Cullen Investment Group LTD. Purchases 4,807 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Cullen Investment Group LTD. increased its holdings in UnitedHealth Group by 45.5%, owning a total of 15,376 shares worth approximately $4,797,000 after acquiring 4,807 additional shares in the second quarter.
• Despite a revenue increase of 12.9% year-over-year, UnitedHealth Group reported earnings per share of $4.08 for the last quarter, missing analysts' consensus estimates of $4.45.
• UnitedHealth Group declared a quarterly dividend of $2.21 per share, resulting in an annualized yield of 2.5%, with a dividend payout ratio of 38.30%.

Cullen Investment Group LTD. grew its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 45.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,376 shares of the healthcare conglomerate's stock after acquiring an additional 4,807 shares during the quarter. Cullen Investment Group LTD.'s holdings in UnitedHealth Group were worth $4,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in UnitedHealth Group by 176.2% during the 4th 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 during the period. Revolve Wealth Partners LLC raised its holdings in 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 buying an additional 2,324 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in UnitedHealth Group during the 4th quarter valued at $1,973,000. Redwood Investment Management LLC raised its holdings in UnitedHealth Group by 73.1% during the 4th quarter. Redwood Investment Management LLC now owns 1,376 shares of the healthcare conglomerate's stock valued at $696,000 after buying an additional 581 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its holdings in UnitedHealth Group by 47.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 38,796 shares of the healthcare conglomerate's stock valued at $19,625,000 after buying an additional 12,550 shares during the period. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Price Performance

Shares of UNH stock opened at $352.61 on Friday. UnitedHealth Group Incorporated has a 1-year low of $234.60 and a 1-year high of $630.73. The stock's 50-day moving average is $291.98 and its 200 day moving average is $369.67. The company has a market cap of $319.35 billion, a P/E ratio of 15.28, a PEG ratio of 2.31 and a beta of 0.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $111.75 billion. During the same period in the previous year, the business earned $6.80 EPS. UnitedHealth Group'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. Research analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th will be issued a $2.21 dividend. This represents a $8.84 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 15th. UnitedHealth Group's dividend payout ratio (DPR) is currently 38.30%.

Wall Street Analysts Forecast Growth

UNH has been the topic of a number of recent analyst reports. HSBC reiterated a "reduce" rating and issued a $270.00 target price (down previously from $490.00) on shares of UnitedHealth Group in a research note on Wednesday, May 21st. UBS Group reiterated a "buy" rating on shares of UnitedHealth Group in a research note on Thursday, July 17th. Wells Fargo & Company reduced their target price on UnitedHealth Group from $306.00 to $267.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Morgan Stanley increased their price target on UnitedHealth Group from $325.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Royal Bank Of Canada dropped their price target on UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, UnitedHealth Group presently has an average rating of "Moderate Buy" and an average price target of $358.95.

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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