Shum Financial Group Inc. Invests $1.64 Million in UnitedHealth Group Incorporated $UNH

Shum Financial Group Inc. acquired a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) in the 3rd quarter, HoldingsChannel reports. The firm acquired 4,748 shares of the healthcare conglomerate’s stock, valued at approximately $1,639,000. UnitedHealth Group accounts for approximately 1.2% of Shum Financial Group Inc.’s portfolio, making the stock its 24th largest holding.

A number of other institutional investors also recently modified their holdings of UNH. Brighton Jones LLC lifted its stake in UnitedHealth Group by 176.2% in the 4th quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate’s stock valued at $22,384,000 after purchasing an additional 28,231 shares during the last quarter. Revolve Wealth Partners LLC raised its position in UnitedHealth Group by 137.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate’s stock valued at $2,033,000 after purchasing an additional 2,324 shares during the last quarter. Unisphere Establishment boosted its position in UnitedHealth Group by 12.5% during the 1st quarter. Unisphere Establishment now owns 450,000 shares of the healthcare conglomerate’s stock worth $235,688,000 after buying an additional 50,000 shares during the period. Rench Wealth Management Inc. lifted its holdings in shares of UnitedHealth Group by 2.9% during the first quarter. Rench Wealth Management Inc. now owns 11,286 shares of the healthcare conglomerate’s stock worth $5,911,000 after purchasing an additional 314 shares during the period. Finally, Empyrean Capital Partners LP acquired a new position in UnitedHealth Group during the 1st quarter worth about $62,850,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UNH. Jefferies Financial Group lifted their price objective on UnitedHealth Group from $317.00 to $409.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Wells Fargo & Company increased their price objective on shares of UnitedHealth Group from $267.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Barclays upped their price target on shares of UnitedHealth Group from $352.00 to $386.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Sanford C. Bernstein boosted their price objective on UnitedHealth Group from $433.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Mizuho lifted their target price on UnitedHealth Group from $300.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Seventeen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $385.54.

UnitedHealth Group Trading Up 1.0%

NYSE:UNH opened at $332.13 on Wednesday. UnitedHealth Group Incorporated has a one year low of $234.60 and a one year high of $606.36. The company has a market cap of $300.86 billion, a PE ratio of 17.33, a PEG ratio of 2.14 and a beta of 0.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average of $332.33 and a 200-day moving average of $319.37.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data 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 firm had revenue of $113.16 billion during 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%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $7.15 EPS. As a group, equities research analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 8th were paid a $2.21 dividend. The ex-dividend date was Monday, December 8th. This represents a $8.84 annualized dividend and a dividend yield of 2.7%. UnitedHealth Group’s dividend payout ratio is presently 46.14%.

UnitedHealth Group Profile

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.