Rockland Trust Co. Has $26.01 Million Position in UnitedHealth Group Incorporated $UNH

Key Points

• Rockland Trust Co. has increased its holdings in UnitedHealth Group by 3.4%, now owning 83,378 shares valued at approximately $26 million.
• Several large investors, including GAMMA Investing LLC and Vanguard Group Inc., significantly increased their stakes in UnitedHealth Group during the recent quarter, reflecting strong institutional interest.
• UnitedHealth Group's stock forecast varies, with analysts setting price targets between $286.00 and $418.00, showcasing differing outlooks on its performance.

Rockland Trust Co. boosted its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,378 shares of the healthcare conglomerate's stock after acquiring an additional 2,747 shares during the quarter. UnitedHealth Group accounts for about 1.3% of Rockland Trust Co.'s investment portfolio, making the stock its 26th biggest position. Rockland Trust Co.'s holdings in UnitedHealth Group were worth $26,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UNH. GAMMA Investing LLC grew its stake in shares of UnitedHealth Group by 56,142.1% during the first quarter. GAMMA Investing LLC now owns 8,295,153 shares of the healthcare conglomerate's stock valued at $4,344,586,000 after purchasing an additional 8,280,404 shares during the last quarter. Nuveen LLC bought a new stake in shares of UnitedHealth Group during the first quarter valued at approximately $3,846,764,000. Vanguard Group Inc. grew its stake in shares of UnitedHealth Group by 6.6% during the first quarter. Vanguard Group Inc. now owns 90,729,585 shares of the healthcare conglomerate's stock valued at $47,519,620,000 after purchasing an additional 5,583,343 shares during the last quarter. Wellington Management Group LLP lifted its holdings in UnitedHealth Group by 10.6% in the first quarter. Wellington Management Group LLP now owns 25,847,940 shares of the healthcare conglomerate's stock valued at $13,537,859,000 after buying an additional 2,486,839 shares during the period. Finally, National Bank of Canada FI lifted its holdings in UnitedHealth Group by 137.8% in the first quarter. National Bank of Canada FI now owns 1,641,177 shares of the healthcare conglomerate's stock valued at $859,518,000 after buying an additional 950,928 shares during the period. Institutional investors and hedge funds own 87.86% of the company's stock.

UnitedHealth Group Stock Performance

Shares of UNH stock traded up $1.90 during midday trading on Friday, hitting $336.72. 13,528,738 shares of the company were exchanged, compared to its average volume of 13,748,202. The firm has a market capitalization of $304.96 billion, a P/E ratio of 14.59, a PEG ratio of 2.19 and a beta of 0.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. The firm's 50 day moving average price is $295.67 and its two-hundred day moving average price is $365.19. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 EPS for the quarter, missing the consensus estimate of $4.45 by ($0.37). UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The company had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. During the same period in the previous year, the firm posted $6.80 EPS. The business'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. As a group, equities research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th will be paid a $2.21 dividend. The ex-dividend date is Monday, September 15th. This represents a $8.84 annualized dividend and a yield of 2.6%. UnitedHealth Group's payout ratio is 38.30%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UNH shares. Barclays increased their price objective on shares of UnitedHealth Group from $337.00 to $352.00 and gave the company an "overweight" rating in a report on Thursday, September 4th. Wells Fargo & Company decreased their target price on shares of UnitedHealth Group from $306.00 to $267.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Wall Street Zen downgraded shares of UnitedHealth Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Truist Financial lifted their price objective on shares of UnitedHealth Group from $310.00 to $365.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Finally, Piper Sandler decreased their price objective on shares of UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $358.95.

UnitedHealth Group 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.