Fifth Third Wealth Advisors LLC Increases Stock Position in UnitedHealth Group Incorporated $UNH

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in UnitedHealth Group by 5.4% in the second quarter, now owning 15,566 shares worth approximately $4.86 million.
• Several analysts have revised their target prices for UnitedHealth Group, with Barclays raising it from $352 to $386, while Piper Sandler cut it from $353 to $317.
• UnitedHealth Group announced a quarterly dividend of $2.21 per share, resulting in an annualized dividend yield of 2.5%.

Fifth Third Wealth Advisors LLC grew its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,566 shares of the healthcare conglomerate's stock after purchasing an additional 794 shares during the period. Fifth Third Wealth Advisors LLC's holdings in UnitedHealth Group were worth $4,856,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UNH. Brighton Jones LLC increased its holdings in UnitedHealth Group by 176.2% during the fourth quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock worth $22,384,000 after buying an additional 28,231 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in UnitedHealth Group by 137.1% during the fourth 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 during the last quarter. GAMMA Investing LLC increased its holdings in UnitedHealth Group by 7.4% during the first quarter. GAMMA Investing LLC now owns 15,838 shares of the healthcare conglomerate's stock worth $8,295,000 after buying an additional 1,089 shares during the last quarter. West Branch Capital LLC increased its holdings in UnitedHealth Group by 4.6% during the first quarter. West Branch Capital LLC now owns 11,689 shares of the healthcare conglomerate's stock worth $6,122,000 after buying an additional 519 shares during the last quarter. Finally, Powers Advisory Group LLC boosted its position in UnitedHealth Group by 9.8% during the first quarter. Powers Advisory Group LLC now owns 461 shares of the healthcare conglomerate's stock worth $242,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 87.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Piper Sandler cut their target price on shares of UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Barclays increased their target price on shares of UnitedHealth Group from $352.00 to $386.00 and gave the stock an "overweight" rating in a research report on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of UnitedHealth Group in a research report on Wednesday. Zacks Research upgraded shares of UnitedHealth Group from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of UnitedHealth Group from $310.00 to $425.00 and gave the company an "overweight" rating in a research report on Thursday. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $383.09.

UnitedHealth Group Trading Down 3.6%

Shares of UNH opened at $354.30 on Friday. The firm's 50 day simple moving average is $318.21 and its 200 day simple moving average is $349.25. The company has a market capitalization of $320.88 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.29 and a beta of 0.47. 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 Incorporated has a 1-year low of $234.60 and a 1-year high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced 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). The company had revenue of $111.62 billion during the quarter, compared to analysts' expectations of $111.75 billion. UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Sell-side analysts forecast 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. Investors of record on Monday, September 15th were paid a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group's dividend payout ratio (DPR) is currently 38.30%.

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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