Sky Investment Group LLC Purchases 937 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Sky Investment Group LLC increased its stake in UnitedHealth Group by 7.0%, owning a total of 14,324 shares worth approximately $4.47 million after acquiring an additional 937 shares.
• The firm reported earnings per share (EPS) of $4.08 in its latest quarterly results, falling short of analysts' expectations of $4.45, with revenue of $111.62 billion during the quarter.
• UnitedHealth's recently declared quarterly dividend of $2.21 will be paid to investors, representing an annualized dividend yield of 2.6%.

Sky Investment Group LLC grew its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,324 shares of the healthcare conglomerate's stock after purchasing an additional 937 shares during the period. Sky Investment Group LLC's holdings in UnitedHealth Group were worth $4,469,000 at the end of the most recent reporting period.

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

UnitedHealth Group Price Performance

UNH traded up $1.90 on Friday, reaching $336.72. The company had a trading volume of 13,528,738 shares, compared to its average volume of 13,748,202. The company has a market cap of $304.96 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 2.19 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 business has a 50 day simple moving average of $295.67 and a 200 day simple moving average of $365.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its quarterly 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). The business had revenue of $111.62 billion for the quarter, compared to analysts' expectations of $111.75 billion. UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The company's revenue was up 12.9% compared to the same quarter last year. During the same period 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, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th will be issued a $2.21 dividend. The ex-dividend date is Monday, September 15th. This represents a $8.84 annualized dividend and a dividend yield of 2.6%. UnitedHealth Group's dividend payout ratio (DPR) is currently 38.30%.

Analysts Set New Price Targets

UNH has been the subject of a number of research reports. Barclays increased their target price on shares of UnitedHealth Group from $337.00 to $352.00 and gave the stock an "overweight" rating in a research report on Thursday, September 4th. Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 target price on shares of UnitedHealth Group in a research report on Tuesday, August 26th. Morgan Stanley increased their price target on shares of UnitedHealth Group from $325.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Wall Street Zen downgraded shares of UnitedHealth Group from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Baird R W downgraded shares of UnitedHealth Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 31st. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $358.95.

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.