Bogart Wealth LLC Sells 8,246 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Bogart Wealth LLC reduced its stake in UnitedHealth Group by 93.7% in the 2nd quarter, now holding just 556 shares worth $173,000 after selling 8,246 shares.
• Several institutional investors have increased their holdings in UnitedHealth Group, with Brighton Jones LLC boosting its stake by 176.2%, now owning 44,249 shares valued at $22.38 million.
• Wall Street analysts are optimistic, as 18 analysts have rated UnitedHealth Group's stock as a Buy, with a consensus target price of $385.13.

Bogart Wealth LLC decreased its stake in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 93.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556 shares of the healthcare conglomerate's stock after selling 8,246 shares during the period. Bogart Wealth LLC's holdings in UnitedHealth Group were worth $173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNH. Brighton Jones LLC boosted its stake in UnitedHealth Group by 176.2% in the 4th 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 boosted its holdings in shares of UnitedHealth Group by 137.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock valued at $2,033,000 after acquiring an additional 2,324 shares in the last quarter. GAMMA Investing LLC boosted its position in UnitedHealth Group by 7.4% during the 1st quarter. GAMMA Investing LLC now owns 15,838 shares of the healthcare conglomerate's stock worth $8,295,000 after buying an additional 1,089 shares during the period. Intact Investment Management Inc. raised its position in UnitedHealth Group by 120.0% during the 1st quarter. Intact Investment Management Inc. now owns 2,200 shares of the healthcare conglomerate's stock worth $1,152,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Live Oak Private Wealth LLC lifted its stake in shares of UnitedHealth Group by 2.1% in the first quarter. Live Oak Private Wealth LLC now owns 25,306 shares of the healthcare conglomerate's stock worth $13,254,000 after acquiring an additional 515 shares during the period. Institutional investors own 87.86% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UNH. Truist Financial raised their price objective on shares of UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Piper Sandler decreased their target price on UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Morgan Stanley raised their price objective on UnitedHealth Group from $325.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Cantor Fitzgerald restated an "overweight" rating and set a $440.00 price target on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company lifted their price objective on shares of UnitedHealth Group from $267.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, October 7th. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, UnitedHealth Group presently has a consensus rating of "Hold" and a consensus target price of $385.13.

UnitedHealth Group Price Performance

UnitedHealth Group stock opened at $364.31 on Tuesday. The stock has a market cap of $329.95 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.31 and a beta of 0.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $331.62 and a 200 day simple moving average of $341.12. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its 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). The company had revenue of $111.62 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, research analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were issued a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 15th. UnitedHealth Group's dividend payout ratio is presently 38.30%.

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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