Blue Zone Wealth Advisors LLC Acquires 1,994 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Blue Zone Wealth Advisors LLC increased its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 18.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,082 shares of the healthcare conglomerate’s stock after acquiring an additional 1,994 shares during the period. UnitedHealth Group makes up about 1.9% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 13th biggest position. Blue Zone Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $6,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC bought a new position in shares of UnitedHealth Group in the 4th quarter worth $25,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of UnitedHealth Group during the 4th quarter valued at $26,000. Hurley Capital LLC bought a new position in shares of UnitedHealth Group during the 4th quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of UnitedHealth Group during the 4th quarter valued at $30,000. Finally, Promus Capital LLC bought a new position in shares of UnitedHealth Group during the 4th quarter valued at $32,000. Institutional investors own 87.86% of the company’s stock.

Insider Buying and Selling at UnitedHealth Group

In other UnitedHealth Group news, CFO John F. Rex bought 17,175 shares of UnitedHealth Group stock in a transaction dated Friday, May 16th. The shares were purchased at an average cost of $291.12 per share, for a total transaction of $4,999,986.00. Following the acquisition, the chief financial officer now directly owns 203,796 shares in the company, valued at approximately $59,329,091.52. This represents a 9.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen J. Hemsley bought 86,700 shares of UnitedHealth Group stock in a transaction dated Friday, May 16th. The stock was acquired at an average price of $288.57 per share, for a total transaction of $25,019,019.00. Following the completion of the acquisition, the chief executive officer now 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 disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 109,408 shares of company stock worth $31,607,768. Insiders own 0.33% of the company’s stock.

UnitedHealth Group Trading Up 2.5%

Shares of UnitedHealth Group stock opened at $303.24 on Friday. The company’s fifty day simple moving average is $409.03 and its 200-day simple moving average is $484.21. The stock has a market capitalization of $275.08 billion, a PE ratio of 19.56, a P/E/G ratio of 1.37 and a beta of 0.44. UnitedHealth Group Incorporated has a 1-year low of $248.88 and a 1-year high of $630.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91.

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

UnitedHealth Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Monday, June 16th will be given a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a dividend yield of 2.92%. This is an increase from UnitedHealth Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend is Monday, June 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 37.02%.

Analyst Upgrades and Downgrades

UNH has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and issued a $360.00 price target (down previously from $580.00) on shares of UnitedHealth Group in a report on Monday, May 19th. JPMorgan Chase & Co. lowered their price target on shares of UnitedHealth Group from $525.00 to $405.00 and set an “overweight” rating for the company in a research report on Thursday, May 15th. Wolfe Research lowered their price target on shares of UnitedHealth Group from $501.00 to $390.00 and set an “outperform” rating for the company in a research report on Tuesday, May 20th. Wall Street Zen lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Mizuho reduced their price objective on shares of UnitedHealth Group from $515.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $428.43.

UnitedHealth Group 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.