First Command Financial Services Inc. Has $507,000 Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

Posted by Defense World Staff on Jun 26th, 2023

First Command Financial Services Inc. reduced its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,073 shares of the healthcare conglomerate’s stock after selling 35 shares during the quarter. First Command Financial Services Inc.’s holdings in UnitedHealth Group were worth $507,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Chelsea Counsel Co. bought a new stake in shares of UnitedHealth Group in the 4th quarter worth about $27,000. Freedom Wealth Alliance LLC bought a new stake in UnitedHealth Group during the 4th quarter worth about $31,000. Legend Financial Advisors Inc. bought a new stake in UnitedHealth Group during the 3rd quarter worth about $37,000. Investors Research Corp grew its holdings in UnitedHealth Group by 51.1% during the 4th quarter. Investors Research Corp now owns 71 shares of the healthcare conglomerate’s stock worth $38,000 after acquiring an additional 24 shares during the last quarter. Finally, Bourgeon Capital Management LLC grew its holdings in UnitedHealth Group by 192.3% during the 4th quarter. Bourgeon Capital Management LLC now owns 76 shares of the healthcare conglomerate’s stock worth $40,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. TD Cowen reduced their target price on shares of UnitedHealth Group from $596.00 to $562.00 and set an “outperform” rating on the stock in a research note on Monday, April 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $592.00 target price on shares of UnitedHealth Group in a research note on Monday, April 17th. Piper Sandler began coverage on shares of UnitedHealth Group in a research note on Thursday, May 25th. They issued an “overweight” rating and a $580.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of UnitedHealth Group from $627.00 to $564.00 in a research note on Friday, June 16th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $592.68.

Insiders Place Their Bets

In other UnitedHealth Group news, EVP Erin Mcsweeney sold 1,008 shares of UnitedHealth Group stock in a transaction on Friday, April 21st. The shares were sold at an average price of $484.58, for a total transaction of $488,456.64. Following the completion of the transaction, the executive vice president now directly owns 10,359 shares of the company’s stock, valued at $5,019,764.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Andrew Witty sold 6,160 shares of UnitedHealth Group stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $487.49, for a total transaction of $3,002,938.40. Following the completion of the sale, the chief executive officer now owns 86,564 shares of the company’s stock, valued at $42,199,084.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Erin Mcsweeney sold 1,008 shares of the business’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $484.58, for a total value of $488,456.64. Following the completion of the transaction, the executive vice president now directly owns 10,359 shares of the company’s stock, valued at approximately $5,019,764.22. The disclosure for this sale can be found here. Insiders sold a total of 8,852 shares of company stock valued at $4,313,962 over the last ninety days. 0.35% of the stock is currently owned by company insiders.

UnitedHealth Group Stock Performance

Shares of UNH stock opened at $477.00 on Monday. The company has a market capitalization of $444.10 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68. UnitedHealth Group Incorporated has a 52 week low of $445.68 and a 52 week high of $558.10. The company’s 50 day moving average price is $485.19 and its two-hundred day moving average price is $491.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.81 and a current ratio of 0.81.

UnitedHealth Group (NYSE:UNH – Get Rating) last released its earnings results on Friday, April 14th. The healthcare conglomerate reported $6.26 earnings per share for the quarter, beating the consensus estimate of $6.24 by $0.02. UnitedHealth Group had a net margin of 6.16% and a return on equity of 27.05%. The business had revenue of $91.93 billion during the quarter, compared to analysts’ expectations of $89.77 billion. During the same period last year, the business earned $5.49 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. On average, analysts expect that UnitedHealth Group Incorporated will post 24.86 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Monday, June 19th will be given a dividend of $1.88 per share. This represents a $7.52 dividend on an annualized basis and a yield of 1.58%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $1.65. The ex-dividend date is Thursday, June 15th. UnitedHealth Group’s payout ratio is 34.39%.

About UnitedHealth Group

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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.