First Command Bank Buys 81 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Posted by Defense World Staff on Mar 31st, 2023

First Command Bank boosted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,108 shares of the healthcare conglomerate’s stock after purchasing an additional 81 shares during the quarter. First Command Bank’s holdings in UnitedHealth Group were worth $587,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in UnitedHealth Group by 17.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 36,853,394 shares of the healthcare conglomerate’s stock valued at $18,929,009,000 after acquiring an additional 5,556,335 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in UnitedHealth Group by 1,682.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,691,542 shares of the healthcare conglomerate’s stock valued at $1,372,606,000 after acquiring an additional 2,540,538 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in UnitedHealth Group by 214.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,648,123 shares of the healthcare conglomerate’s stock valued at $832,368,000 after acquiring an additional 1,123,340 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in UnitedHealth Group in the 3rd quarter valued at approximately $537,996,000. Finally, Jennison Associates LLC raised its holdings in shares of UnitedHealth Group by 28.3% in the 3rd quarter. Jennison Associates LLC now owns 4,752,598 shares of the healthcare conglomerate’s stock worth $2,400,252,000 after buying an additional 1,047,892 shares in the last quarter. Institutional investors own 86.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UNH shares. Stephens reissued an “overweight” rating and issued a $605.00 target price on shares of UnitedHealth Group in a report on Tuesday, February 28th. Credit Suisse Group increased their target price on UnitedHealth Group from $590.00 to $610.00 and gave the stock an “outperform” rating in a report on Wednesday, December 7th. StockNews.com raised UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. UBS Group dropped their price target on UnitedHealth Group from $590.00 to $550.00 and set a “neutral” rating for the company in a report on Wednesday, January 18th. Finally, Loop Capital raised their price target on UnitedHealth Group from $575.00 to $590.00 in a report on Tuesday, January 17th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and an average target price of $601.61.

UnitedHealth Group Stock Up 0.7 %

NYSE:UNH opened at $470.06 on Friday. UnitedHealth Group Incorporated has a 12-month low of $449.70 and a 12-month high of $558.10. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $438.50 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.33 and a beta of 0.69. The stock’s fifty day simple moving average is $480.85 and its 200-day simple moving average is $507.86.

UnitedHealth Group (NYSE:UNH – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The healthcare conglomerate reported $5.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.17. The business had revenue of $82.79 billion for the quarter, compared to analyst estimates of $82.53 billion. UnitedHealth Group had a return on equity of 27.04% and a net margin of 6.21%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $4.48 EPS. Equities research analysts expect that UnitedHealth Group Incorporated will post 24.91 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Monday, March 13th were paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, March 10th. UnitedHealth Group’s payout ratio is presently 31.15%.

UnitedHealth Group Profile

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UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.