TB Alternative Assets Ltd. Buys Shares of 16,859 UnitedHealth Group Incorporated $UNH

Key Points

• TB Alternative Assets Ltd. acquired 16,859 shares of UnitedHealth Group, valued at approximately $5.26 million, making it the fund's 18th largest position.
• UnitedHealth reported a missed EPS estimate of $4.08 for the last quarter, below the expected $4.45, with revenue for the quarter reaching $111.62 billion.
• The latest quarterly dividend was $2.21, equating to an annualized yield of 2.5% with a payout ratio of 38.3%.

TB Alternative Assets Ltd. acquired a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,859 shares of the healthcare conglomerate's stock, valued at approximately $5,260,000. UnitedHealth Group comprises approximately 1.0% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Castleview Partners LLC boosted its stake in shares of UnitedHealth Group by 326.7% in the 2nd quarter. Castleview Partners LLC now owns 1,839 shares of the healthcare conglomerate's stock worth $574,000 after buying an additional 1,408 shares during the last quarter. Exeter Financial LLC boosted its position in UnitedHealth Group by 41.4% in the second quarter. Exeter Financial LLC now owns 645 shares of the healthcare conglomerate's stock worth $201,000 after purchasing an additional 189 shares during the last quarter. Retirement Guys Formula LLC increased its position in shares of UnitedHealth Group by 72.5% during the 2nd quarter. Retirement Guys Formula LLC now owns 9,511 shares of the healthcare conglomerate's stock valued at $2,967,000 after purchasing an additional 3,998 shares during the last quarter. Jeppson Wealth Management LLC boosted its holdings in shares of UnitedHealth Group by 7.7% in the second quarter. Jeppson Wealth Management LLC now owns 1,091 shares of the healthcare conglomerate's stock worth $340,000 after buying an additional 78 shares during the last quarter. Finally, CMT Capital Markets Trading GmbH bought a new position in UnitedHealth Group in the second quarter worth approximately $340,000. 87.86% of the stock is owned by institutional investors.

UnitedHealth Group Trading Up 1.2%

UNH opened at $351.87 on Thursday. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $630.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $298.81 and a 200 day moving average of $362.32. The firm has a market cap of $318.68 billion, a P/E ratio of 15.25, a P/E/G ratio of 2.27 and a beta of 0.45.

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). The company had revenue of $111.62 billion during 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%.UnitedHealth Group's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $6.80 EPS. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, 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. Investors of record on Monday, September 15th were given a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. UnitedHealth Group's dividend payout ratio is 38.30%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UNH shares. Wells Fargo & Company reduced their price objective on UnitedHealth Group from $306.00 to $267.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. decreased their price objective on UnitedHealth Group from $418.00 to $310.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. UBS Group reissued a "buy" rating on shares of UnitedHealth Group in a report on Thursday, July 17th. Robert W. Baird reaffirmed an "underperform" rating and set a $198.00 price target (down previously from $312.00) on shares of UnitedHealth Group in a report on Thursday, July 31st. Finally, Truist Financial raised their price objective on shares of UnitedHealth Group from $310.00 to $365.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $358.95.

About UnitedHealth Group

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.

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).

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.