Sawgrass Asset Management LLC Has $11.06 Million Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Sawgrass Asset Management LLC trimmed its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,119 shares of the healthcare conglomerate's stock after selling 1,100 shares during the period. UnitedHealth Group makes up approximately 1.4% of Sawgrass Asset Management LLC's holdings, making the stock its 23rd largest holding. Sawgrass Asset Management LLC's holdings in UnitedHealth Group were worth $11,061,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Palumbo Wealth Management LLC boosted its stake in UnitedHealth Group by 28.8% during the first quarter. Palumbo Wealth Management LLC now owns 7,089 shares of the healthcare conglomerate's stock worth $3,713,000 after buying an additional 1,584 shares in the last quarter. Pursue Wealth Partners LLC bought a new stake in UnitedHealth Group in the first quarter valued at about $270,000. TrueMark Investments LLC raised its position in UnitedHealth Group by 26.2% in the first quarter. TrueMark Investments LLC now owns 12,948 shares of the healthcare conglomerate's stock worth $6,782,000 after purchasing an additional 2,688 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in UnitedHealth Group by 0.7% during the first quarter. Flagship Harbor Advisors LLC now owns 7,187 shares of the healthcare conglomerate's stock valued at $3,764,000 after purchasing an additional 48 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV lifted its position in shares of UnitedHealth Group by 3.7% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 2,219 shares of the healthcare conglomerate's stock worth $1,162,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 87.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UNH. Wall Street Zen lowered UnitedHealth Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada decreased their price objective on shares of UnitedHealth Group from $525.00 to $355.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Erste Group Bank downgraded UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Oppenheimer cut their price objective on UnitedHealth Group from $600.00 to $400.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Finally, Truist Financial restated a "buy" rating and set a $360.00 target price (down previously from $580.00) on shares of UnitedHealth Group in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $427.09.

UnitedHealth Group Price Performance

UNH opened at $302.04 on Monday. The company has a fifty day moving average price of $359.15 and a two-hundred day moving average price of $461.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $273.99 billion, a PE ratio of 12.65, a P/E/G ratio of 1.42 and a beta of 0.45. UnitedHealth Group Incorporated has a 52 week low of $248.88 and a 52 week high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.09). The company had revenue of $109.58 billion during the quarter, compared to analyst estimates of $111.56 billion. UnitedHealth Group had a net margin of 5.39% and a return on equity of 26.29%. During the same period in the previous year, the company posted $6.91 EPS. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Monday, June 16th will be given a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from UnitedHealth Group's previous quarterly dividend of $2.10. The ex-dividend date of this dividend is Monday, June 16th. UnitedHealth Group's dividend payout ratio (DPR) is currently 37.02%.

Insider Activity at UnitedHealth Group

In other UnitedHealth Group news, CEO Stephen J. Hemsley acquired 86,700 shares of the business's stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $288.57 per share, for a total transaction of $25,019,019.00. Following the acquisition, the chief executive officer now directly owns 679,493 shares of the company's stock, valued at approximately $196,081,295.01. This trade represents a 14.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick Hugh Conway sold 589 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $305.00, for a total value of $179,645.00. Following the transaction, the chief executive officer now directly owns 10,398 shares of the company's stock, valued at $3,171,390. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 109,408 shares of company stock worth $31,607,768 in the last quarter. Corporate insiders own 0.28% of the company's stock.

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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