SevenBridge Financial Group LLC Acquires 1,570 Shares of UnitedHealth Group Incorporated $UNH

SevenBridge Financial Group LLC boosted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,829 shares of the healthcare conglomerate’s stock after purchasing an additional 1,570 shares during the quarter. SevenBridge Financial Group LLC’s holdings in UnitedHealth Group were worth $3,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Forefront Analytics LLC boosted its stake in shares of UnitedHealth Group by 4.2% in the 1st quarter. Forefront Analytics LLC now owns 820 shares of the healthcare conglomerate’s stock valued at $430,000 after purchasing an additional 33 shares in the last quarter. TFB Advisors LLC grew its holdings in shares of UnitedHealth Group by 2.7% during the first quarter. TFB Advisors LLC now owns 1,272 shares of the healthcare conglomerate’s stock worth $666,000 after purchasing an additional 33 shares during the last quarter. Bank OZK increased its position in UnitedHealth Group by 4.6% in the 1st quarter. Bank OZK now owns 766 shares of the healthcare conglomerate’s stock valued at $401,000 after acquiring an additional 34 shares in the last quarter. GK Wealth Management LLC raised its position in UnitedHealth Group by 7.2% in the 1st quarter. GK Wealth Management LLC now owns 506 shares of the healthcare conglomerate’s stock worth $265,000 after purchasing an additional 34 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its position in shares of UnitedHealth Group by 12.0% during the second quarter. Western Pacific Wealth Management LP now owns 336 shares of the healthcare conglomerate’s stock worth $105,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Stock Up 1.5%

Shares of UnitedHealth Group stock opened at $341.83 on Monday. The firm has a market cap of $309.65 billion, a PE ratio of 17.84, a P/E/G ratio of 2.23 and a beta of 0.43. UnitedHealth Group Incorporated has a 52-week low of $234.60 and a 52-week high of $606.36. The business’s 50 day simple moving average is $339.84 and its 200 day simple moving average is $317.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 0.82.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, October 28th. The healthcare conglomerate reported $2.92 EPS for the quarter, beating the consensus estimate of $2.87 by $0.05. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The company had revenue of $113.16 billion during the quarter, compared to the consensus estimate of $113.19 billion. During the same quarter in the prior year, the firm posted $7.15 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 8th will be issued a dividend of $2.21 per share. The ex-dividend date is Monday, December 8th. This represents a $8.84 dividend on an annualized basis and a yield of 2.6%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 46.14%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UNH. KeyCorp increased their price objective on shares of UnitedHealth Group from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $440.00 price objective on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Morgan Stanley increased their target price on shares of UnitedHealth Group from $325.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Deutsche Bank Aktiengesellschaft cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 price objective for the company. in a research report on Wednesday, October 29th. Finally, Leerink Partners set a $410.00 price target on UnitedHealth Group and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Seventeen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $385.54.

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.