Notis McConarty Edward Raises Stock Holdings in UnitedHealth Group Incorporated $UNH

Key Points

• Notis McConarty Edward increased its stake in UnitedHealth Group by 11.9% during Q2, owning a total of 8,837 shares valued at approximately $2.76 million.
• Several hedge funds have also adjusted their holdings in the company, with 87.86% of the stock now owned by institutional investors.
• Analysts have varied target price adjustments for UnitedHealth Group, with a consensus average price target of $372.68 and a majority rating of "Hold".

Notis McConarty Edward raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,837 shares of the healthcare conglomerate's stock after acquiring an additional 941 shares during the period. UnitedHealth Group makes up approximately 1.3% of Notis McConarty Edward's holdings, making the stock its 28th biggest holding. Notis McConarty Edward's holdings in UnitedHealth Group were worth $2,757,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Net Worth Advisory Group grew its stake in UnitedHealth Group by 0.6% during the 1st quarter. Net Worth Advisory Group now owns 3,642 shares of the healthcare conglomerate's stock worth $1,907,000 after purchasing an additional 21 shares in the last quarter. Bensler LLC boosted its position in shares of UnitedHealth Group by 0.3% during the 1st quarter. Bensler LLC now owns 6,945 shares of the healthcare conglomerate's stock worth $3,637,000 after acquiring an additional 22 shares in the last quarter. Lakeridge Wealth Management LLC boosted its position in shares of UnitedHealth Group by 5.8% during the 1st quarter. Lakeridge Wealth Management LLC now owns 420 shares of the healthcare conglomerate's stock worth $220,000 after acquiring an additional 23 shares in the last quarter. Nabity Jensen Investment Management Inc boosted its position in shares of UnitedHealth Group by 0.9% during the 1st quarter. Nabity Jensen Investment Management Inc now owns 2,760 shares of the healthcare conglomerate's stock worth $1,446,000 after acquiring an additional 24 shares in the last quarter. Finally, BigSur Wealth Management LLC boosted its position in shares of UnitedHealth Group by 0.5% during the 1st quarter. BigSur Wealth Management LLC now owns 4,743 shares of the healthcare conglomerate's stock worth $2,484,000 after acquiring an additional 25 shares in the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNH has been the subject of several analyst reports. Truist Financial upped their price objective on UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Oppenheimer decreased their target price on UnitedHealth Group from $400.00 to $325.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Piper Sandler decreased their target price 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. Morgan Stanley upped their target price on UnitedHealth Group from $325.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Finally, JPMorgan Chase & Co. decreased their target price on UnitedHealth Group from $418.00 to $310.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $372.68.

UnitedHealth Group Stock Up 1.7%

UNH opened at $369.88 on Thursday. The company has a market cap of $334.99 billion, a PE ratio of 16.03, a P/E/G ratio of 2.35 and a beta of 0.47. The business has a 50 day moving average price of $313.51 and a two-hundred day moving average price of $352.54. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.45 by ($0.37). The business had revenue of $111.62 billion for 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%.The business's quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were paid a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group's dividend payout ratio is 38.30%.

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.

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