.5% during the second quarter. Old Port Advisors now owns 943 shares of the healthcare conglomerate’s stock valued at $480,000 after purchasing an additional 41 shares during the period. Finally, Rappaport Reiches Capital Management LLC lifted its holdings in shares of UnitedHealth Group by 2.8% in the 2nd quarter. Rappaport Reiches Capital Management LLC now owns 1,081 shares of the healthcare conglomerate’s stock worth $551,000 after purchasing an additional 29 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Price Performance

Shares of NYSE UNH traded up $4.23 during midday trading on Friday, hitting $519.99. 2,813,929 shares of the company’s stock were exchanged, compared to its average volume of 3,962,921. UnitedHealth Group Incorporated has a 12-month low of $436.38 and a 12-month high of $630.73. The company has a market cap of $478.54 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 1.57 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average price is $583.29 and its two-hundred day moving average price is $559.30.

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

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be paid a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. UnitedHealth Group’s dividend payout ratio (DPR) is 54.72%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UNH shares. Deutsche Bank Aktiengesellschaft lifted their target price on UnitedHealth Group from $595.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Truist Financial reiterated a “buy” rating and set a $625.00 price target (down from $640.00) on shares of UnitedHealth Group in a report on Wednesday, October 16th. Morgan Stanley lowered their price objective on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Oppenheimer lifted their price target on shares of UnitedHealth Group from $610.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Stephens boosted their target price on UnitedHealth Group from $605.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $626.84.

About UnitedHealth Group

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.