UnitedHealth Group Incorporated (NYSE:UNH) Stock Position Lessened by Harbour Investment Management LLC

Harbour Investment Management LLC lessened its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 0.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,616 shares of the healthcare conglomerate’s stock after selling 25 shares during the period. UnitedHealth Group accounts for 2.0% of Harbour Investment Management LLC’s portfolio, making the stock its 14th biggest holding. Harbour Investment Management LLC’s holdings in UnitedHealth Group were worth $4,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp boosted its position in shares of UnitedHealth Group by 44.0% during the 1st quarter. WFA Asset Management Corp now owns 265 shares of the healthcare conglomerate’s stock valued at $131,000 after purchasing an additional 81 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of UnitedHealth Group by 20.6% in 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 buying an additional 1,857 shares in the last quarter. Bryn Mawr Capital Management LLC grew its holdings in shares of UnitedHealth Group by 2.6% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 38,599 shares of the healthcare conglomerate’s stock worth $19,095,000 after acquiring an additional 993 shares during the last quarter. Lincoln National Corp lifted its holdings in shares of UnitedHealth Group by 6.7% during the first quarter. Lincoln National Corp now owns 16,528 shares of the healthcare conglomerate’s stock valued at $8,176,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Quent Capital LLC increased its stake in UnitedHealth Group by 5.5% in the 1st quarter. Quent Capital LLC now owns 4,196 shares of the healthcare conglomerate’s stock worth $2,076,000 after purchasing an additional 217 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Stock Performance

Shares of NYSE:UNH traded up $3.06 during trading on Friday, reaching $567.56. The stock had a trading volume of 2,548,368 shares, compared to its average volume of 3,259,068. UnitedHealth Group Incorporated has a 52 week low of $436.38 and a 52 week high of $608.63. The stock has a fifty day simple moving average of $581.96 and a two-hundred day simple moving average of $542.00. 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 firm has a market capitalization of $524.10 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 1.66 and a beta of 0.58.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, topping analysts’ consensus estimates of $7.00 by $0.15. The business had revenue of $100.82 billion for 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%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.56 earnings per share. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 27.61 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were issued a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.40 annualized dividend and a dividend yield of 1.48%. UnitedHealth Group’s payout ratio is 54.72%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UNH. UBS Group dropped their target price on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Truist Financial restated a “buy” rating and issued a $625.00 target price (down previously from $640.00) on shares of UnitedHealth Group in a report on Wednesday, October 16th. Stephens dropped their price target on UnitedHealth Group from $632.00 to $605.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. TD Cowen lifted their target price on UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Cantor Fitzgerald boosted their price objective on shares of UnitedHealth Group from $591.00 to $644.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and an average price target of $615.53.

UnitedHealth Group Company 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.