Retirement Systems of Alabama Purchases 267,068 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Retirement Systems of Alabama increased its UnitedHealth Group stake by 140%, buying 267,068 shares in the third quarter to hold 457,848 shares valued at about $168.1 million.
• UnitedHealth reported quarterly earnings of $4.69 per share, beating the $4.14 consensus, and revenue of $112.72 billion, above expectations; revenue was down 0.4% year over year.
• Analyst sentiment is positive overall: 20 analysts rate the stock Buy and eight Hold, for a consensus “Moderate Buy” rating and a $463.93 price target. The company also declared a $2.32 quarterly dividend.

Retirement Systems of Alabama boosted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 140.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 457,848 shares of the healthcare conglomerate's stock after acquiring an additional 267,068 shares during the quarter. Retirement Systems of Alabama owned about 0.05% of UnitedHealth Group worth $168,067,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Clear Wave Wealth Management LLC increased its stake in shares of UnitedHealth Group by 4.1% in the third quarter. Clear Wave Wealth Management LLC now owns 1,592 shares of the healthcare conglomerate's stock worth $584,000 after acquiring an additional 62 shares during the period. Kohmann Bosshard Financial Services LLC lifted its position in UnitedHealth Group by 11.1% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 690 shares of the healthcare conglomerate's stock valued at $253,000 after purchasing an additional 69 shares during the period. Fulcrum Asset Management LLP boosted its holdings in UnitedHealth Group by 77.3% in the third quarter. Fulcrum Asset Management LLP now owns 7,578 shares of the healthcare conglomerate's stock valued at $2,841,000 after purchasing an additional 3,304 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in UnitedHealth Group by 55.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 199,606 shares of the healthcare conglomerate's stock worth $72,896,000 after purchasing an additional 71,264 shares during the period. Finally, rebel Financial LLC acquired a new stake in UnitedHealth Group during the 3rd quarter worth about $248,000. 87.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on UnitedHealth Group from $453.00 to $427.00 and set a "neutral" rating for the company in a report on Wednesday, October 14th. Stephens set a $500.00 target price on UnitedHealth Group in a report on Friday, October 16th. JPMorgan Chase & Co. lifted their price target on UnitedHealth Group from $516.00 to $524.00 and gave the company an "overweight" rating in a research report on Friday, October 16th. Royal Bank Of Canada upped their price objective on UnitedHealth Group from $478.00 to $498.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 20th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $450.00 price objective on shares of UnitedHealth Group in a research note on Thursday, October 15th. Twenty analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $463.93.

UnitedHealth Group Trading Up 0.7%

Shares of UnitedHealth Group stock opened at $396.97 on Tuesday. The firm has a 50-day simple moving average of $390.68 and a two-hundred day simple moving average of $364.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.74. UnitedHealth Group Incorporated has a fifty-two week low of $255.96 and a fifty-two week high of $461.62. The company has a market cap of $355.70 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.51.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its earnings results on Tuesday, October 13th. The healthcare conglomerate reported $4.69 EPS for the quarter, beating analysts' consensus estimates of $4.14 by $0.55. UnitedHealth Group had a return on equity of 17.95% and a net margin of 3.53%. The firm had revenue of $112.72 billion for the quarter, compared to analysts' expectations of $111.31 billion. During the same period last year, the firm earned $2.59 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. UnitedHealth Group has set its FY 2026 guidance at 20.500- EPS. As a group, equities analysts predict that UnitedHealth Group Incorporated will post 20.61 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, December 7th will be issued a $2.32 dividend. This represents a $9.28 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, December 7th. UnitedHealth Group's dividend payout ratio (DPR) is presently 53.00%.

Insider Activity at UnitedHealth Group

In other news, CEO Patrick Conway sold 1,169 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $390.00, for a total value of $455,910.00. Following the completion of the sale, the chief executive officer directly owned 15,328 shares in the company, valued at $5,977,920. The trade was a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by company insiders.

UnitedHealth Group Company Profile

UnitedHealth Group is a diversified health care company that provides health benefits and health services through two main businesses: UnitedHealthcare and Optum. UnitedHealthcare offers health insurance and related benefit plans to individuals, employers and government programs, including Medicare and Medicaid.

Optum provides services across the health care system, including care delivery, pharmacy services, pharmacy benefit management, health technology and data analytics. Its businesses serve consumers, health care providers, employers, health plans and government organizations.

Founded in 1977 as United HealthCare Corporation, the company is headquartered in Minnetonka, Minnesota.

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