Principle Wealth Partners LLC Has $4.29 Million Stock Position in UnitedHealth Group Incorporated $UNH

Key Points

• Principle Wealth Partners LLC increased its position in UnitedHealth Group by 80.5%, now holding shares valued at $4.29 million after purchasing an additional 6,130 shares.
• The company's recent quarterly earnings showed $4.08 EPS, missing estimates of $4.45, with a net margin of 5.04% and revenue of $111.62 billion, up 12.9% year-over-year.
• UnitedHealth declared a quarterly dividend of $2.21 per share with a 2.4% yield, having a payout ratio of 38.30%.

Principle Wealth Partners LLC increased its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 80.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,744 shares of the healthcare conglomerate's stock after purchasing an additional 6,130 shares during the quarter. Principle Wealth Partners LLC's holdings in UnitedHealth Group were worth $4,288,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UNH. Nabity Jensen Investment Management Inc increased its position in UnitedHealth Group by 0.9% in the 1st quarter. Nabity Jensen Investment Management Inc now owns 2,760 shares of the healthcare conglomerate's stock valued at $1,446,000 after acquiring an additional 24 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in UnitedHealth Group by 8.9% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 305 shares of the healthcare conglomerate's stock valued at $160,000 after acquiring an additional 25 shares in the last quarter. HHM Wealth Advisors LLC increased its position in UnitedHealth Group by 0.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 2,947 shares of the healthcare conglomerate's stock valued at $1,544,000 after acquiring an additional 26 shares in the last quarter. Brogan Financial Inc. increased its position in UnitedHealth Group by 3.4% in the 1st quarter. Brogan Financial Inc. now owns 819 shares of the healthcare conglomerate's stock valued at $429,000 after acquiring an additional 27 shares in the last quarter. Finally, West Wealth Group LLC increased its position in UnitedHealth Group by 3.2% in the 1st quarter. West Wealth Group LLC now owns 882 shares of the healthcare conglomerate's stock valued at $462,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

UnitedHealth Group Price Performance

UNH opened at $361.29 on Thursday. 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 Incorporated has a 12 month low of $234.60 and a 12 month high of $630.73. The company has a fifty day simple moving average of $335.48 and a 200 day simple moving average of $341.42. The stock has a market cap of $327.21 billion, a P/E ratio of 15.65, a P/E/G ratio of 2.36 and a beta of 0.47.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released 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). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm had revenue of $111.62 billion during the quarter, compared to the consensus estimate of $111.75 billion. During the same quarter in the prior year, the company earned $6.80 EPS. UnitedHealth Group's quarterly revenue was up 12.9% on a year-over-year basis. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, research analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays raised their price objective on shares of UnitedHealth Group from $352.00 to $386.00 and gave the company an "overweight" rating in a research report on Thursday, October 9th. Oppenheimer reduced their target price on shares of UnitedHealth Group from $400.00 to $325.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Royal Bank Of Canada reduced their target price on shares of UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 target price on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of UnitedHealth Group in a research note on Wednesday, October 8th. Eighteen research 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 stock has an average rating of "Hold" and an average target price of $385.13.

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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