CNB Bank Has $2.46 Million Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

CNB Bank increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,870 shares of the healthcare conglomerate’s stock after buying an additional 173 shares during the period. UnitedHealth Group accounts for about 1.1% of CNB Bank’s portfolio, making the stock its 19th largest holding. CNB Bank’s holdings in UnitedHealth Group were worth $2,464,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of UNH. Saxon Interests Inc. increased its position in UnitedHealth Group by 49.4% during the 4th quarter. Saxon Interests Inc. now owns 3,437 shares of the healthcare conglomerate’s stock worth $1,738,000 after buying an additional 1,136 shares during the period. Avanza Fonder AB acquired a new stake in UnitedHealth Group in the 4th quarter worth about $40,861,000. Procyon Advisors LLC increased its holdings in shares of UnitedHealth Group by 13.3% during the fourth quarter. Procyon Advisors LLC now owns 23,701 shares of the healthcare conglomerate’s stock worth $11,989,000 after purchasing an additional 2,780 shares during the period. Border to Coast Pensions Partnership Ltd boosted its stake in shares of UnitedHealth Group by 13.3% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 160,002 shares of the healthcare conglomerate’s stock valued at $80,885,000 after buying an additional 18,737 shares during the period. Finally, Tompkins Financial Corp increased its stake in UnitedHealth Group by 21.3% during the 4th quarter. Tompkins Financial Corp now owns 2,094 shares of the healthcare conglomerate’s stock worth $1,059,000 after acquiring an additional 367 shares during the period. 87.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UNH shares. Morgan Stanley decreased their price target on UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Barclays cut their price target on shares of UnitedHealth Group from $655.00 to $642.00 and set an “overweight” rating for the company in a report on Friday. HSBC upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 price objective for the company in a research report on Friday, January 10th. Truist Financial reduced their price objective on UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, UnitedHealth Group currently has an average rating of “Buy” and a consensus price target of $627.74.

UnitedHealth Group Stock Performance

NYSE:UNH opened at $510.03 on Friday. The company has a market capitalization of $469.37 billion, a PE ratio of 33.23, a P/E/G ratio of 1.42 and a beta of 0.62. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50 day simple moving average of $551.50 and a two-hundred day simple moving average of $562.62.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.07. The business had revenue of $100.81 billion for the quarter, compared to analyst estimates of $101.60 billion. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. UnitedHealth Group’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.83 earnings per share. Research analysts anticipate that UnitedHealth Group Incorporated will post 27.6 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were paid a $2.10 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $8.40 annualized dividend and a dividend yield of 1.65%. UnitedHealth Group’s dividend payout ratio is currently 54.72%.

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.