Sonora Investment Management Group LLC Purchases 821 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Sonora Investment Management Group LLC increased its stake in UnitedHealth Group by 3.4% during the 2nd quarter, acquiring an additional 821 shares, bringing its total holdings to 24,898 shares valued at $7,767,000.
• Analyst ratings reflect a divided view on UnitedHealth Group, with 16 analysts rating it a Buy and price targets varying significantly from $198 to $379.
• UnitedHealth Group's recent quarterly earnings showed an EPS of $4.08, below expectations, while it also declared a quarterly dividend of $2.21 per share, resulting in an annualized dividend yield of 2.6%.

Sonora Investment Management Group LLC lifted its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 3.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 24,898 shares of the healthcare conglomerate's stock after purchasing an additional 821 shares during the period. Sonora Investment Management Group LLC's holdings in UnitedHealth Group were worth $7,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in UNH. Brighton Jones LLC increased its stake in shares of 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 purchasing an additional 28,231 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of UnitedHealth Group by 137.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock worth $2,033,000 after purchasing an additional 2,324 shares during the last quarter. Bath Savings Trust Co raised its position in shares of UnitedHealth Group by 7.3% in the 1st quarter. Bath Savings Trust Co now owns 761 shares of the healthcare conglomerate's stock worth $399,000 after purchasing an additional 52 shares during the last quarter. Retirement Wealth Solutions LLC raised its position in shares of UnitedHealth Group by 55.0% in the 1st quarter. Retirement Wealth Solutions LLC now owns 186 shares of the healthcare conglomerate's stock worth $97,000 after purchasing an additional 66 shares during the last quarter. Finally, IFG Advisors LLC purchased a new position in shares of UnitedHealth Group in the 1st quarter worth about $200,000. Institutional investors own 87.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on UNH shares. Robert W. Baird reaffirmed an "underperform" rating and issued a $198.00 price target (down previously from $312.00) on shares of UnitedHealth Group in a research report on Thursday, July 31st. Truist Financial boosted their target price on UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Wells Fargo & Company decreased their target price on UnitedHealth Group from $306.00 to $267.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Sanford C. Bernstein boosted their target price on UnitedHealth Group from $337.00 to $379.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Finally, UBS Group reissued a "buy" rating on shares of UnitedHealth Group in a research report on Thursday, July 17th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $358.95.

UnitedHealth Group Trading Down 0.4%

UnitedHealth Group stock opened at $344.15 on Friday. The business has a 50-day simple moving average of $301.20 and a two-hundred day simple moving average of $359.58. The company has a market cap of $311.69 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. 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 quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.45 by ($0.37). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The company had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. During the same quarter last year, the firm posted $6.80 earnings per share. The company's revenue was up 12.9% compared to the same quarter last year. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were issued a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group's dividend payout ratio is 38.30%.

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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