UnitedHealth Group Incorporated $UNH Stake Lifted by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt has significantly increased its holdings in UnitedHealth Group by 84.1%, acquiring an additional 183,000 shares during the second quarter, bringing its total ownership to 400,500 shares valued at approximately $124.88 million.
• UnitedHealth Group reported $4.08 earnings per share for the last quarter, missing analysts' expectations but still showing a 12.9% revenue increase year-over-year.
• The company announced a quarterly dividend of $2.21, indicating an annualized payout of $8.84 and a yield of 2.6%, with a payout ratio of 38.30%.

Alecta Tjanstepension Omsesidigt grew its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 84.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,500 shares of the healthcare conglomerate's stock after acquiring an additional 183,000 shares during the quarter. Alecta Tjanstepension Omsesidigt's holdings in UnitedHealth Group were worth $124,880,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Bayforest Capital Ltd lifted its holdings in shares of UnitedHealth Group by 685.7% during the first quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after purchasing an additional 48 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of UnitedHealth Group by 416.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock worth $32,000 after purchasing an additional 50 shares during the period. Copia Wealth Management acquired a new stake in UnitedHealth Group in the fourth quarter valued at $42,000. IAG Wealth Partners LLC acquired a new stake in UnitedHealth Group in the first quarter valued at $42,000. Finally, Investment Management Corp VA ADV acquired a new stake in UnitedHealth Group in the fourth quarter valued at $44,000. 87.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UNH. Hsbc Global Res cut UnitedHealth Group from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada dropped their price target on UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Wall Street Zen cut UnitedHealth Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Bank of America lifted their price target on UnitedHealth Group from $290.00 to $325.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 price objective on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $358.95.

UnitedHealth Group Stock Down 2.0%

Shares of UNH traded down $6.87 during trading on Thursday, reaching $334.74. The company's stock had a trading volume of 11,204,831 shares, compared to its average volume of 13,853,371. The company has a fifty day moving average of $295.01 and a two-hundred day moving average of $366.14. UnitedHealth Group Incorporated has a twelve month low of $234.60 and a twelve month high of $630.73. The company has a market cap of $303.16 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.23 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share for the quarter, missing analysts' consensus estimates of $4.45 by ($0.37). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm had revenue of $111.62 billion during the quarter, compared to the consensus estimate of $111.75 billion. During the same quarter last year, the firm posted $6.80 earnings per share. UnitedHealth Group's revenue was up 12.9% compared to the same quarter last year. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, sell-side analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Monday, September 15th will be paid a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 15th. UnitedHealth Group's dividend payout ratio is presently 38.30%.

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.