Empirical Asset Management LLC Acquires 1,176 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Empirical Asset Management LLC increased its holdings in UnitedHealth Group by 93.3% in Q2, now owning a total of 2,436 shares valued at $760,000.
• Wall Street analysts have issued mixed reviews on UnitedHealth Group, with target prices ranging from $286 to $433 and a consensus rating of "Hold."
• UnitedHealth Group recently declared a quarterly dividend of $2.21 per share, reflecting an annualized yield of 2.5%.

Empirical Asset Management LLC grew its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 93.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,436 shares of the healthcare conglomerate's stock after buying an additional 1,176 shares during the period. Empirical Asset Management LLC's holdings in UnitedHealth Group were worth $760,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNH. Bayforest Capital Ltd boosted 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 buying an additional 48 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in UnitedHealth Group by 416.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Kentucky Trust Co lifted its stake in UnitedHealth Group by 53.8% during the 2nd quarter. Kentucky Trust Co now owns 143 shares of the healthcare conglomerate's stock valued at $45,000 after acquiring an additional 50 shares in the last quarter. O Brien Wealth Partners LLC lifted its stake in UnitedHealth Group by 74.0% during the 1st quarter. O Brien Wealth Partners LLC now owns 87 shares of the healthcare conglomerate's stock valued at $46,000 after acquiring an additional 37 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in shares of UnitedHealth Group during the 1st quarter valued at $53,000. 87.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UNH. Mizuho raised their target price on UnitedHealth Group from $300.00 to $430.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Sanford C. Bernstein raised their target price on UnitedHealth Group from $379.00 to $433.00 and gave the company an "outperform" rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of UnitedHealth Group in a research report on Wednesday, October 8th. Barclays lifted their price objective on UnitedHealth Group from $352.00 to $386.00 and gave the stock an "overweight" rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada decreased their price objective on UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $384.09.

UnitedHealth Group Stock Down 1.5%

Shares of NYSE UNH opened at $355.73 on Friday. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. The business has a 50-day simple moving average of $327.27 and a two-hundred day simple moving average of $346.01. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. The company has a market cap of $322.17 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.33 and a beta of 0.47.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued 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). UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.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. Research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm 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. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. UnitedHealth Group's dividend payout ratio (DPR) is 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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