Nisa Investment Advisors LLC Raises Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Nisa Investment Advisors LLC boosted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 268,011 shares of the healthcare conglomerate's stock after purchasing an additional 3,541 shares during the quarter. UnitedHealth Group comprises 0.7% of Nisa Investment Advisors LLC's holdings, making the stock its 16th biggest position. Nisa Investment Advisors LLC's holdings in UnitedHealth Group were worth $140,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. Marshall & Sterling Wealth Advisors Inc. bought a new stake in UnitedHealth Group during the 4th quarter worth approximately $26,000. Hurley Capital LLC bought a new stake in UnitedHealth Group during the 4th quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of UnitedHealth Group during the fourth quarter worth about $30,000. IAG Wealth Partners LLC acquired a new stake in UnitedHealth Group in the 1st quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in UnitedHealth Group during the 4th quarter worth approximately $41,000. 87.86% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Kristen Gil bought 3,700 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of $271.17 per share, with a total value of $1,003,329.00. Following the completion of the transaction, the director directly owned 3,818 shares in the company, valued at approximately $1,035,327.06. This represents a 3,135.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy Patrick Flynn bought 1,533 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average cost of $320.80 per share, for a total transaction of $491,786.40. Following the transaction, the director owned 6,033 shares of the company's stock, valued at $1,935,386.40. The trade was a 34.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 109,408 shares of company stock valued at $31,607,768. Corporate insiders own 0.28% of the company's stock.

UnitedHealth Group Trading Down 1.8%

Shares of UNH stock traded down $5.62 during mid-day trading on Wednesday, reaching $302.08. 12,778,535 shares of the stock traded hands, compared to its average volume of 7,611,336. The company has a market cap of $274.03 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.45 and a beta of 0.45. The stock's fifty day simple moving average is $320.63 and its two-hundred day simple moving average is $444.69. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.71. UnitedHealth Group Incorporated has a 1-year low of $248.88 and a 1-year high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.09). The company had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. UnitedHealth Group had a return on equity of 26.29% and a net margin of 5.39%. During the same period in the prior year, the company earned $6.91 earnings per share. On average, research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Monday, June 16th were issued a dividend of $2.21 per share. This is an increase from UnitedHealth Group's previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Monday, June 16th. This represents a $8.84 annualized dividend and a dividend yield of 2.93%. UnitedHealth Group's payout ratio is currently 37.02%.

Analyst Ratings Changes

A number of research analysts recently weighed in on UNH shares. Baird R W downgraded shares of UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. TD Cowen lowered UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 target price on the stock. in a report on Monday, May 19th. Erste Group Bank cut UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Oppenheimer cut their price objective on UnitedHealth Group from $600.00 to $400.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Finally, Truist Financial reissued a "buy" rating and issued a $360.00 price objective (down previously from $580.00) on shares of UnitedHealth Group in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $415.00.

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.