Lmcg Investments LLC Sells 34,441 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Lmcg Investments LLC significantly reduced its holdings in UnitedHealth Group by 89%, selling 34,441 shares and ending with only 4,267 shares valued at approximately $1.33 million.
• UnitedHealth Group's recent quarterly earnings report showed $4.08 earnings per share, missing analyst expectations, with revenue of $111.62 billion, a 12.9% increase from the previous year.
• The company declared a quarterly dividend of $2.21 per share on September 23rd, equating to an annual yield of 2.5% and a payout ratio of 38.30%.

Lmcg Investments LLC reduced its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 89.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,267 shares of the healthcare conglomerate's stock after selling 34,441 shares during the quarter. Lmcg Investments LLC's holdings in UnitedHealth Group were worth $1,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bayforest Capital Ltd raised its holdings in UnitedHealth Group by 685.7% during the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock valued at $29,000 after buying an additional 48 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings 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 buying an additional 50 shares during the period. IAG Wealth Partners LLC purchased a new stake in UnitedHealth Group during the 1st quarter valued at $42,000. O Brien Wealth Partners LLC raised its holdings 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 buying an additional 37 shares during the period. Finally, Kentucky Trust Co increased its stake in UnitedHealth Group by 138.5% in the first quarter. Kentucky Trust Co now owns 93 shares of the healthcare conglomerate's stock worth $49,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 87.86% of the company's stock.

UnitedHealth Group Price Performance

Shares of UNH stock opened at $354.30 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 $318.21 and its 200 day moving average is $349.25. The company has a market cap of $320.88 billion, a P/E ratio of 15.35, a PEG 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 (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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were given a dividend of $2.21 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 dividend on an annualized basis and a yield of 2.5%. UnitedHealth Group's dividend payout ratio (DPR) is presently 38.30%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. KeyCorp increased their target price on UnitedHealth Group from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday. Barclays increased their target price on UnitedHealth Group from $352.00 to $386.00 and gave the stock an "overweight" rating in a research note on Thursday. Bank of America increased their target price on UnitedHealth Group from $350.00 to $390.00 and gave the stock a "neutral" rating in a research note on Wednesday. Piper Sandler cut their price target on UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Robert W. Baird restated an "underperform" rating and set a $198.00 price target (down previously from $312.00) on shares of UnitedHealth Group in a research note on Thursday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $383.09.

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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