1,500 Shares in UnitedHealth Group Incorporated (NYSE:UNH) Bought by Shay Capital LLC

Shay Capital LLC bought a new stake in UnitedHealth Group Incorporated (NYSE:UNH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,500 shares of the healthcare conglomerate’s stock, valued at approximately $759,000.

A number of other hedge funds have also recently bought and sold shares of the business. R.H. Investment Group LLC bought a new stake in shares of UnitedHealth Group during the fourth quarter valued at approximately $3,483,000. Oak Thistle LLC bought a new stake in UnitedHealth Group during the 4th quarter valued at $563,000. Nabity Jensen Investment Management Inc grew its stake in shares of UnitedHealth Group by 1.9% in the fourth quarter. Nabity Jensen Investment Management Inc now owns 2,736 shares of the healthcare conglomerate’s stock worth $1,384,000 after purchasing an additional 50 shares in the last quarter. Wiser Wealth Management Inc raised its stake in shares of UnitedHealth Group by 14.5% during the fourth quarter. Wiser Wealth Management Inc now owns 482 shares of the healthcare conglomerate’s stock valued at $244,000 after purchasing an additional 61 shares in the last quarter. Finally, ARS Wealth Advisors Group LLC increased its stake in UnitedHealth Group by 0.6% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 27,646 shares of the healthcare conglomerate’s stock valued at $13,985,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

UNH has been the topic of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $700.00 price objective on shares of UnitedHealth Group in a research note on Friday, January 17th. Bank of America cut shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $560.00 to $350.00 in a research note on Wednesday. Mizuho raised their target price on shares of UnitedHealth Group from $600.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Royal Bank of Canada cut their price objective on UnitedHealth Group from $655.00 to $525.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, Argus downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $508.38.

UnitedHealth Group Trading Down 11.1%

NYSE UNH opened at $273.96 on Friday. The company has a market capitalization of $248.52 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.37 and a beta of 0.56. UnitedHealth Group Incorporated has a 1-year low of $248.88 and a 1-year high of $630.73. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $474.72 and its 200-day simple moving average is $515.82.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.09). The firm had revenue of $109.58 billion for the quarter, compared to analyst estimates of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same quarter in the prior year, the firm earned $6.91 earnings per share. As a group, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 3.07%. The ex-dividend date was Monday, March 10th. UnitedHealth Group’s payout ratio is 35.18%.

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.