Private Trust Co. NA trimmed its stake in UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,273 shares of the healthcare conglomerate’s stock after selling 432 shares during the quarter. UnitedHealth Group makes up 0.7% of Private Trust Co. NA’s holdings, making the stock its 22nd biggest position. Private Trust Co. NA’s holdings in UnitedHealth Group were worth $5,328,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC increased its holdings in UnitedHealth Group by 4.8% during the 3rd quarter. MFA Wealth Advisors LLC now owns 414 shares of the healthcare conglomerate’s stock worth $209,000 after acquiring an additional 19 shares during the period. Formidable Asset Management LLC increased its holdings in UnitedHealth Group by 1.5% during the 3rd quarter. Formidable Asset Management LLC now owns 1,366 shares of the healthcare conglomerate’s stock worth $741,000 after acquiring an additional 20 shares during the period. McElhenny Sheffield Capital Management LLC increased its holdings in UnitedHealth Group by 1.6% during the 4th quarter. McElhenny Sheffield Capital Management LLC now owns 1,317 shares of the healthcare conglomerate’s stock worth $698,000 after acquiring an additional 21 shares during the period. First Bank & Trust grew its stake in UnitedHealth Group by 1.9% in the 4th quarter. First Bank & Trust now owns 1,115 shares of the healthcare conglomerate’s stock worth $591,000 after buying an additional 21 shares in the last quarter. Finally, Triumph Capital Management grew its stake in UnitedHealth Group by 3.5% in the 4th quarter. Triumph Capital Management now owns 616 shares of the healthcare conglomerate’s stock worth $327,000 after buying an additional 21 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.
UnitedHealth Group Stock Up 0.5 %
Shares of NYSE UNH opened at $479.19 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.71. UnitedHealth Group Incorporated has a 12 month low of $445.68 and a 12 month high of $558.10. The firm has a market capitalization of $446.14 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.68. The firm has a fifty day simple moving average of $485.88 and a two-hundred day simple moving average of $493.04.
UnitedHealth Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 27th. Investors of record on Monday, June 19th will be given a dividend of $1.88 per share. This represents a $7.52 annualized dividend and a yield of 1.57%. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.65. The ex-dividend date is Thursday, June 15th. UnitedHealth Group’s dividend payout ratio is 34.39%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of UnitedHealth Group from $627.00 to $564.00 in a research note on Friday, June 16th. StockNews.com cut shares of UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Piper Sandler initiated coverage on shares of UnitedHealth Group in a research note on Thursday, May 25th. They issued an “overweight” rating and a $580.00 price objective for the company. Raymond James reaffirmed a “strong-buy” rating and issued a $630.00 price objective on shares of UnitedHealth Group in a research note on Friday, April 14th. Finally, SVB Securities cut their price objective on shares of UnitedHealth Group from $625.00 to $560.00 in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $592.68.
Insider Activity at UnitedHealth Group
In related news, EVP Erin Mcsweeney sold 1,008 shares of the stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $484.58, for a total transaction of $488,456.64. Following the sale, the executive vice president now directly owns 10,359 shares of the company’s stock, valued at approximately $5,019,764.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Erin Mcsweeney sold 1,008 shares of the firm’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $484.58, for a total transaction of $488,456.64. Following the sale, the executive vice president now owns 10,359 shares of the company’s stock, valued at approximately $5,019,764.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Witty sold 6,160 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $487.49, for a total transaction of $3,002,938.40. Following the sale, the chief executive officer now directly owns 86,564 shares in the company, valued at approximately $42,199,084.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,852 shares of company stock valued at $4,313,962. 0.35% of the stock is owned by insiders.
About UnitedHealth Group
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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.
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