Blue Zone Wealth Advisors LLC Raises Stake in UnitedHealth Group Incorporated $UNH

Key Points

• Blue Zone Wealth Advisors LLC increased its stake in UnitedHealth Group by 89.1% in Q2, holding 24,739 shares valued at approximately $7.72 million.
• UnitedHealth Group recently declared a quarterly dividend of $2.21, representing an annualized yield of 2.5% and a payout ratio of 38.3%.
• The company's last earnings report showed a miss in EPS at $4.08 compared to the estimated $4.45, although revenue was up 12.9% year-over-year.

Blue Zone Wealth Advisors LLC lifted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 89.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,739 shares of the healthcare conglomerate's stock after buying an additional 11,657 shares during the quarter. UnitedHealth Group makes up 1.9% of Blue Zone Wealth Advisors LLC's investment portfolio, making the stock its 14th largest position. Blue Zone Wealth Advisors LLC's holdings in UnitedHealth Group were worth $7,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in UnitedHealth Group by 176.2% in the fourth quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock valued at $22,384,000 after purchasing an additional 28,231 shares during the period. Revolve Wealth Partners LLC grew its holdings in UnitedHealth Group by 137.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock valued at $2,033,000 after purchasing an additional 2,324 shares during the period. GAMMA Investing LLC grew its holdings in UnitedHealth Group by 7.4% in the first quarter. GAMMA Investing LLC now owns 15,838 shares of the healthcare conglomerate's stock valued at $8,295,000 after purchasing an additional 1,089 shares during the period. Ballew Advisors Inc purchased a new stake in UnitedHealth Group in the first quarter valued at approximately $266,000. Finally, Rockland Trust Co. grew its holdings in UnitedHealth Group by 1.5% in the first quarter. Rockland Trust Co. now owns 80,631 shares of the healthcare conglomerate's stock valued at $42,230,000 after purchasing an additional 1,189 shares during the period. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

UnitedHealth Group Trading Down 3.6%

UNH opened at $354.30 on Friday. The stock has a market capitalization of $320.88 billion, a PE ratio of 15.35, a P/E/G ratio of 2.38 and a beta of 0.47. The firm's fifty day moving average price is $318.21 and its 200 day moving average price is $350.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. UnitedHealth Group Incorporated has a 12-month low of $234.60 and a 12-month high of $630.73.

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

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were issued a $2.21 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a yield of 2.5%. UnitedHealth Group's dividend payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UNH. Bank of America lifted their price target on shares of UnitedHealth Group from $350.00 to $390.00 and gave the company a "neutral" rating in a research report on Wednesday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $440.00 price target on shares of UnitedHealth Group in a research report on Tuesday, August 26th. Morgan Stanley lifted their price target on shares of UnitedHealth Group from $325.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Zacks Research raised shares of UnitedHealth Group from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Finally, KeyCorp boosted their target price on shares of UnitedHealth Group from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $383.09.

UnitedHealth Group 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.

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