Griffin Asset Management Inc. Has $3.41 Million Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Griffin Asset Management Inc. increased its stake in UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,695 shares of the healthcare conglomerate’s stock after purchasing an additional 21 shares during the period. Griffin Asset Management Inc.’s holdings in UnitedHealth Group were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Stonnington Group LLC lifted its position in UnitedHealth Group by 7.8% during the 1st quarter. Stonnington Group LLC now owns 27,583 shares of the healthcare conglomerate’s stock worth $14,824,000 after buying an additional 1,985 shares in the last quarter. MCIA Inc lifted its position in UnitedHealth Group by 1.3% during the 1st quarter. MCIA Inc now owns 3,786 shares of the healthcare conglomerate’s stock worth $2,035,000 after buying an additional 50 shares in the last quarter. RDA Financial Network lifted its position in UnitedHealth Group by 9.3% during the 1st quarter. RDA Financial Network now owns 8,886 shares of the healthcare conglomerate’s stock worth $4,532,000 after buying an additional 759 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of UnitedHealth Group by 0.5% in the 1st quarter. Wedge Capital Management L L P NC now owns 17,008 shares of the healthcare conglomerate’s stock valued at $8,674,000 after purchasing an additional 83 shares during the period. Finally, Matisse Capital raised its holdings in shares of UnitedHealth Group by 24.0% in the 1st quarter. Matisse Capital now owns 930 shares of the healthcare conglomerate’s stock valued at $474,000 after purchasing an additional 180 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of UnitedHealth Group from $613.00 to $612.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 25th. Sanford C. Bernstein lowered shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and set a $561.00 target price on the stock. in a research report on Thursday, May 26th. They noted that the move was a valuation call. Royal Bank of Canada set a $563.00 target price on shares of UnitedHealth Group and gave the stock an “outperform” rating in a research report on Monday, April 18th. Oppenheimer increased their target price on shares of UnitedHealth Group from $550.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday, April 18th. Finally, Truist Financial increased their price target on shares of UnitedHealth Group from $575.00 to $610.00 in a research report on Thursday, April 7th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $555.73.

UNH stock opened at $489.68 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.78. UnitedHealth Group Incorporated has a one year low of $383.12 and a one year high of $553.29. The stock has a market cap of $459.40 billion, a PE ratio of 26.80, a P/E/G ratio of 1.41 and a beta of 0.83. The firm has a 50 day simple moving average of $496.56 and a two-hundred day simple moving average of $490.86.

UnitedHealth Group (NYSE:UNHGet Rating) last announced its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.09. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The company had revenue of $80.15 billion during the quarter, compared to analysts’ expectations of $78.77 billion. During the same quarter in the prior year, the company earned $5.31 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that UnitedHealth Group Incorporated will post 21.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 1.35%. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date is Thursday, June 16th. UnitedHealth Group’s dividend payout ratio is 36.12%.

In other UnitedHealth Group news, Director Frederick William Mcnabb III acquired 89 shares of the stock in a transaction dated Thursday, May 26th. The shares were purchased at an average price of $504.32 per share, for a total transaction of $44,884.48. Following the purchase, the director now directly owns 11,259 shares of the company’s stock, valued at $5,678,138.88. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard T. Burke sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $478.96, for a total transaction of $1,197,400.00. Following the completion of the transaction, the director now owns 1,215,000 shares in the company, valued at approximately $581,936,400. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

UnitedHealth Group Company Profile (Get Rating)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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 well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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