UnitedHealth Group Incorporated (NYSE:UNH) Shares Purchased by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC increased its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,913 shares of the healthcare conglomerate’s stock after acquiring an additional 497 shares during the period. Summit Place Financial Advisors LLC’s holdings in UnitedHealth Group were worth $2,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trilogy Capital Inc. acquired a new stake in shares of UnitedHealth Group in the first quarter valued at $233,000. Diversified Trust Co boosted its stake in shares of UnitedHealth Group by 2.3% in the 1st quarter. Diversified Trust Co now owns 44,775 shares of the healthcare conglomerate’s stock valued at $22,151,000 after buying an additional 1,021 shares during the period. BKM Wealth Management LLC increased its stake in shares of UnitedHealth Group by 34.7% during the first quarter. BKM Wealth Management LLC now owns 5,157 shares of the healthcare conglomerate’s stock worth $2,551,000 after buying an additional 1,328 shares during the period. Horizon Wealth Management LLC lifted its stake in UnitedHealth Group by 4.5% in the first quarter. Horizon Wealth Management LLC now owns 1,177 shares of the healthcare conglomerate’s stock worth $582,000 after acquiring an additional 51 shares during the last quarter. Finally, Little House Capital LLC increased its position in shares of UnitedHealth Group by 33.2% in the 1st quarter. Little House Capital LLC now owns 11,595 shares of the healthcare conglomerate’s stock valued at $5,736,000 after purchasing an additional 2,888 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UNH. TD Cowen boosted their target price on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Royal Bank of Canada cut their target price on UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Jefferies Financial Group upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and increased their price target for the company from $481.00 to $647.00 in a research note on Wednesday, July 17th. Barclays dropped their target price on shares of UnitedHealth Group from $604.00 to $603.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Finally, KeyCorp started coverage on UnitedHealth Group in a research report on Friday, October 11th. They set an “overweight” rating and a $675.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $615.53.

UnitedHealth Group Trading Up 0.4 %

Shares of UNH stock opened at $566.70 on Monday. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $608.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.88. The business’s fifty day moving average price is $583.52 and its 200 day moving average price is $538.58. The firm has a market capitalization of $523.30 billion, a PE ratio of 36.78, a P/E/G ratio of 1.66 and a beta of 0.58.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, topping analysts’ consensus estimates of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The firm had revenue of $100.82 billion for the quarter, compared to the consensus estimate of $99.14 billion. During the same quarter in the previous year, the firm earned $6.56 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that UnitedHealth Group Incorporated will post 27.61 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Monday, September 16th. UnitedHealth Group’s dividend payout ratio is currently 54.72%.

About UnitedHealth Group

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.