Cullen Frost Bankers Inc. Has $34 Million Stock Holdings in UnitedHealth Group Incorporated $UNH

Key Points

• Cullen Frost Bankers Inc. increased its stake in UnitedHealth Group by 4.8% to 108,986 shares, valued at approximately $34 million as of the latest SEC filing.
• UnitedHealth Group recently reported earnings of $4.08 per share, missing analysts' expectations, with revenues of $111.62 billion for the quarter, a 12.9% increase year-over-year.
• The company announced a quarterly dividend of $2.21 per share, resulting in an annualized dividend of $8.84 and a yield of 2.4%.

Cullen Frost Bankers Inc. lifted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,986 shares of the healthcare conglomerate's stock after purchasing an additional 4,955 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in UnitedHealth Group were worth $34,000,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bayforest Capital Ltd grew its holdings in shares of UnitedHealth Group by 685.7% during the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after purchasing an additional 48 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of UnitedHealth Group by 416.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock worth $32,000 after buying an additional 50 shares during the last quarter. O Brien Wealth Partners LLC lifted its position in shares of UnitedHealth Group by 74.0% during the 1st quarter. O Brien Wealth Partners LLC now owns 87 shares of the healthcare conglomerate's stock worth $46,000 after buying an additional 37 shares during the last quarter. Nova Wealth Management Inc. raised its position in UnitedHealth Group by 339.1% in the first quarter. Nova Wealth Management Inc. now owns 101 shares of the healthcare conglomerate's stock valued at $53,000 after purchasing an additional 78 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in UnitedHealth Group in the first quarter valued at about $53,000. 87.86% of the stock is owned by institutional investors and hedge funds.

UnitedHealth Group Trading Up 0.3%

Shares of UnitedHealth Group stock opened at $365.47 on Wednesday. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. 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 stock has a 50 day moving average price of $333.70 and a two-hundred day moving average price of $341.28. The stock has a market capitalization of $331.00 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.47.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted 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). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The company had revenue of $111.62 billion during the quarter, compared to the consensus estimate of $111.75 billion. During the same quarter in the prior year, the business earned $6.80 EPS. The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, equities analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The business also recently announced 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 (DPR) is currently 38.30%.

Analyst Ratings Changes

Several equities analysts have commented on UNH shares. UBS Group reiterated a "buy" rating on shares of UnitedHealth Group in a research report on Thursday, July 17th. Mizuho increased their price target on UnitedHealth Group from $300.00 to $430.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $440.00 target price on shares of UnitedHealth Group in a report on Tuesday, August 26th. Sanford C. Bernstein lifted their target price on UnitedHealth Group from $379.00 to $433.00 and gave the stock an "outperform" rating in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lifted their target price on UnitedHealth Group from $317.00 to $409.00 and gave the stock a "buy" rating in a report on Friday, October 17th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $385.13.

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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