Mitsubishi UFJ Asset Management UK Ltd. Sells 100 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

by · The Cerbat Gem

Mitsubishi UFJ Asset Management UK Ltd. lowered its stake in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the healthcare conglomerate’s stock after selling 100 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in UnitedHealth Group were worth $1,462,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of UNH. Harbor Investment Advisory LLC increased its stake in UnitedHealth Group by 3.2% in the first quarter. Harbor Investment Advisory LLC now owns 35,946 shares of the healthcare conglomerate’s stock valued at $17,783,000 after acquiring an additional 1,129 shares during the last quarter. Austin Private Wealth LLC lifted its position in shares of UnitedHealth Group by 9.8% during the 1st quarter. Austin Private Wealth LLC now owns 1,246 shares of the healthcare conglomerate’s stock worth $573,000 after buying an additional 111 shares during the last quarter. Capital Insight Partners LLC grew its position in UnitedHealth Group by 3.8% in the first quarter. Capital Insight Partners LLC now owns 9,045 shares of the healthcare conglomerate’s stock valued at $4,475,000 after acquiring an additional 332 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of UnitedHealth Group during the 1st quarter valued at approximately $282,469,000. Finally, Tealwood Asset Management Inc. acquired a new position in shares of UnitedHealth Group during the third quarter worth $2,905,000. Institutional investors own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on UNH shares. Truist Financial reiterated a “buy” rating and issued a $625.00 target price (down from $640.00) on shares of UnitedHealth Group in a research report on Wednesday. TD Cowen boosted their target price on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada cut their price target on shares of UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating on the stock in a report on Wednesday. Robert W. Baird lifted their target price on UnitedHealth Group from $597.00 to $640.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Finally, HSBC downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $615.58.

Get Our Latest Analysis on UNH

UnitedHealth Group Stock Up 0.6 %

Shares of UnitedHealth Group stock traded up $3.58 during trading hours on Friday, reaching $569.61. The company’s stock had a trading volume of 3,687,045 shares, compared to its average volume of 3,966,484. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.88 and a current ratio of 0.88. UnitedHealth Group Incorporated has a one year low of $436.38 and a one year high of $608.63. The company has a market capitalization of $525.99 billion, a P/E ratio of 37.77, a P/E/G ratio of 1.69 and a beta of 0.58. The stock’s fifty day simple moving average is $584.42 and its two-hundred day simple moving average is $533.63.

UnitedHealth Group (NYSE:UNH – Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, topping the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a return on equity of 26.55% and a net margin of 3.66%. The firm had revenue of $100.82 billion during the quarter, compared to the consensus estimate of $99.14 billion. During the same period in the prior year, the business posted $6.56 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, research analysts forecast that UnitedHealth Group Incorporated will post 27.68 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Monday, September 16th. UnitedHealth Group’s payout ratio is 55.70%.

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.

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