KLP Kapitalforvaltning AS Acquires 10,100 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• KLP Kapitalforvaltning AS increased its stake in UnitedHealth Group by 3.2%, acquiring an additional 10,100 shares to reach a total of 326,335 shares, valued at approximately $101.8 million.
• Analysts have updated their price targets for UnitedHealth Group, with Truist Financial raising its target price from $310 to $365, while Cantor Fitzgerald set a price objective of $440.
• UnitedHealth Group recently declared a quarterly dividend of $2.21, reflecting an annualized rate of $8.84 and a dividend yield of 2.5%.

KLP Kapitalforvaltning AS raised its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,335 shares of the healthcare conglomerate's stock after acquiring an additional 10,100 shares during the period. KLP Kapitalforvaltning AS's holdings in UnitedHealth Group were worth $101,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hardy Reed LLC grew its holdings in shares of UnitedHealth Group by 41.7% in the second quarter. Hardy Reed LLC now owns 5,933 shares of the healthcare conglomerate's stock worth $1,851,000 after purchasing an additional 1,745 shares during the last quarter. Spear Holdings RSC Ltd bought a new position in shares of UnitedHealth Group in the second quarter worth approximately $62,688,000. Country Club Bank grew its holdings in shares of UnitedHealth Group by 120.6% in the second quarter. Country Club Bank now owns 18,567 shares of the healthcare conglomerate's stock worth $5,739,000 after purchasing an additional 10,151 shares during the last quarter. Seamount Financial Group Inc. grew its holdings in shares of UnitedHealth Group by 4.7% in the second quarter. Seamount Financial Group Inc. now owns 818 shares of the healthcare conglomerate's stock worth $255,000 after purchasing an additional 37 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its stake in UnitedHealth Group by 68.7% in the second quarter. SteelPeak Wealth LLC now owns 10,070 shares of the healthcare conglomerate's stock worth $3,141,000 after acquiring an additional 4,101 shares during the period. Institutional investors own 87.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UNH. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of UnitedHealth Group in a research note on Saturday, September 27th. Truist Financial raised their price target on UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Sanford C. Bernstein raised their price target on UnitedHealth Group from $337.00 to $379.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Piper Sandler lowered their price objective on UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $440.00 price objective on shares of UnitedHealth Group in a research report on Tuesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $358.95.

UnitedHealth Group Price Performance

UNH opened at $358.95 on Tuesday. The stock has a 50-day moving average price of $309.38 and a 200-day moving average price of $352.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $325.09 billion, a PE ratio of 15.55, a P/E/G ratio of 2.34 and a beta of 0.47. 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 posted its quarterly earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 23.32% and a net margin of 5.04%.UnitedHealth Group'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 firm earned $6.80 EPS. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Sell-side analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were given a $2.21 dividend. This represents a $8.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group's payout ratio is currently 38.30%.

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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