Carnegie Investment Counsel Boosts Holdings in UnitedHealth Group Incorporated $UNH

Key Points

• Carnegie Investment Counsel increased its holdings in UnitedHealth Group by 8.9% during Q2, resulting in ownership of 103,305 shares valued at approximately $32.2 million.
• Analysts have mixed sentiments on UnitedHealth Group, with Bank of America raising its price target to $390 while Baird R W downgraded it to a "strong sell".
• The company declared a quarterly dividend of $2.21 per share, which translates to an annualized yield of 2.5%.

Carnegie Investment Counsel raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,305 shares of the healthcare conglomerate's stock after acquiring an additional 8,474 shares during the period. Carnegie Investment Counsel's holdings in UnitedHealth Group were worth $32,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Prentice Wealth Management LLC raised its holdings in shares of UnitedHealth Group by 4.9% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,630 shares of the healthcare conglomerate's stock worth $820,000 after acquiring an additional 122 shares in the last quarter. Strata Wealth Advisors LLC raised its holdings in shares of UnitedHealth Group by 22.8% during the 2nd quarter. Strata Wealth Advisors LLC now owns 1,115 shares of the healthcare conglomerate's stock worth $348,000 after acquiring an additional 207 shares in the last quarter. Avion Wealth raised its holdings in shares of UnitedHealth Group by 42.3% during the 2nd quarter. Avion Wealth now owns 350 shares of the healthcare conglomerate's stock worth $109,000 after acquiring an additional 104 shares in the last quarter. KPP Advisory Services LLC raised its holdings in UnitedHealth Group by 37.9% during the 2nd quarter. KPP Advisory Services LLC now owns 5,300 shares of the healthcare conglomerate's stock valued at $1,654,000 after buying an additional 1,458 shares during the period. Finally, First Citizens Bank & Trust Co. raised its holdings in UnitedHealth Group by 17.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 47,616 shares of the healthcare conglomerate's stock valued at $14,855,000 after buying an additional 7,173 shares during the period. 87.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bank of America increased their price target on UnitedHealth Group from $350.00 to $390.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Baird R W lowered UnitedHealth Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 31st. Cantor Fitzgerald restated an "overweight" rating and set a $440.00 price target on shares of UnitedHealth Group in a report on Tuesday, August 26th. Jefferies Financial Group increased 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. Finally, Sanford C. Bernstein increased their target price on UnitedHealth Group from $379.00 to $433.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Eighteen 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 stock. According to data from MarketBeat.com, UnitedHealth Group currently has an average rating of "Hold" and a consensus price target of $385.13.

UnitedHealth Group Price Performance

UNH opened at $360.48 on Friday. UnitedHealth Group Incorporated has a 12-month low of $234.60 and a 12-month high of $630.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The business's fifty day simple moving average is $337.26 and its 200-day simple moving average is $340.29. The company has a market capitalization of $326.48 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.34 and a beta of 0.47.

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 analysts' consensus estimates of $4.45 by ($0.37). UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The firm had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. During the same period in the previous year, the company posted $6.80 EPS. UnitedHealth Group's quarterly 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, equities research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently declared 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 presently 38.30%.

UnitedHealth Group Company 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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