180 Wealth Advisors LLC Lowers Position in UnitedHealth Group Incorporated (NYSE:UNH)

180 Wealth Advisors LLC reduced its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,960 shares of the healthcare conglomerate’s stock after selling 50 shares during the period. 180 Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $2,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. Axiom Financial Strategies LLC purchased a new stake in UnitedHealth Group in the first quarter worth $210,000. McGowan Group Asset Management Inc. increased its stake in shares of UnitedHealth Group by 8.9% in the first quarter. McGowan Group Asset Management Inc. now owns 744 shares of the healthcare conglomerate’s stock worth $379,000 after purchasing an additional 61 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in UnitedHealth Group by 31.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 250,196 shares of the healthcare conglomerate’s stock worth $127,592,000 after buying an additional 60,300 shares during the period. MAS Advisors LLC boosted its holdings in shares of UnitedHealth Group by 10.8% in the first quarter. MAS Advisors LLC now owns 463 shares of the healthcare conglomerate’s stock worth $241,000 after acquiring an additional 45 shares during the period. Finally, First Western Trust Bank bought a new stake in shares of UnitedHealth Group during the 1st quarter valued at $875,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

UnitedHealth Group Trading Down 0.1 %

Shares of UNH stock opened at $486.06 on Tuesday. The stock has a market capitalization of $450.24 billion, a PE ratio of 21.75, a P/E/G ratio of 1.43 and a beta of 0.66. UnitedHealth Group Incorporated has a 1-year low of $445.68 and a 1-year high of $558.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50-day moving average of $492.05 and a 200 day moving average of $486.73.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Friday, July 14th. The healthcare conglomerate reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.92 by $0.22. The company had revenue of $92.90 billion during the quarter, compared to analyst estimates of $90.97 billion. UnitedHealth Group had a net margin of 6.06% and a return on equity of 26.72%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.57 EPS. As a group, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 24.83 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, September 11th will be given a dividend of $1.88 per share. This represents a $7.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, September 8th. UnitedHealth Group’s dividend payout ratio is currently 33.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein upgraded UnitedHealth Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $595.00 to $603.00 in a research report on Tuesday, July 18th. Mizuho cut their price target on shares of UnitedHealth Group from $600.00 to $549.00 in a report on Tuesday, July 11th. HSBC started coverage on UnitedHealth Group in a research report on Wednesday, September 6th. They issued a “hold” rating and a $540.00 price objective on the stock. UBS Group raised their price target on UnitedHealth Group from $510.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, July 19th. Finally, Royal Bank of Canada decreased their price objective on shares of UnitedHealth Group from $592.00 to $572.00 and set an “outperform” rating on the stock in a research report on Monday, July 17th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $575.65.

Insider Buying and Selling at UnitedHealth Group

In related news, CEO Andrew Witty sold 4,000 shares of UnitedHealth Group stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $506.19, for a total transaction of $2,024,760.00. Following the sale, the chief executive officer now directly owns 78,573 shares in the company, valued at $39,772,866.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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.