UnitedHealth Group Incorporated $UNH Position Cut by King Wealth Management Group

King Wealth Management Group lowered its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 66.2% in the 3rd quarter, Holdings Channel reports. The fund owned 1,263 shares of the healthcare conglomerate’s stock after selling 2,478 shares during the period. King Wealth Management Group’s holdings in UnitedHealth Group were worth $436,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNH. Jacobi Capital Management LLC raised its holdings in shares of UnitedHealth Group by 16.5% during the third quarter. Jacobi Capital Management LLC now owns 7,046 shares of the healthcare conglomerate’s stock valued at $2,433,000 after buying an additional 997 shares during the last quarter. First National Bank of Omaha bought a new stake in UnitedHealth Group during the 3rd quarter valued at $1,897,000. Cora Capital Advisors LLC bought a new position in shares of UnitedHealth Group in the third quarter worth $212,000. Maridea Wealth Management LLC lifted its holdings in UnitedHealth Group by 108.8% in the third quarter. Maridea Wealth Management LLC now owns 1,487 shares of the healthcare conglomerate’s stock worth $542,000 after purchasing an additional 775 shares during the period. Finally, May Hill Capital LLC increased its stake in UnitedHealth Group by 109.0% during the 3rd quarter. May Hill Capital LLC now owns 1,463 shares of the healthcare conglomerate’s stock valued at $505,000 after buying an additional 763 shares during the period. Institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Stock Performance

Shares of UNH opened at $289.04 on Wednesday. UnitedHealth Group Incorporated has a one year low of $234.60 and a one year high of $606.36. The company has a 50-day moving average of $319.62 and a two-hundred day moving average of $324.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.79 and a quick ratio of 0.82. The stock has a market cap of $261.82 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.35 and a beta of 0.41.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, January 27th. The healthcare conglomerate reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.02. UnitedHealth Group had a net margin of 2.69% and a return on equity of 14.79%. The firm had revenue of $113.22 billion during the quarter, compared to analyst estimates of $113.38 billion. During the same quarter last year, the business posted $6.81 EPS. The company’s revenue was up 12.3% on a year-over-year basis. UnitedHealth Group has set its FY 2026 guidance at 17.750- EPS. On average, equities research analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UNH shares. Truist Financial lowered their price objective on shares of UnitedHealth Group from $410.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Barclays dropped their price objective on UnitedHealth Group from $391.00 to $327.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Mizuho lowered their target price on UnitedHealth Group from $430.00 to $350.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Evercore upgraded shares of UnitedHealth Group to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Piper Sandler reissued an “overweight” rating on shares of UnitedHealth Group in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $372.13.

UnitedHealth Group Profile

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.