CWC Advisors LLC. Makes New Investment in UnitedHealth Group Incorporated (NYSE:UNH)

CWC Advisors LLC. bought a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,843 shares of the healthcare conglomerate’s stock, valued at approximately $1,078,000. UnitedHealth Group comprises approximately 1.1% of CWC Advisors LLC.’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds have also recently modified their holdings of UNH. Webster Bank N. A. grew its holdings in shares of UnitedHealth Group by 35.6% in the first quarter. Webster Bank N. A. now owns 1,610 shares of the healthcare conglomerate’s stock valued at $796,000 after purchasing an additional 423 shares during the period. Occidental Asset Management LLC lifted its position in UnitedHealth Group by 1.7% in the first quarter. Occidental Asset Management LLC now owns 6,293 shares of the healthcare conglomerate’s stock valued at $3,113,000 after buying an additional 106 shares during the last quarter. Weaver Consulting Group lifted its position in UnitedHealth Group by 4.6% in the first quarter. Weaver Consulting Group now owns 593 shares of the healthcare conglomerate’s stock valued at $293,000 after buying an additional 26 shares during the last quarter. Reliant Investment Management LLC lifted its position in UnitedHealth Group by 2.2% in the first quarter. Reliant Investment Management LLC now owns 11,533 shares of the healthcare conglomerate’s stock valued at $5,705,000 after buying an additional 251 shares during the last quarter. Finally, Trifecta Capital Advisors LLC lifted its position in UnitedHealth Group by 4.4% in the first quarter. Trifecta Capital Advisors LLC now owns 9,942 shares of the healthcare conglomerate’s stock valued at $4,918,000 after buying an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Analysts Set New Price Targets

UNH has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Hsbc Global Res cut shares of UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. HSBC cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. KeyCorp began coverage on shares of UnitedHealth Group in a research report on Friday, October 11th. They set an “overweight” rating and a $675.00 price target on the stock. Finally, Cantor Fitzgerald increased their price target on shares of UnitedHealth Group from $591.00 to $644.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $615.53.

UnitedHealth Group Stock Performance

Shares of UNH opened at $564.56 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a market cap of $521.33 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 1.67 and a beta of 0.58. The company’s 50 day simple moving average is $583.52 and its 200-day simple moving average is $537.42. UnitedHealth Group Incorporated has a 12-month low of $436.38 and a 12-month high of $608.63.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share (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 business had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. During the same period last year, the firm posted $6.56 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that UnitedHealth Group Incorporated will post 27.61 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were paid a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, September 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 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.