AlTi Global Inc. Trims Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

AlTi Global Inc. lessened its stake in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,980 shares of the healthcare conglomerate's stock after selling 1,833 shares during the quarter. AlTi Global Inc.'s holdings in UnitedHealth Group were worth $8,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. Alaethes Wealth LLC boosted its holdings in UnitedHealth Group by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 4,647 shares of the healthcare conglomerate's stock worth $2,351,000 after purchasing an additional 33 shares during the last quarter. 1248 Management LLC bought a new position in shares of UnitedHealth Group in the 4th quarter valued at about $1,527,000. 360 Financial Inc. raised its holdings in UnitedHealth Group by 29.8% during the fourth quarter. 360 Financial Inc. now owns 1,088 shares of the healthcare conglomerate's stock worth $550,000 after acquiring an additional 250 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new position in shares of UnitedHealth Group during the 4th quarter worth approximately $319,000. Finally, Gallagher Fiduciary Advisors LLC grew its stake in shares of UnitedHealth Group by 22.2% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 876 shares of the healthcare conglomerate's stock valued at $443,000 after buying an additional 159 shares in the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Truist Financial decreased their price objective on shares of UnitedHealth Group from $660.00 to $580.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Royal Bank of Canada lowered their price target on UnitedHealth Group from $655.00 to $525.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. HSBC reissued a "hold" rating and issued a $490.00 price objective on shares of UnitedHealth Group in a research report on Tuesday, April 22nd. Mizuho increased their price target on shares of UnitedHealth Group from $600.00 to $650.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Finally, Hsbc Global Res downgraded UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, UnitedHealth Group presently has an average rating of "Moderate Buy" and a consensus target price of $596.86.

UnitedHealth Group Price Performance

Shares of UNH stock traded up $4.89 on Monday, reaching $404.81. The company had a trading volume of 8,146,436 shares, compared to its average volume of 4,625,259. The business's 50-day moving average is $495.85 and its 200 day moving average is $528.18. The stock has a market capitalization of $368.47 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. UnitedHealth Group Incorporated has a one year low of $393.11 and a one year high of $630.73. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.29 by ($0.09). The company had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. During the same quarter last year, the business earned $6.91 earnings per share. Equities research analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's dividend payout ratio is currently 35.18%.

UnitedHealth Group Company Profile

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.