Caitong International Asset Management Co. Ltd Boosts Stake in UnitedHealth Group Incorporated $UNH

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its stake in UnitedHealth Group by 227,750% during Q2, acquiring a total of 4,557 shares valued at approximately $1.42 million.
• Several analysts have upgraded their ratings for UnitedHealth Group, with Jefferies Financial Group raising its target price to $409 and Mizuho to $430, indicating a positive outlook for the stock.
• UnitedHealth Group recently announced a quarterly dividend of $2.21 per share, contributing to an annualized dividend yield of 2.5%.

Caitong International Asset Management Co. Ltd raised its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 227,750.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,557 shares of the healthcare conglomerate's stock after purchasing an additional 4,555 shares during the quarter. UnitedHealth Group accounts for 1.0% of Caitong International Asset Management Co. Ltd's holdings, making the stock its 19th largest holding. Caitong International Asset Management Co. Ltd's holdings in UnitedHealth Group were worth $1,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of 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 buying an additional 28,231 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 buying an additional 2,324 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 1,089 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of UnitedHealth Group in the first quarter valued at $181,000. Finally, New World Advisors LLC grew its stake in UnitedHealth Group by 16.8% during the 1st quarter. New World Advisors LLC now owns 515 shares of the healthcare conglomerate's stock worth $270,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group boosted their target price on UnitedHealth Group from $317.00 to $409.00 and gave the stock a "buy" rating in a research note on Friday, October 17th. Mizuho lifted their price target on UnitedHealth Group from $300.00 to $430.00 and gave the stock an "outperform" rating in a report on Thursday, October 9th. Zacks Research raised UnitedHealth Group from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. The Goldman Sachs Group started coverage on UnitedHealth Group in a research note on Tuesday, October 14th. They set a "buy" rating and a $406.00 price objective for the company. Finally, Oppenheimer lowered their price target on UnitedHealth Group from $400.00 to $325.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $385.13.

UnitedHealth Group Stock Performance

Shares of NYSE UNH opened at $360.48 on Friday. The firm's 50-day moving average price is $337.26 and its two-hundred day moving average price is $340.29. The stock has a market capitalization of $326.48 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.34 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. 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 EPS for the quarter, missing the consensus estimate of $4.45 by ($0.37). The firm had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.UnitedHealth Group's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $6.80 EPS. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, sell-side analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

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