State of New Jersey Common Pension Fund D Sells 1,525 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in UnitedHealth Group by 0.5%, selling 1,525 shares to hold a total of 309,162 shares valued at approximately $96.4 million.
• Institutional investors own 87.86% of UnitedHealth Group's stock, indicating strong interest from large financial entities.
• UnitedHealth Group recently declared a $2.21 quarterly dividend, representing an annualized yield of 2.4% and a payout ratio of 38.3%.

State of New Jersey Common Pension Fund D trimmed its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 309,162 shares of the healthcare conglomerate's stock after selling 1,525 shares during the period. State of New Jersey Common Pension Fund D's holdings in UnitedHealth Group were worth $96,449,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bayforest Capital Ltd lifted its stake in shares of UnitedHealth Group by 685.7% in the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock valued at $29,000 after purchasing an additional 48 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of UnitedHealth Group by 416.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. O Brien Wealth Partners LLC grew its holdings in shares of UnitedHealth Group by 74.0% in the 1st quarter. O Brien Wealth Partners LLC now owns 87 shares of the healthcare conglomerate's stock valued at $46,000 after acquiring an additional 37 shares in the last quarter. Nova Wealth Management Inc. grew its holdings in UnitedHealth Group by 339.1% during the first quarter. Nova Wealth Management Inc. now owns 101 shares of the healthcare conglomerate's stock worth $53,000 after purchasing an additional 78 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in UnitedHealth Group during the first quarter worth approximately $53,000. Institutional investors and hedge funds own 87.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UNH shares. UBS Group reiterated a "buy" rating on shares of UnitedHealth Group in a research report on Thursday, July 17th. Baird R W cut shares of UnitedHealth Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 31st. Wells Fargo & Company increased their price target on UnitedHealth Group from $267.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Mizuho increased their price target on UnitedHealth Group from $300.00 to $430.00 and gave the stock an "outperform" rating in a report on Thursday, October 9th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 price target on shares of UnitedHealth Group in a report on Tuesday, August 26th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $385.13.

UnitedHealth Group Price Performance

UNH stock opened at $362.78 on Friday. The stock has a market capitalization of $328.56 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.33 and a beta of 0.47. The company's 50-day moving average is $338.43 and its 200-day moving average is $338.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. UnitedHealth Group Incorporated has a 1 year low of $234.60 and a 1 year high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released 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 return on equity of 23.32% and a net margin of 5.04%.The company had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. During the same period last year, the company earned $6.80 EPS. UnitedHealth Group's revenue for the quarter was up 12.9% compared to the same quarter last year. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Equities research analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were given a $2.21 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a yield of 2.4%. UnitedHealth Group's dividend payout ratio (DPR) is presently 38.30%.

UnitedHealth Group 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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