California State Teachers Retirement System Has $727.64 Million Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

California State Teachers Retirement System lowered its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,438,416 shares of the healthcare conglomerate's stock after selling 41,052 shares during the quarter. UnitedHealth Group makes up approximately 0.8% of California State Teachers Retirement System's holdings, making the stock its 14th largest position. California State Teachers Retirement System owned approximately 0.16% of UnitedHealth Group worth $727,637,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC acquired a new position in UnitedHealth Group during the 3rd quarter valued at about $341,000. Principal Financial Group Inc. raised its stake in shares of UnitedHealth Group by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate's stock worth $1,039,933,000 after buying an additional 180,479 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in UnitedHealth Group by 8.2% in the 3rd quarter. McIlrath & Eck LLC now owns 635 shares of the healthcare conglomerate's stock valued at $371,000 after acquiring an additional 48 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of UnitedHealth Group by 3.7% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,275 shares of the healthcare conglomerate's stock valued at $746,000 after acquiring an additional 46 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of UnitedHealth Group in the 3rd quarter worth $900,000. 87.86% of the stock is owned by institutional investors and hedge funds.

UnitedHealth Group Stock Performance

Shares of NYSE:UNH traded up $2.31 during trading on Wednesday, reaching $411.54. The stock had a trading volume of 9,174,560 shares, compared to its average volume of 4,544,902. UnitedHealth Group Incorporated has a 52 week low of $401.28 and a 52 week high of $630.73. The stock has a fifty day simple moving average of $499.59 and a two-hundred day simple moving average of $532.08. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $374.59 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.37 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued 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 business had revenue of $109.58 billion during the quarter, compared to analyst estimates 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 posted $6.91 earnings per share. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's payout ratio is currently 35.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UNH. Royal Bank of Canada dropped their price target on UnitedHealth Group from $655.00 to $525.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Barclays cut their price target on shares of UnitedHealth Group from $642.00 to $560.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Piper Sandler cut their target price on shares of UnitedHealth Group from $605.00 to $600.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. Truist Financial lowered their target price on UnitedHealth Group from $660.00 to $580.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of UnitedHealth Group from $652.00 to $525.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three 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. According to data from MarketBeat, UnitedHealth Group presently has a consensus rating of "Buy" and a consensus target price 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.