Chesapeake Capital Corp IL Makes New $516,000 Investment in UnitedHealth Group Incorporated (NYSE:UNH)

Chesapeake Capital Corp IL acquired a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 883 shares of the healthcare conglomerate’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Concord Asset Management LLC VA boosted its position in UnitedHealth Group by 11.4% during the 3rd quarter. Concord Asset Management LLC VA now owns 7,302 shares of the healthcare conglomerate’s stock valued at $4,269,000 after acquiring an additional 748 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in UnitedHealth Group during the 3rd quarter valued at $88,000. Adero Partners LLC boosted its position in UnitedHealth Group by 2.9% during the 3rd quarter. Adero Partners LLC now owns 1,229 shares of the healthcare conglomerate’s stock valued at $719,000 after acquiring an additional 35 shares in the last quarter. Atlanta Consulting Group Advisors LLC boosted its position in UnitedHealth Group by 43.6% during the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 3,025 shares of the healthcare conglomerate’s stock valued at $1,769,000 after acquiring an additional 919 shares in the last quarter. Finally, GoalVest Advisory LLC boosted its position in shares of UnitedHealth Group by 4.0% in the 3rd quarter. GoalVest Advisory LLC now owns 3,248 shares of the healthcare conglomerate’s stock worth $1,899,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 87.86% of the company’s stock.

Analyst Upgrades and Downgrades

UNH has been the subject of a number of recent analyst reports. HSBC cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. UBS Group lowered their price objective on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. StockNews.com upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley reduced their target price on UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Stephens reduced their target price on UnitedHealth Group from $632.00 to $605.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $615.53.

UnitedHealth Group Price Performance

Shares of UnitedHealth Group stock opened at $592.23 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $630.73. The business has a 50-day moving average price of $582.84 and a 200 day moving average price of $549.52. The firm has a market cap of $545.02 billion, a PE ratio of 38.58, a P/E/G ratio of 1.74 and a beta of 0.58.

UnitedHealth Group (NYSE:UNH) last announced its quarterly 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 return on equity of 26.37% and a net margin of 3.63%. The firm had revenue of $100.82 billion during the quarter, compared to analyst estimates of $99.14 billion. During the same quarter in the previous year, the business earned $6.56 EPS. UnitedHealth Group’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts predict that UnitedHealth Group Incorporated will post 27.6 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, December 9th. UnitedHealth Group’s dividend payout ratio is currently 54.72%.

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.