Baird Financial Group Inc. Has $229.39 Million Stock Holdings in UnitedHealth Group Incorporated $UNH

by · The Cerbat Gem

Baird Financial Group Inc. raised its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 437,977 shares of the healthcare conglomerate’s stock after purchasing an additional 21,826 shares during the period. Baird Financial Group Inc.’s holdings in UnitedHealth Group were worth $229,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. grew its holdings in UnitedHealth Group by 4.6% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,324 shares of the healthcare conglomerate’s stock valued at $2,264,000 after purchasing an additional 189 shares during the last quarter. Kingdon Capital Management L.L.C. acquired a new stake in shares of UnitedHealth Group in the first quarter worth $10,612,000. Panagora Asset Management Inc. grew its stake in shares of UnitedHealth Group by 93.8% in the first quarter. Panagora Asset Management Inc. now owns 508,849 shares of the healthcare conglomerate’s stock worth $266,510,000 after acquiring an additional 246,321 shares during the last quarter. Activest Wealth Management grew its stake in shares of UnitedHealth Group by 107.0% in the first quarter. Activest Wealth Management now owns 387 shares of the healthcare conglomerate’s stock worth $203,000 after acquiring an additional 200 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in shares of UnitedHealth Group by 9.7% in the first quarter. Vident Advisory LLC now owns 88,866 shares of the healthcare conglomerate’s stock worth $46,545,000 after acquiring an additional 7,834 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

UnitedHealth Group Stock Up 2.5%

Shares of NYSE UNH opened at $309.77 on Friday. The stock has a market cap of $280.55 billion, a PE ratio of 13.42, a PEG ratio of 1.95 and a beta of 0.43. The business has a fifty day moving average of $288.16 and a two-hundred day moving average of $381.70. UnitedHealth Group Incorporated has a 52-week low of $234.60 and a 52-week high of $630.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85.

UnitedHealth Group (NYSE:UNH – Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.45 by ($0.37). The company had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, equities research analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Monday, September 15th will be issued a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. UnitedHealth Group’s payout ratio is currently 38.30%.

Insider Activity

In related news, CEO Patrick Hugh Conway sold 589 shares of UnitedHealth Group stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $305.00, for a total value of $179,645.00. Following the completion of the transaction, the chief executive officer directly owned 10,398 shares of the company’s stock, valued at $3,171,390. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UNH has been the topic of several research analyst reports. Oppenheimer lowered their price objective on shares of UnitedHealth Group from $400.00 to $325.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. UBS Group reaffirmed a “buy” rating on shares of UnitedHealth Group in a research report on Thursday, July 17th. Piper Sandler reduced their target price on UnitedHealth Group from $353.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their target price on UnitedHealth Group from $521.00 to $362.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Finally, Truist Financial reduced their target price on UnitedHealth Group from $360.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Fifteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, UnitedHealth Group has a consensus rating of “Moderate Buy” and an average price target of $353.00.

Get Our Latest Research Report on UNH

UnitedHealth Group Company Profile

(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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