Professional Financial Advisors LLC Invests $1.49 Million in UnitedHealth Group Incorporated $UNH

Professional Financial Advisors LLC purchased a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,327 shares of the healthcare conglomerate’s stock, valued at approximately $1,494,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in UnitedHealth Group by 176.2% during the 4th quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate’s stock worth $22,384,000 after acquiring an additional 28,231 shares during the last quarter. Revolve Wealth Partners LLC increased 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 during the period. Financiere des Professionnels Fonds d investissement inc. boosted its position in UnitedHealth Group by 85.1% during the 2nd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 1,501 shares of the healthcare conglomerate’s stock worth $468,000 after buying an additional 690 shares during the period. Exchange Traded Concepts LLC increased its position in UnitedHealth Group by 48.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 4,184 shares of the healthcare conglomerate’s stock valued at $1,305,000 after acquiring an additional 1,357 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in shares of UnitedHealth Group by 184.5% during the second quarter. Redhawk Wealth Advisors Inc. now owns 1,812 shares of the healthcare conglomerate’s stock worth $565,000 after purchasing an additional 1,175 shares during the period. Institutional investors own 87.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays raised their target price on UnitedHealth Group from $386.00 to $391.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. TD Cowen lifted their price objective on UnitedHealth Group from $335.00 to $338.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Royal Bank Of Canada raised their price target on shares of UnitedHealth Group from $286.00 to $408.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Zacks Research upgraded shares of UnitedHealth Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Piper Sandler cut their price target on shares of UnitedHealth Group from $423.00 to $417.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, UnitedHealth Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.75.

View Our Latest Analysis on UnitedHealth Group

UnitedHealth Group Trading Down 2.3%

NYSE:UNH opened at $331.25 on Friday. The stock has a market capitalization of $300.06 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 2.05 and a beta of 0.42. The firm has a fifty day simple moving average of $330.33 and a two-hundred day simple moving average of $322.12. 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.

UnitedHealth Group (NYSE:UNHGet Free Report) last issued its earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 EPS for the quarter, beating the consensus estimate of $2.87 by $0.05. The company 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 firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $7.15 EPS. Analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors 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 2.7%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 46.14%.

Key Headlines Impacting UnitedHealth Group

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UnitedHealth Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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