First Long Island Investors LLC Decreases Stock Holdings in UnitedHealth Group Incorporated $UNH

Key Points

• First Long Island Investors LLC has decreased its holdings in UnitedHealth Group by 1.4%, now owning 106,144 shares worth approximately $55.6 million, making it the firm's fourth largest investment.
• Several hedge funds have increased their positions in UnitedHealth Group, with Brighton Jones LLC raising its stake by 176.2% in the fourth quarter.
• UnitedHealth Group reported a Q2 earnings miss with earnings per share of $4.08, falling short of the consensus estimate of $4.45, while revenue increased 12.9% year-over-year.

First Long Island Investors LLC reduced its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,144 shares of the healthcare conglomerate's stock after selling 1,536 shares during the quarter. UnitedHealth Group makes up about 4.6% of First Long Island Investors LLC's investment portfolio, making the stock its 4th largest holding. First Long Island Investors LLC's holdings in UnitedHealth Group were worth $55,593,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UNH. Brighton Jones LLC boosted its position in shares of UnitedHealth Group by 176.2% in the fourth 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 during the period. Revolve Wealth Partners LLC boosted its position in shares of UnitedHealth Group by 137.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock worth $2,033,000 after purchasing an additional 2,324 shares during the period. Port Capital LLC boosted its position in shares of UnitedHealth Group by 1.6% in the fourth quarter. Port Capital LLC now owns 72,792 shares of the healthcare conglomerate's stock worth $36,823,000 after purchasing an additional 1,174 shares during the period. Polar Asset Management Partners Inc. bought a new position in shares of UnitedHealth Group during the fourth quarter worth $1,973,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of UnitedHealth Group during the fourth quarter worth $4,721,000. 87.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. HSBC restated a "reduce" rating and set a $270.00 target price (down previously from $490.00) on shares of UnitedHealth Group in a research report on Wednesday, May 21st. Royal Bank Of Canada dropped their target price on shares of UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. KeyCorp dropped their target price on shares of UnitedHealth Group from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Sanford C. Bernstein upped their price target on shares of UnitedHealth Group from $337.00 to $379.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Finally, Morgan Stanley decreased their price target on shares of UnitedHealth Group from $342.00 to $325.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, UnitedHealth Group has an average rating of "Moderate Buy" and a consensus target price of $355.77.

UnitedHealth Group Trading Up 2.1%

Shares of UNH opened at $353.89 on Friday. UnitedHealth Group Incorporated has a twelve month low of $234.60 and a twelve month high of $630.73. The company has a market cap of $320.51 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.27 and a beta of 0.45. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The company's fifty day simple moving average is $291.11 and its 200-day simple moving average is $370.48.

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 the consensus estimate of $4.45 by ($0.37). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm had revenue of $111.62 billion during the quarter, compared to analysts' expectations of $111.75 billion. During the same period in the prior year, the company posted $6.80 EPS. The company's revenue 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, analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

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