Secure Asset Management LLC Has $866,000 Stock Position in UnitedHealth Group Incorporated $UNH

Key Points

• Secure Asset Management LLC reduced its stake in UnitedHealth Group by 54.5%, selling 3,322 shares, leaving them with 2,776 shares valued at approximately $866,000.
• UnitedHealth Group reported $4.08 earnings per share for the last quarter, missing expectations of $4.45, despite a year-over-year revenue increase of 12.9%.
• The company declared a quarterly dividend of $2.21, with a total annualized dividend yield of 2.6%, indicating a healthy payout ratio of 38.30%.

Secure Asset Management LLC decreased its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 54.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,776 shares of the healthcare conglomerate's stock after selling 3,322 shares during the period. Secure Asset Management LLC's holdings in UnitedHealth Group were worth $866,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UNH. Brighton Jones LLC increased its holdings in UnitedHealth Group by 176.2% in the fourth quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock worth $22,384,000 after buying an additional 28,231 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in UnitedHealth Group by 137.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock worth $2,033,000 after buying an additional 2,324 shares during the last quarter. Two Sigma Advisers LP acquired a new position in UnitedHealth Group during the fourth quarter valued at approximately $14,063,000. First Heartland Consultants Inc. grew its holdings in UnitedHealth Group by 6.3% during the fourth quarter. First Heartland Consultants Inc. now owns 1,240 shares of the healthcare conglomerate's stock valued at $627,000 after purchasing an additional 74 shares during the last quarter. Finally, Novem Group acquired a new position in UnitedHealth Group during the fourth quarter valued at approximately $854,000. Institutional investors and hedge funds own 87.86% of the company's stock.

UnitedHealth Group Trading Up 0.6%

NYSE:UNH traded up $1.90 on Friday, hitting $336.72. 13,528,738 shares of the stock were exchanged, compared to its average volume of 13,748,202. The stock has a market capitalization of $304.96 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 2.20 and a beta of 0.45. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. 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 company's 50-day moving average price is $295.67 and its 200 day moving average price is $364.42.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 EPS for the quarter, missing analysts' consensus estimates of $4.45 by ($0.37). The company had revenue of $111.62 billion during 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%. The business's revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, equities research analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UNH shares. Royal Bank Of Canada lowered their price objective 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. Baird R W downgraded shares of UnitedHealth Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 31st. KeyCorp reduced their target price on UnitedHealth Group from $400.00 to $350.00 and set an "overweight" rating for the company in a research report 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 report on Tuesday, August 26th. Finally, Oppenheimer reduced their target price on UnitedHealth Group from $400.00 to $325.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $358.95.

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.