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

Topsail Wealth Management LLC increased its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 103.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,405 shares of the healthcare conglomerate's stock after buying an additional 1,225 shares during the quarter. Topsail Wealth Management LLC's holdings in UnitedHealth Group were worth $1,260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in UnitedHealth Group during the fourth quarter worth $26,000. Hurley Capital LLC purchased a new position in UnitedHealth Group during the fourth quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of UnitedHealth Group during the fourth quarter valued at approximately $30,000. Kapitalo Investimentos Ltda bought a new position in shares of UnitedHealth Group during the fourth quarter valued at approximately $41,000. Finally, Copia Wealth Management bought a new position in shares of UnitedHealth Group during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 87.86% of the company's stock.

Insiders Place Their Bets

In related news, CFO John F. Rex acquired 17,175 shares of the business's stock in a transaction on Friday, May 16th. The shares were bought at an average cost of $291.12 per share, with a total value of $4,999,986.00. Following the completion of the transaction, the chief financial officer directly owned 203,796 shares of the company's stock, valued at $59,329,091.52. This trade represents a 9.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy Patrick Flynn acquired 1,533 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $320.80 per share, for a total transaction of $491,786.40. Following the completion of the transaction, the director directly owned 6,033 shares of the company's stock, valued at $1,935,386.40. This trade represents a 34.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 109,408 shares of company stock worth $31,607,768. Corporate insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial reiterated a "buy" rating and issued a $360.00 price target (down previously from $580.00) on shares of UnitedHealth Group in a report on Monday, May 19th. Hsbc Global Res lowered UnitedHealth Group from a "hold" rating to a "moderate sell" rating in a report on Wednesday, May 21st. Wells Fargo & Company reiterated an "overweight" rating on shares of UnitedHealth Group in a report on Friday, June 6th. Bank of America lowered UnitedHealth Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $560.00 to $350.00 in a report on Wednesday, May 14th. Finally, Robert W. Baird lowered UnitedHealth Group from an "outperform" rating to a "neutral" rating and set a $312.00 price target for the company. in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $415.00.

UnitedHealth Group Trading Up 1.4%

Shares of UNH stock traded up $4.30 during mid-day trading on Friday, hitting $303.81. 9,789,082 shares of the company's stock were exchanged, compared to its average volume of 7,670,774. UnitedHealth Group Incorporated has a fifty-two week low of $248.88 and a fifty-two week high of $630.73. The stock has a 50-day simple moving average of $316.42 and a two-hundred day simple moving average of $442.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.71. The stock has a market cap of $275.60 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.45 and a beta of 0.45.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.09). The firm had revenue of $109.58 billion during the quarter, compared to analysts' expectations 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 business posted $6.91 earnings per share. Equities analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Monday, June 16th were given a $2.21 dividend. This is a positive change from UnitedHealth Group's previous quarterly dividend of $2.10. This represents a $8.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, June 16th. UnitedHealth Group's dividend payout ratio (DPR) is 37.02%.

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.