UnitedHealth Group Incorporated (NYSE:UNH) Shares Purchased by Raymond James Trust N.A.


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Raymond James Trust N.A. increased its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,681 shares of the healthcare conglomerate’s stock after purchasing an additional 145 shares during the period. UnitedHealth Group accounts for about 0.8% of Raymond James Trust N.A.’s holdings, making the stock its 24th biggest holding. Raymond James Trust N.A.’s holdings in UnitedHealth Group were worth $21,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its position in UnitedHealth Group by 4.4% during the second quarter. Nuveen Asset Management LLC now owns 7,294,171 shares of the healthcare conglomerate’s stock worth $2,151,416,000 after purchasing an additional 305,797 shares during the last quarter. Morgan Stanley increased its position in UnitedHealth Group by 4.9% during the third quarter. Morgan Stanley now owns 7,003,292 shares of the healthcare conglomerate’s stock worth $2,183,416,000 after purchasing an additional 325,936 shares during the last quarter. Sanders Capital LLC increased its position in UnitedHealth Group by 3.3% during the third quarter. Sanders Capital LLC now owns 5,600,237 shares of the healthcare conglomerate’s stock worth $1,927,739,000 after purchasing an additional 178,100 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of UnitedHealth Group by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,893,662 shares of the healthcare conglomerate’s stock valued at $1,525,698,000 after acquiring an additional 99,425 shares during the last quarter. Finally, Veritas Asset Management LLP increased its position in shares of UnitedHealth Group by 1.6% during the third quarter. Veritas Asset Management LLP now owns 2,673,555 shares of the healthcare conglomerate’s stock valued at $833,534,000 after acquiring an additional 42,911 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

A number of equities research analysts have weighed in on UNH shares. Truist lifted their price target on shares of UnitedHealth Group from $400.00 to $420.00 in a research report on Tuesday, January 5th. Argus cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of UnitedHealth Group from $359.00 to $404.00 and gave the company a “buy” rating in a research report on Thursday, January 7th. Raymond James lifted their price target on shares of UnitedHealth Group from $355.00 to $405.00 and gave the company a “strong-buy” rating in a research report on Wednesday, December 2nd. Finally, Credit Suisse Group lifted their price target on shares of UnitedHealth Group from $355.00 to $395.00 and gave the company an “average” rating in a research report on Thursday, November 5th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $383.50.

UnitedHealth Group stock traded down $2.33 during trading on Wednesday, reaching $355.04. The stock had a trading volume of 1,958,265 shares, compared to its average volume of 3,410,015. UnitedHealth Group Incorporated has a 52-week low of $187.72 and a 52-week high of $367.95. The business has a 50 day moving average price of $345.34 and a 200 day moving average price of $322.90. The company has a quick ratio of 0.84, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. The stock has a market cap of $336.87 billion, a PE ratio of 20.39, a P/E/G ratio of 1.53 and a beta of 0.68.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.53. UnitedHealth Group had a net margin of 6.62% and a return on equity of 27.53%. The company had revenue of $65.12 billion during the quarter, compared to the consensus estimate of $63.97 billion. During the same quarter in the previous year, the firm earned $3.88 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that UnitedHealth Group Incorporated will post 16.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Monday, December 7th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, December 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.41%. UnitedHealth Group’s dividend payout ratio is currently 33.09%.

In related news, EVP Marianne D. Short sold 9,993 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, January 5th. The shares were sold at an average price of $348.69, for a total value of $3,484,459.17. Also, Director Stephen J. Hemsley sold 98,579 shares of UnitedHealth Group stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $329.47, for a total transaction of $32,478,823.13. The disclosure for this sale can be found here. Insiders sold 130,253 shares of company stock valued at $43,485,730 in the last quarter. 0.80% of the stock is owned by insiders.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 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 Program, and health care programs; medical and dental benefits; and health care delivery.

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

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