UnitedHealth Group Incorporated $UNH Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 42.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,776 shares of the healthcare conglomerate’s stock after selling 65,228 shares during the quarter. Nordea Investment Management AB’s holdings in UnitedHealth Group were worth $30,313,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Allen Capital Group LLC raised its holdings in shares of UnitedHealth Group by 16.3% in the third quarter. Allen Capital Group LLC now owns 18,810 shares of the healthcare conglomerate’s stock worth $6,495,000 after acquiring an additional 2,633 shares during the last quarter. N.E.W. Advisory Services LLC raised its stake in UnitedHealth Group by 64.0% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 2,293 shares of the healthcare conglomerate’s stock valued at $792,000 after purchasing an additional 895 shares during the last quarter. S Bank Fund Management Ltd grew its holdings in shares of UnitedHealth Group by 38.8% during the third quarter. S Bank Fund Management Ltd now owns 14,077 shares of the healthcare conglomerate’s stock worth $4,861,000 after buying an additional 3,933 shares in the last quarter. New Republic Capital LLC lifted its stake in shares of UnitedHealth Group by 12.0% during the third quarter. New Republic Capital LLC now owns 1,863 shares of the healthcare conglomerate’s stock valued at $643,000 after buying an additional 199 shares during the period. Finally, Lynch Asset Management Inc. grew its stake in UnitedHealth Group by 2.1% in the 3rd quarter. Lynch Asset Management Inc. now owns 14,800 shares of the healthcare conglomerate’s stock worth $5,110,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Stock Performance

Shares of UNH stock opened at $334.55 on Thursday. The company’s fifty day simple moving average is $329.85 and its 200-day simple moving average is $321.87. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $606.36. The company has a market cap of $303.05 billion, a PE ratio of 17.46, a P/E/G ratio of 2.02 and a beta of 0.42.

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 for the quarter, compared to analyst estimates of $113.19 billion. During the same period last year, the company posted $7.15 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th were given a $2.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $8.84 annualized dividend and a yield of 2.6%. UnitedHealth Group’s dividend payout ratio (DPR) is 46.14%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UNH. Piper Sandler decreased their price objective on UnitedHealth Group from $423.00 to $417.00 and set an “overweight” rating on the stock in a report on Tuesday, October 28th. Royal Bank Of Canada lifted their price target on UnitedHealth Group from $286.00 to $408.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Weiss Ratings raised shares of UnitedHealth Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Wells Fargo & Company increased their price target on shares of UnitedHealth Group from $267.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, Leerink Partners set a $410.00 price objective on UnitedHealth Group and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $385.75.

About UnitedHealth Group

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.