4,065 Shares in UnitedHealth Group Incorporated (NYSE:UNH) Acquired by Baer Investment Advisory LLC

Baer Investment Advisory LLC purchased a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,065 shares of the healthcare conglomerate’s stock, valued at approximately $2,056,000. UnitedHealth Group accounts for 4.3% of Baer Investment Advisory LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNH. Michels Family Financial LLC acquired a new position in shares of UnitedHealth Group in the 4th quarter worth approximately $398,000. Peak Retirement Planning Inc. acquired a new position in UnitedHealth Group during the fourth quarter worth $351,000. Wormser Freres Gestion raised its holdings in shares of UnitedHealth Group by 1,136.0% in the 4th quarter. Wormser Freres Gestion now owns 309 shares of the healthcare conglomerate’s stock valued at $159,000 after buying an additional 284 shares during the period. Warm Springs Advisors Inc. purchased a new position in UnitedHealth Group during the 4th quarter valued at about $243,000. Finally, North Star Asset Management Inc. increased its stake in UnitedHealth Group by 4.4% during the fourth quarter. North Star Asset Management Inc. now owns 24,447 shares of the healthcare conglomerate’s stock worth $12,367,000 after purchasing an additional 1,023 shares during the period. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at UnitedHealth Group

In other news, CEO Stephen J. Hemsley bought 86,700 shares of the stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $288.57 per share, with a total value of $25,019,019.00. Following the completion of the acquisition, the chief executive officer now directly owns 679,493 shares in the company, valued at approximately $196,081,295.01. The trade was a 14.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kristen Gil bought 3,700 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $271.17 per share, with a total value of $1,003,329.00. Following the completion of the purchase, the director now owns 3,818 shares in the company, valued at approximately $1,035,327.06. This represents a 3,135.59% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 109,408 shares of company stock valued at $31,607,768 in the last ninety days. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

UNH has been the topic of several recent research reports. Truist Financial reaffirmed a “buy” rating and set a $360.00 target price (down from $580.00) on shares of UnitedHealth Group in a research note on Monday, May 19th. Royal Bank of Canada reduced their price objective on UnitedHealth Group from $525.00 to $355.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. TD Cowen downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $308.00 price target on the stock. in a report on Monday, May 19th. Wolfe Research decreased their price objective on UnitedHealth Group from $501.00 to $390.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Oppenheimer decreased their price target on shares of UnitedHealth Group from $600.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $441.87.

UnitedHealth Group Stock Down 0.4%

UnitedHealth Group stock opened at $295.37 on Friday. The stock has a 50-day simple moving average of $452.40 and a 200-day simple moving average of $505.07. The company has a market capitalization of $267.94 billion, a P/E ratio of 19.06, a PEG ratio of 1.37 and a beta of 0.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. UnitedHealth Group Incorporated has a fifty-two week low of $248.88 and a fifty-two week high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The business had revenue of $109.58 billion for the quarter, compared to analysts’ expectations of $111.56 billion. During the same quarter last year, the business posted $6.91 earnings per share. Equities research analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group’s dividend payout ratio is currently 35.18%.

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.