Oakworth Capital Inc. Has $2.26 Million Holdings in UnitedHealth Group Incorporated $UNH

Key Points

• Oakworth Capital Inc. increased its stake in UnitedHealth Group by 59.3%, holding a total of $2.26 million in shares after acquiring 2,699 additional shares in the 2nd quarter.
• UnitedHealth Group's quarterly earnings showed an EPS of $4.08, which fell short of analysts' expectations of $4.45, despite a revenue of $111.62 billion that marked a 12.9% increase from the previous year.
• The company's dividend announcement included a payment of $2.21 per share, equating to an annual yield of 2.6% and a payout ratio of 38.30%.

Oakworth Capital Inc. raised its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 59.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,249 shares of the healthcare conglomerate's stock after purchasing an additional 2,699 shares during the quarter. Oakworth Capital Inc.'s holdings in UnitedHealth Group were worth $2,261,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baron Silver Stevens Financial Advisors LLC raised its holdings in UnitedHealth Group by 71.4% in the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,025 shares of the healthcare conglomerate's stock valued at $320,000 after acquiring an additional 427 shares in the last quarter. SWS Partners raised its stake in shares of UnitedHealth Group by 4.5% in the second quarter. SWS Partners now owns 4,035 shares of the healthcare conglomerate's stock valued at $1,259,000 after purchasing an additional 175 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in UnitedHealth Group by 12.0% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 18,791 shares of the healthcare conglomerate's stock valued at $5,862,000 after buying an additional 2,016 shares during the period. GC Wealth Management RIA LLC lifted its holdings in shares of UnitedHealth Group by 85.9% during the 2nd quarter. GC Wealth Management RIA LLC now owns 17,608 shares of the healthcare conglomerate's stock worth $5,493,000 after acquiring an additional 8,134 shares during the period. Finally, Enclave Advisors LLC increased its stake in UnitedHealth Group by 5.5% in the second quarter. Enclave Advisors LLC now owns 3,299 shares of the healthcare conglomerate's stock valued at $1,029,000 after acquiring an additional 171 shares during the period. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Stock Down 0.4%

NYSE UNH opened at $344.15 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. The stock has a market capitalization of $311.69 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 2.24 and a beta of 0.44. The stock has a fifty day moving average of $301.20 and a 200-day moving average of $358.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 EPS for the quarter, missing analysts' consensus estimates of $4.45 by ($0.37). The firm had revenue of $111.62 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, equities research analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th were issued a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group's payout ratio is currently 38.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UNH shares. JPMorgan Chase & Co. decreased their price objective on UnitedHealth Group from $418.00 to $310.00 and set an "overweight" rating on the stock in a report on Wednesday, August 6th. KeyCorp dropped their price objective on UnitedHealth Group from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Robert W. Baird reaffirmed an "underperform" rating and issued a $198.00 target price (down previously from $312.00) on shares of UnitedHealth Group in a report on Thursday, July 31st. Bank of America boosted their price target on shares of UnitedHealth Group from $290.00 to $325.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Finally, Baird R W cut shares of UnitedHealth Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 31st. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, UnitedHealth Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $358.95.

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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