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Spear Holdings RSC Ltd Makes New Investment in UnitedHealth Group Incorporated $UNH

UnitedHealth Group logo with Medical background

Key Points

  • Spear Holdings RSC Ltd has made a new investment in UnitedHealth Group, acquiring 200,942 shares valued at approximately $62.7 million, which represents 4.6% of their portfolio.
  • UnitedHealth Group reported a quarterly EPS of $4.08, missing analysts' expectations, with a revenue of $111.62 billion, reflecting a 12.9% increase year-over-year.
  • The company declared a quarterly dividend of $2.21 per share, with an annualized dividend yield of 2.5%, and its current dividend payout ratio is 38.3%.
  • MarketBeat previews top five stocks to own in November.

Spear Holdings RSC Ltd purchased a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 200,942 shares of the healthcare conglomerate's stock, valued at approximately $62,688,000. UnitedHealth Group accounts for 4.6% of Spear Holdings RSC Ltd's portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Country Club Bank increased its stake in UnitedHealth Group by 120.6% in the second quarter. Country Club Bank now owns 18,567 shares of the healthcare conglomerate's stock valued at $5,739,000 after purchasing an additional 10,151 shares in the last quarter. Seamount Financial Group Inc. raised its position in shares of UnitedHealth Group by 4.7% during the second quarter. Seamount Financial Group Inc. now owns 818 shares of the healthcare conglomerate's stock worth $255,000 after purchasing an additional 37 shares during the period. SteelPeak Wealth LLC increased its stake in UnitedHealth Group by 68.7% during the 2nd quarter. SteelPeak Wealth LLC now owns 10,070 shares of the healthcare conglomerate's stock valued at $3,141,000 after purchasing an additional 4,101 shares in the last quarter. Drake & Associates LLC lifted its stake in shares of UnitedHealth Group by 27.9% in the second quarter. Drake & Associates LLC now owns 1,420 shares of the healthcare conglomerate's stock valued at $443,000 after buying an additional 310 shares in the last quarter. Finally, Heck Capital Advisors LLC boosted its stake in UnitedHealth Group by 27.1% during the 2nd quarter. Heck Capital Advisors LLC now owns 1,859 shares of the healthcare conglomerate's stock valued at $580,000 after purchasing an additional 396 shares during the last quarter. 87.86% of the stock is owned by institutional investors.

UnitedHealth Group Stock Down 0.3%

Shares of UnitedHealth Group stock opened at $358.95 on Tuesday. 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 $309.38 and its 200-day moving average price is $352.34. The stock has a market capitalization of $325.09 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.34 and a beta of 0.47. 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 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 business 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 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. Equities research analysts forecast 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 given a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. UnitedHealth Group's dividend payout ratio (DPR) is presently 38.30%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UNH shares. Bank of America lifted their price objective on shares of UnitedHealth Group from $290.00 to $325.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. JPMorgan Chase & Co. decreased their target price on UnitedHealth Group from $418.00 to $310.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Barclays boosted their target price on shares of UnitedHealth Group from $337.00 to $352.00 and gave the company an "overweight" rating in a research note on Thursday, September 4th. Wells Fargo & Company dropped their price objective on UnitedHealth Group from $306.00 to $267.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, Morgan Stanley boosted their price target on shares of UnitedHealth Group from $325.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $358.95.

Get Our Latest Report on UNH

UnitedHealth Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Incorporated (NYSE:UNH - Free Report).

Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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