SteelPeak Wealth LLC Increases Position in UnitedHealth Group Incorporated (NYSE:UNH)

SteelPeak Wealth LLC raised its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 109.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,969 shares of the healthcare conglomerate's stock after acquiring an additional 3,125 shares during the quarter. SteelPeak Wealth LLC's holdings in UnitedHealth Group were worth $3,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of UnitedHealth Group in the fourth quarter worth about $26,000. Hurley Capital LLC bought a new stake in shares of UnitedHealth Group in the fourth quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of UnitedHealth Group in the fourth quarter worth about $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of UnitedHealth Group in the fourth quarter worth about $41,000. Finally, Copia Wealth Management bought a new stake in shares of UnitedHealth Group in the fourth quarter worth about $42,000. 87.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on UNH shares. Royal Bank Of Canada dropped their price target on UnitedHealth Group from $525.00 to $355.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Raymond James Financial lowered UnitedHealth Group from a "strong-buy" rating to a "market perform" rating in a research report on Wednesday, May 14th. TD Cowen lowered UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 price target for the company. in a research report on Monday, May 19th. Bank of America lowered UnitedHealth Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $560.00 to $350.00 in a research report on Wednesday, May 14th. Finally, Wall Street Zen lowered UnitedHealth Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $415.00.

UnitedHealth Group Stock Up 1.4%

NYSE:UNH traded up $4.30 during trading hours on Friday, reaching $303.81. The company's stock had a trading volume of 9,789,082 shares, compared to its average volume of 7,687,343. The company has a market capitalization of $275.60 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.45. UnitedHealth Group Incorporated has a 12 month low of $248.88 and a 12 month high of $630.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $316.42 and a two-hundred day moving average price of $442.28.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing analysts' consensus estimates of $7.29 by ($0.09). The business had revenue of $109.58 billion during the quarter, compared to the consensus estimate of $111.56 billion. UnitedHealth Group had a return on equity of 26.29% and a net margin of 5.39%. During the same period last year, the firm earned $6.91 EPS. Equities analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Monday, June 16th were given a dividend of $2.21 per share. The ex-dividend date was Monday, June 16th. This is an increase from UnitedHealth Group's previous quarterly dividend of $2.10. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.91%. UnitedHealth Group's dividend payout ratio is presently 37.02%.

Insider Buying and Selling at UnitedHealth Group

In other UnitedHealth Group news, Director Kristen Gil purchased 3,700 shares of UnitedHealth Group stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $271.17 per share, with a total value of $1,003,329.00. Following the completion of the transaction, the director owned 3,818 shares in the company, valued at approximately $1,035,327.06. This trade represents a 3,135.59% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy Patrick Flynn acquired 1,533 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were bought at an average cost of $320.80 per share, for a total transaction of $491,786.40. Following the completion of the acquisition, the director directly owned 6,033 shares of the company's stock, valued at approximately $1,935,386.40. The trade was a 34.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 109,408 shares of company stock valued at $31,607,768. Corporate insiders own 0.28% of the company's stock.

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.