AGP Franklin LLC Has $2.02 Million Position in UnitedHealth Group Incorporated (NYSE:UNH)

Key Points

• AGP Franklin LLC has reduced its stake in UnitedHealth Group by 36.5%, now owning 3,857 shares valued at approximately $2.02 million.
• UnitedHealth Group recently increased its quarterly dividend to $2.21 per share, representing an annualized dividend of $8.84 with a yield of 3.15%.
• Insider transactions included CEO Stephen J. Hemsley purchasing 86,700 shares valued at over $25 million, while CFO John F. Rex acquired 17,175 shares worth about $4.99 million.

AGP Franklin LLC reduced its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 36.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,857 shares of the healthcare conglomerate's stock after selling 2,215 shares during the quarter. AGP Franklin LLC's holdings in UnitedHealth Group were worth $2,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department lifted its holdings in shares of UnitedHealth Group by 1.0% in the first quarter. Citizens National Bank Trust Department now owns 17,886 shares of the healthcare conglomerate's stock valued at $9,368,000 after purchasing an additional 170 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of UnitedHealth Group by 0.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 530,103 shares of the healthcare conglomerate's stock valued at $277,641,000 after purchasing an additional 1,465 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of UnitedHealth Group in the fourth quarter valued at $515,000. Full Sail Capital LLC lifted its holdings in shares of UnitedHealth Group by 2.1% in the fourth quarter. Full Sail Capital LLC now owns 1,612 shares of the healthcare conglomerate's stock valued at $815,000 after purchasing an additional 33 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of UnitedHealth Group in the fourth quarter worth $39,413,000. 87.86% of the stock is owned by institutional investors.

UnitedHealth Group Stock Performance

Shares of NYSE UNH traded up $1.07 during mid-day trading on Monday, hitting $282.13. The company had a trading volume of 15,660,453 shares, compared to its average volume of 12,409,642. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.85. The business's 50-day simple moving average is $300.91 and its 200-day simple moving average is $422.56. UnitedHealth Group Incorporated has a 12 month low of $248.88 and a 12 month high of $630.73. The firm has a market cap of $255.93 billion, a P/E ratio of 11.81, a PEG ratio of 1.39 and a beta of 0.45.

UnitedHealth Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Monday, June 16th were paid a dividend of $2.21 per share. This is a boost from UnitedHealth Group's previous quarterly dividend of $2.10. The ex-dividend date was Monday, June 16th. This represents a $8.84 dividend on an annualized basis and a yield of 3.13%. UnitedHealth Group's dividend payout ratio (DPR) is currently 37.02%.

Wall Street Analyst Weigh In

UNH has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on shares of UnitedHealth Group from $525.00 to $355.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Oppenheimer dropped their price target on shares of UnitedHealth Group from $600.00 to $400.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Piper Sandler dropped their price target on shares of UnitedHealth Group from $552.00 to $353.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 3rd. TD Cowen downgraded shares of UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 target price on the stock. in a research report on Monday, May 19th. Finally, Raymond James Financial downgraded shares of UnitedHealth Group from a "strong-buy" rating to a "market perform" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, UnitedHealth Group currently has an average rating of "Moderate Buy" and an average target price of $392.29.

Insider Activity

In other news, Director Timothy Patrick Flynn bought 1,533 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $320.80 per share, for a total transaction of $491,786.40. Following the completion of the purchase, the director owned 6,033 shares of the company's stock, valued at approximately $1,935,386.40. The trade was a 34.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick Hugh Conway sold 589 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $305.00, for a total transaction of $179,645.00. Following the completion of the transaction, the chief executive officer owned 10,398 shares of the company's stock, valued at $3,171,390. This trade represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 109,408 shares of company stock valued at $31,607,768. 0.28% of the stock is owned by company insiders.

About UnitedHealth Group

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.