Strong Tower Advisory Services Purchases 7,824 Shares of UnitedHealth Group Incorporated $UNH

Strong Tower Advisory Services raised its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,602 shares of the healthcare conglomerate’s stock after purchasing an additional 7,824 shares during the period. UnitedHealth Group accounts for about 1.9% of Strong Tower Advisory Services’ holdings, making the stock its 17th biggest position. Strong Tower Advisory Services’ holdings in UnitedHealth Group were worth $10,221,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Enclave Advisors LLC boosted its position in shares of UnitedHealth Group by 3.6% in the third quarter. Enclave Advisors LLC now owns 3,419 shares of the healthcare conglomerate’s stock valued at $1,181,000 after acquiring an additional 120 shares during the period. Revisor Wealth Management LLC increased its holdings in shares of UnitedHealth Group by 172.3% in the third quarter. Revisor Wealth Management LLC now owns 3,439 shares of the healthcare conglomerate’s stock worth $1,265,000 after purchasing an additional 2,176 shares during the period. MJT & Associates Financial Advisory Group Inc. boosted its stake in UnitedHealth Group by 30.0% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 325 shares of the healthcare conglomerate’s stock valued at $112,000 after buying an additional 75 shares during the period. Taylor & Morgan Wealth Management LLC bought a new position in UnitedHealth Group in the 3rd quarter worth about $228,000. Finally, Tactive Advisors LLC purchased a new stake in UnitedHealth Group in the third quarter valued at approximately $281,000. Institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Trading Down 0.1%

NYSE UNH opened at $324.75 on Wednesday. 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 12-month low of $234.60 and a 12-month high of $606.36. The company has a fifty day simple moving average of $335.45 and a two-hundred day simple moving average of $318.68. The stock has a market cap of $294.17 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.12 and a beta of 0.43.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.05. The business had revenue of $113.16 billion during 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 quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $7.15 EPS. On average, analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th were paid a dividend of $2.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $8.84 dividend on an annualized basis and a yield of 2.7%. UnitedHealth Group’s payout ratio is 46.14%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UNH. Morgan Stanley upped their target price on shares of UnitedHealth Group from $325.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Sanford C. Bernstein lifted their target price on shares of UnitedHealth Group from $433.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings raised UnitedHealth Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. Barclays raised their target price on shares of UnitedHealth Group from $352.00 to $386.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Finally, UBS Group raised their price target on shares of UnitedHealth Group from $378.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Seventeen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, UnitedHealth Group has a consensus rating of “Hold” and an average target price of $385.54.

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.