Integrated Wealth Concepts LLC Acquires 2,917 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Integrated Wealth Concepts LLC grew its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 12.2% during the fourth quarter, Holdings Channel reports. The firm owned 26,745 shares of the healthcare conglomerate’s stock after purchasing an additional 2,917 shares during the period. Integrated Wealth Concepts LLC’s holdings in UnitedHealth Group were worth $13,529,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Howard Capital Management Group LLC purchased a new position in UnitedHealth Group in the third quarter worth $341,000. Principal Financial Group Inc. grew its position in UnitedHealth Group by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate’s stock valued at $1,039,933,000 after buying an additional 180,479 shares during the period. McIlrath & Eck LLC boosted its stake in UnitedHealth Group by 8.2% in the third quarter. McIlrath & Eck LLC now owns 635 shares of the healthcare conglomerate’s stock valued at $371,000 after acquiring an additional 48 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of UnitedHealth Group by 3.7% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,275 shares of the healthcare conglomerate’s stock worth $746,000 after purchasing an additional 46 shares during the period. Finally, Tudor Financial Inc. bought a new position in UnitedHealth Group during the third quarter valued at $900,000. 87.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on UNH. Barclays cut their price target on UnitedHealth Group from $642.00 to $560.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial lowered their price target on shares of UnitedHealth Group from $660.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday. Royal Bank of Canada lowered their target price on shares of UnitedHealth Group from $655.00 to $525.00 and set an “outperform” rating on the stock in a report on Wednesday. HSBC restated a “hold” rating and issued a $490.00 price objective on shares of UnitedHealth Group in a research report on Tuesday. Finally, Wells Fargo & Company decreased their target price on UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, UnitedHealth Group has an average rating of “Buy” and a consensus price target of $603.05.

UnitedHealth Group Stock Down 0.8 %

Shares of NYSE UNH opened at $424.70 on Friday. UnitedHealth Group Incorporated has a 12 month low of $417.12 and a 12 month high of $630.73. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $504.95 and a two-hundred day simple moving average of $536.14. The firm has a market capitalization of $388.48 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61.

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

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Monday, March 10th. UnitedHealth Group’s payout ratio is 35.18%.

UnitedHealth Group 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.