Retirement Planning Group LLC NY Buys Shares of 778 UnitedHealth Group Incorporated $UNH

Key Points

• Retirement Planning Group LLC has acquired 778 shares of UnitedHealth Group, valued at approximately $243,000, indicating increasing interest from institutional investors in the company's stock.
• Analysts have raised their target prices for UnitedHealth Group, with estimates reaching as high as $430.00, reflecting positive sentiments regarding the company's performance and growth potential.
• UnitedHealth Group recently announced a quarterly dividend of $2.21 per share, reinforcing its commitment to returning value to shareholders, with an annualized dividend yield of 2.5%.

Retirement Planning Group LLC NY bought a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 778 shares of the healthcare conglomerate's stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citizens National Bank Trust Department increased its position in UnitedHealth Group by 1.0% during the 1st quarter. Citizens National Bank Trust Department now owns 17,886 shares of the healthcare conglomerate's stock valued at $9,368,000 after purchasing an additional 170 shares during the period. Caitlin John LLC grew its position in shares of UnitedHealth Group by 14.8% during the 1st quarter. Caitlin John LLC now owns 862 shares of the healthcare conglomerate's stock worth $451,000 after buying an additional 111 shares during the period. Triumph Capital Management acquired a new stake in shares of UnitedHealth Group during the 2nd quarter worth approximately $1,324,000. Wealth Effects LLC grew its position in shares of UnitedHealth Group by 14.4% during the 2nd quarter. Wealth Effects LLC now owns 4,688 shares of the healthcare conglomerate's stock worth $1,463,000 after buying an additional 591 shares during the period. Finally, Arlington Partners LLC acquired a new stake in shares of UnitedHealth Group during the 2nd quarter worth approximately $2,229,000. Institutional investors and hedge funds own 87.86% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of UnitedHealth Group from $267.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. Mizuho increased their target price on UnitedHealth Group from $300.00 to $430.00 and gave the stock an "outperform" rating in a report on Thursday. Morgan Stanley increased their target price on UnitedHealth Group from $325.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Truist Financial increased their target price on UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Finally, Zacks Research upgraded UnitedHealth Group from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $383.09.

UnitedHealth Group Price Performance

Shares of NYSE:UNH opened at $354.30 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The stock's fifty day simple moving average is $318.21 and its two-hundred day simple moving average is $348.08. UnitedHealth Group Incorporated has a 1-year low of $234.60 and a 1-year high of $630.73. The stock has a market cap of $320.88 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share for the quarter, missing the consensus estimate of $4.45 by ($0.37). The company had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. UnitedHealth Group's revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal 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 2.5%. The ex-dividend date was Monday, September 15th. UnitedHealth Group's 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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