UnitedHealth Group Incorporated $UNH Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama grew its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 17.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,949 shares of the healthcare conglomerate’s stock after acquiring an additional 54,228 shares during the quarter. Retirement Systems of Alabama’s holdings in UnitedHealth Group were worth $112,605,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UNH. Brighton Jones LLC grew its stake in shares of UnitedHealth Group by 176.2% in the fourth quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate’s stock valued at $22,384,000 after buying an additional 28,231 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 buying an additional 2,324 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in shares of UnitedHealth Group by 9.7% in the first quarter. Clear Creek Financial Management LLC now owns 1,737 shares of the healthcare conglomerate’s stock valued at $910,000 after buying an additional 153 shares in the last quarter. Arbor Trust Wealth Advisors LLC boosted its holdings in UnitedHealth Group by 6.0% in the first quarter. Arbor Trust Wealth Advisors LLC now owns 3,199 shares of the healthcare conglomerate’s stock valued at $1,675,000 after purchasing an additional 182 shares during the last quarter. Finally, Keybank National Association OH boosted its holdings in UnitedHealth Group by 5.0% in the first quarter. Keybank National Association OH now owns 207,524 shares of the healthcare conglomerate’s stock valued at $108,691,000 after purchasing an additional 9,907 shares during 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 subject of a number of analyst reports. Jefferies Financial Group increased their price target on UnitedHealth Group from $317.00 to $409.00 and gave the company a “buy” rating in a report on Friday, October 17th. Piper Sandler reduced their price target on UnitedHealth Group from $423.00 to $417.00 and set an “overweight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 price target for the company. in a report on Wednesday. The Goldman Sachs Group assumed coverage on UnitedHealth Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $406.00 price target for the company. Finally, Morgan Stanley increased their target price on UnitedHealth Group from $325.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $395.64.

UnitedHealth Group Trading Down 3.2%

NYSE:UNH opened at $356.05 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $342.00 and its two-hundred day moving average is $331.00. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. The company has a market cap of $322.47 billion, a PE ratio of 18.58, a P/E/G ratio of 2.37 and a beta of 0.47.

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

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were issued a $2.21 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a dividend yield of 2.5%. UnitedHealth Group’s dividend payout ratio (DPR) is 38.30%.

About UnitedHealth Group

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.