Phoenix Financial Ltd. Sells 8,463 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Phoenix Financial Ltd. reduced its stake in UnitedHealth Group by 29.9%, selling 8,463 shares and ending the quarter with 19,849 shares valued at approximately $6.19 million.
• Wall Street analysts have mixed reviews on UnitedHealth Group, with target prices ranging from $198.00 to $406.00 and an average rating of "Hold".
• UnitedHealth Group declared a quarterly dividend of $2.21 per share, yielding 2.4%, with a payout ratio of 38.30%.

Phoenix Financial Ltd. trimmed its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 29.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,849 shares of the healthcare conglomerate's stock after selling 8,463 shares during the quarter. Phoenix Financial Ltd.'s holdings in UnitedHealth Group were worth $6,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UNH. Bayforest Capital Ltd grew its position in UnitedHealth Group by 685.7% in the first quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after acquiring an additional 48 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of UnitedHealth Group by 416.7% during the first 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. Kentucky Trust Co boosted its position in shares of UnitedHealth Group by 53.8% during the second quarter. Kentucky Trust Co now owns 143 shares of the healthcare conglomerate's stock valued at $45,000 after buying an additional 50 shares during the period. O Brien Wealth Partners LLC boosted its position in shares of UnitedHealth Group by 74.0% during the first 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, Cloud Capital Management LLC purchased a new position in shares of UnitedHealth Group during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 87.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UNH shares. Robert W. Baird restated an "underperform" rating and set a $198.00 target price (down previously from $312.00) on shares of UnitedHealth Group in a research report on Thursday, July 31st. The Goldman Sachs Group began coverage on UnitedHealth Group in a report on Tuesday, October 14th. They issued a "buy" rating and a $406.00 price target for the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of UnitedHealth Group in a report on Wednesday, October 8th. Morgan Stanley boosted their price target on UnitedHealth Group from $325.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Finally, Royal Bank Of Canada lowered their price target on UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $385.13.

UnitedHealth Group Stock Performance

Shares of UNH stock opened at $364.31 on Tuesday. The business's fifty day simple moving average is $331.62 and its 200-day simple moving average is $341.12. The company has a market cap of $329.95 billion, a PE ratio of 15.78, a PEG ratio of 2.31 and a beta of 0.47. 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.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly 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 analyst estimates of $111.75 billion. UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The business's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders 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 dividend yield of 2.4%. UnitedHealth Group's dividend payout ratio is presently 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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