Caisse DE Depot ET Placement DU Quebec Has $477.77 Million Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 944,473 shares of the healthcare conglomerate's stock after selling 85,067 shares during the period. UnitedHealth Group makes up 1.0% of Caisse DE Depot ET Placement DU Quebec's portfolio, making the stock its 16th biggest position. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of UnitedHealth Group worth $477,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC boosted its holdings in shares of UnitedHealth Group by 17.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 7,957 shares of the healthcare conglomerate's stock worth $4,025,000 after buying an additional 1,193 shares during the period. Signal Advisors Wealth LLC boosted its position in shares of UnitedHealth Group by 13.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 9,115 shares of the healthcare conglomerate's stock worth $4,611,000 after buying an additional 1,051 shares during the period. Waycross Partners LLC increased its stake in UnitedHealth Group by 2.4% in the 4th quarter. Waycross Partners LLC now owns 27,794 shares of the healthcare conglomerate's stock valued at $14,060,000 after buying an additional 658 shares during the period. Czech National Bank raised its holdings in shares of UnitedHealth Group by 6.1% during the fourth quarter. Czech National Bank now owns 199,536 shares of the healthcare conglomerate's stock worth $100,937,000 after acquiring an additional 11,426 shares in the last quarter. Finally, Lmcg Investments LLC increased its position in UnitedHealth Group by 11.8% in the 4th quarter. Lmcg Investments LLC now owns 37,974 shares of the healthcare conglomerate's stock worth $19,210,000 after purchasing an additional 4,022 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Price Performance

Shares of UnitedHealth Group stock traded down $1.96 during midday trading on Friday, hitting $398.72. 11,384,114 shares of the company were exchanged, compared to its average volume of 4,602,580. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $495.85 and a 200-day simple moving average of $528.74. UnitedHealth Group Incorporated has a 52 week low of $393.31 and a 52 week high of $630.73. The firm has a market cap of $362.92 billion, a P/E ratio of 25.72, a PEG ratio of 1.37 and a beta of 0.61.

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

UnitedHealth Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group's payout ratio is presently 35.18%.

Analyst Ratings Changes

Several brokerages recently commented on UNH. Piper Sandler lowered their price target on UnitedHealth Group from $605.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. KeyCorp lowered their target price on shares of UnitedHealth Group from $650.00 to $575.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Raymond James reiterated a "strong-buy" rating and set a $540.00 price target (down previously from $635.00) on shares of UnitedHealth Group in a research note on Monday, April 21st. Barclays decreased their target price on UnitedHealth Group from $642.00 to $560.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Hsbc Global Res cut shares of UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $596.86.

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.