Mattson Financial Services LLC Boosts Position in UnitedHealth Group Incorporated $UNH

Key Points

• Mattson Financial Services LLC increased its stake in UnitedHealth Group by 15.2% during the first quarter, now holding approximately 10,403 shares valued at $5.45 million.
• In the latest analyst reports, JPMorgan Chase & Co. and Wells Fargo lowered their price targets for UnitedHealth, with JPMorgan's target dropping from $418 to $310.
• The company recently announced a quarterly dividend of $2.21, representing an annual yield of 2.5%, with the payout set to occur on September 23rd.

Mattson Financial Services LLC raised its stake in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,403 shares of the healthcare conglomerate's stock after buying an additional 1,371 shares during the quarter. UnitedHealth Group accounts for about 1.6% of Mattson Financial Services LLC's portfolio, making the stock its 10th largest position. Mattson Financial Services LLC's holdings in UnitedHealth Group were worth $5,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UNH. WBI Investments LLC acquired a new stake in shares of UnitedHealth Group during the first quarter worth about $316,000. Acadian Asset Management LLC raised its position in shares of UnitedHealth Group by 150.9% during the first quarter. Acadian Asset Management LLC now owns 148,918 shares of the healthcare conglomerate's stock worth $77,984,000 after purchasing an additional 89,560 shares during the period. Acorns Advisers LLC raised its position in shares of UnitedHealth Group by 16.9% during the first quarter. Acorns Advisers LLC now owns 547 shares of the healthcare conglomerate's stock worth $286,000 after purchasing an additional 79 shares during the period. Fortis Capital Advisors LLC raised its position in UnitedHealth Group by 59.1% in the 1st quarter. Fortis Capital Advisors LLC now owns 619 shares of the healthcare conglomerate's stock valued at $324,000 after buying an additional 230 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its position in UnitedHealth Group by 3.6% in the 1st quarter. Belpointe Asset Management LLC now owns 9,114 shares of the healthcare conglomerate's stock valued at $4,774,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

Analyst Upgrades and Downgrades

UNH has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on UnitedHealth Group from $418.00 to $310.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company decreased their price target on UnitedHealth Group from $306.00 to $267.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Robert W. Baird restated an "underperform" rating and issued a $198.00 price target (down from $312.00) on shares of UnitedHealth Group in a research note on Thursday, July 31st. TD Cowen downgraded UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 price target for the company. in a research note on Monday, May 19th. Finally, Hsbc Global Res downgraded UnitedHealth Group from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, May 21st. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $355.77.

UnitedHealth Group Stock Performance

Shares of NYSE UNH opened at $347.27 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $630.73. The stock has a 50 day moving average of $290.20 and a 200-day moving average of $371.22. The company has a market capitalization of $314.51 billion, a P/E ratio of 15.05, a P/E/G ratio of 2.27 and a beta of 0.45.

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 business had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. During the same quarter in the prior year, the firm posted $6.80 earnings per share. The business'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, equities research analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

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