Sensible Money LLC Invests $210,000 in UnitedHealth Group Incorporated (NYSE:UNH)

Sensible Money LLC acquired a new stake in UnitedHealth Group Incorporated (NYSE:UNH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 359 shares of the healthcare conglomerate’s stock, valued at approximately $210,000.

A number of other large investors have also modified their holdings of UNH. Kowal Investment Group LLC boosted its holdings in UnitedHealth Group by 27.3% during the third quarter. Kowal Investment Group LLC now owns 1,488 shares of the healthcare conglomerate’s stock worth $870,000 after buying an additional 319 shares in the last quarter. SPC Financial Inc. grew its holdings in shares of UnitedHealth Group by 233.6% in the 3rd quarter. SPC Financial Inc. now owns 1,498 shares of the healthcare conglomerate’s stock worth $876,000 after acquiring an additional 1,049 shares during the period. Alliance Wealth Advisors LLC raised its holdings in UnitedHealth Group by 9.5% during the third quarter. Alliance Wealth Advisors LLC now owns 633 shares of the healthcare conglomerate’s stock worth $370,000 after purchasing an additional 55 shares during the last quarter. B.O.S.S. Retirement Advisors LLC grew its holdings in UnitedHealth Group by 15.0% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 12,221 shares of the healthcare conglomerate’s stock valued at $7,147,000 after purchasing an additional 1,597 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in shares of UnitedHealth Group by 14.3% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 1,248 shares of the healthcare conglomerate’s stock worth $730,000 after buying an additional 156 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UNH shares. Truist Financial restated a “buy” rating and set a $625.00 target price (down previously from $640.00) on shares of UnitedHealth Group in a research report on Wednesday. Robert W. Baird upped their target price on UnitedHealth Group from $597.00 to $640.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. StockNews.com upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America cut their target price on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Barclays lifted their price target on shares of UnitedHealth Group from $560.00 to $604.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $615.16.

UnitedHealth Group Stock Down 1.7 %

Shares of NYSE:UNH opened at $561.50 on Thursday. The stock has a market capitalization of $518.50 billion, a P/E ratio of 37.88, a PEG ratio of 1.69 and a beta of 0.58. 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 1 year low of $436.38 and a 1 year high of $608.63. The stock has a 50-day simple moving average of $584.21 and a 200-day simple moving average of $532.84.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, beating the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.66% and a return on equity of 26.55%. The business had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. During the same quarter in the previous year, the business posted $6.56 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Equities analysts forecast that UnitedHealth Group Incorporated will post 27.68 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

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 annualized dividend and a yield of 1.50%. The ex-dividend date was Monday, September 16th. UnitedHealth Group’s dividend payout ratio (DPR) is 55.70%.

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.