Tolleson Wealth Management Inc. Has $1.70 Million Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Tolleson Wealth Management Inc. lifted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 12.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,354 shares of the healthcare conglomerate’s stock after acquiring an additional 365 shares during the quarter. UnitedHealth Group makes up 0.3% of Tolleson Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Tolleson Wealth Management Inc.’s holdings in UnitedHealth Group were worth $1,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming increased its stake in UnitedHealth Group by 141.2% in the fourth quarter. State of Wyoming now owns 2,241 shares of the healthcare conglomerate’s stock valued at $1,134,000 after purchasing an additional 1,312 shares in the last quarter. Stonebrook Private Inc. increased its stake in UnitedHealth Group by 11.3% in the fourth quarter. Stonebrook Private Inc. now owns 6,071 shares of the healthcare conglomerate’s stock valued at $3,071,000 after purchasing an additional 618 shares in the last quarter. Strategic Wealth Partners Ltd. increased its stake in UnitedHealth Group by 108.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 13,202 shares of the healthcare conglomerate’s stock valued at $7,013,000 after purchasing an additional 6,860 shares in the last quarter. Strive Asset Management LLC bought a new stake in UnitedHealth Group in the fourth quarter valued at $404,000. Finally, Tang Capital Management LLC grew its position in UnitedHealth Group by 62.3% in the 4th quarter. Tang Capital Management LLC now owns 2,308 shares of the healthcare conglomerate’s stock worth $1,168,000 after purchasing an additional 886 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

UNH has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of UnitedHealth Group from $677.00 to $351.00 and set an “overweight” rating on the stock in a research note on Wednesday. Erste Group Bank cut shares of UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. HSBC restated a “hold” rating and set a $490.00 price target on shares of UnitedHealth Group in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price target on shares of UnitedHealth Group from $563.00 to $374.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Argus cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $486.00.

UnitedHealth Group Stock Performance

UnitedHealth Group stock opened at $291.24 on Friday. The firm’s fifty day moving average price is $470.82 and its 200-day moving average price is $513.60. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The stock has a market cap of $264.20 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.37 and a beta of 0.56. UnitedHealth Group Incorporated has a fifty-two week low of $248.88 and a fifty-two week high of $630.73.

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

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group’s dividend payout ratio is currently 35.18%.

Insider Activity at UnitedHealth Group

In other news, Director Kristen Gil purchased 3,700 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were acquired at an average price of $271.17 per share, with a total value of $1,003,329.00. Following the acquisition, the director now directly owns 3,818 shares in the company, valued at approximately $1,035,327.06. The trade was a 3,135.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy Patrick Flynn bought 1,533 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were bought at an average cost of $320.80 per share, for a total transaction of $491,786.40. Following the purchase, the director now directly owns 6,033 shares in the company, valued at approximately $1,935,386.40. This represents a 34.07% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 109,408 shares of company stock valued at $31,607,768. Insiders own 0.33% of the company’s stock.

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.