CNB Bank Has $706,000 Position in UnitedHealth Group Incorporated $UNH

Key Points

• CNB Bank has reduced its holdings in UnitedHealth Group by 41.9% during Q2, now owning 2,264 shares valued at $706,000.
• The company reported an EPS of $4.08 for the most recent quarter, missing estimates, while revenue was up 12.9% year-over-year.
• UnitedHealth Group announced a quarterly dividend of $2.21 per share, equating to an annualized dividend yield of 2.4%.

CNB Bank decreased its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 41.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,264 shares of the healthcare conglomerate's stock after selling 1,631 shares during the period. CNB Bank's holdings in UnitedHealth Group were worth $706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UNH. Brighton Jones LLC grew its holdings in shares of UnitedHealth Group by 176.2% during the 4th quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock worth $22,384,000 after purchasing an additional 28,231 shares in the last quarter. Revolve Wealth Partners LLC raised 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 worth $2,033,000 after buying an additional 2,324 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 worth $8,295,000 after acquiring an additional 1,089 shares during the last quarter. Balefire LLC boosted its holdings in shares of UnitedHealth Group by 28.3% during the 1st quarter. Balefire LLC now owns 617 shares of the healthcare conglomerate's stock valued at $323,000 after acquiring an additional 136 shares in the last quarter. Finally, Tranquility Partners LLC grew its holdings in UnitedHealth Group by 2.0% during the 1st quarter. Tranquility Partners LLC now owns 8,964 shares of the healthcare conglomerate's stock worth $4,695,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

UnitedHealth Group Stock Up 0.6%

UNH stock opened at $362.78 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $328.56 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.33 and a beta of 0.47. UnitedHealth Group Incorporated has a fifty-two week low of $234.60 and a fifty-two week high of $630.73. The stock has a fifty day moving average of $338.43 and a 200-day moving average of $338.97.

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 business had revenue of $111.62 billion during the quarter, compared to the consensus estimate of $111.75 billion. UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The business's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $6.80 EPS. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, equities research analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current 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 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 of this dividend was Monday, September 15th. UnitedHealth Group's dividend payout ratio is presently 38.30%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Piper Sandler lowered their price objective 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. Baird R W lowered UnitedHealth Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 31st. Truist Financial increased their price target on UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Wells Fargo & Company lifted their price target on UnitedHealth Group from $267.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada decreased their price target on UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $385.13.

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.

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