Meeder Asset Management Inc. Acquires 28,882 Shares of UnitedHealth Group Incorporated $UNH

Meeder Asset Management Inc. lifted its holdings in UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 6,461.3% in the 3rd quarter, Holdings Channel reports. The firm owned 29,329 shares of the healthcare conglomerate’s stock after buying an additional 28,882 shares during the quarter. Meeder Asset Management Inc.’s holdings in UnitedHealth Group were worth $10,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNH. Alley Investment Management Company LLC bought a new position in shares of UnitedHealth Group in the 3rd quarter valued at approximately $204,000. Lodestone Wealth Management LLC lifted its stake in shares of UnitedHealth Group by 13.5% in the third quarter. Lodestone Wealth Management LLC now owns 2,395 shares of the healthcare conglomerate’s stock worth $827,000 after buying an additional 284 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in UnitedHealth Group by 155.4% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,133 shares of the healthcare conglomerate’s stock worth $769,000 after acquiring an additional 1,298 shares during the period. Tema Etfs LLC boosted its holdings in UnitedHealth Group by 290.2% during the third quarter. Tema Etfs LLC now owns 23,927 shares of the healthcare conglomerate’s stock valued at $8,262,000 after acquiring an additional 17,795 shares during the period. Finally, Continuum Wealth Advisors LLC increased its stake in shares of UnitedHealth Group by 168.3% in the third quarter. Continuum Wealth Advisors LLC now owns 1,961 shares of the healthcare conglomerate’s stock worth $677,000 after purchasing an additional 1,230 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

More UnitedHealth Group News

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Wall Street Analyst Weigh In

Several brokerages have commented on UNH. Piper Sandler dropped their price target on UnitedHealth Group from $423.00 to $417.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 28th. Jefferies Financial Group boosted their price objective on shares of UnitedHealth Group from $317.00 to $409.00 and gave the stock a “buy” rating in a report on Friday, October 17th. JPMorgan Chase & Co. boosted their price target on UnitedHealth Group from $310.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Leerink Partners set a $410.00 price objective on UnitedHealth Group and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Zacks Research upgraded UnitedHealth Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.75.

Read Our Latest Analysis on UnitedHealth Group

UnitedHealth Group Price Performance

Shares of UnitedHealth Group stock opened at $343.83 on Monday. UnitedHealth Group Incorporated has a 1-year low of $234.60 and a 1-year high of $606.36. The firm’s 50-day moving average price is $329.51 and its two-hundred day moving average price is $321.33. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $311.46 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.08 and a beta of 0.42.

UnitedHealth Group (NYSE:UNHGet Free Report) last released its quarterly earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.05. The business had revenue of $113.16 billion for the quarter, compared to analyst estimates of $113.19 billion. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.UnitedHealth Group’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $7.15 EPS. On average, equities analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th were given a $2.21 dividend. This represents a $8.84 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, December 8th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 46.14%.

UnitedHealth Group Company Profile

(Free Report)

UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.

UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.

See Also

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

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