Trek Financial LLC Boosts Position in UnitedHealth Group Incorporated (NYSE:UNH)

Trek Financial LLC increased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 222.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,644 shares of the healthcare conglomerate's stock after buying an additional 1,825 shares during the quarter. Trek Financial LLC's holdings in UnitedHealth Group were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc. bought a new position in UnitedHealth Group during the fourth quarter valued at about $26,000. Hurley Capital LLC acquired a new position in UnitedHealth Group during the fourth quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in UnitedHealth Group during the fourth quarter valued at approximately $30,000. Kapitalo Investimentos Ltda bought a new stake in UnitedHealth Group during the fourth quarter valued at about $41,000. Finally, Copia Wealth Management bought a new stake in UnitedHealth Group during the fourth quarter valued at about $42,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Stephen J. Hemsley bought 86,700 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average cost of $288.57 per share, with a total value of $25,019,019.00. Following the transaction, the chief executive officer directly owned 679,493 shares of the company's stock, valued at approximately $196,081,295.01. This represents a 14.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristen Gil bought 3,700 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average price of $271.17 per share, for a total transaction of $1,003,329.00. Following the completion of the acquisition, the director owned 3,818 shares in the company, valued at $1,035,327.06. This represents a 3,135.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 109,408 shares of company stock worth $31,607,768. 0.28% of the stock is owned by corporate insiders.

UnitedHealth Group Price Performance

NYSE:UNH traded up $4.30 during trading hours on Friday, hitting $303.81. The company's stock had a trading volume of 9,788,117 shares, compared to its average volume of 7,670,735. The company has a market capitalization of $275.60 billion, a P/E ratio of 12.72, a PEG ratio of 1.45 and a beta of 0.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a fifty day simple moving average of $316.42 and a 200-day simple moving average of $442.28. UnitedHealth Group Incorporated has a twelve month low of $248.88 and a twelve month high of $630.73.

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 the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a net margin of 5.39% and a return on equity of 26.29%. The company had revenue of $109.58 billion during the quarter, compared to the consensus estimate of $111.56 billion. During the same period in the previous year, the company earned $6.91 EPS. On average, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Monday, June 16th were issued 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 annualized dividend and a yield of 2.91%. UnitedHealth Group's payout ratio is presently 37.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UNH. Royal Bank Of Canada dropped their price objective on shares of UnitedHealth Group from $525.00 to $355.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Wolfe Research reduced their price objective on shares of UnitedHealth Group from $501.00 to $390.00 and set an "outperform" rating for the company in a report on Tuesday, May 20th. Barclays dropped their target price on UnitedHealth Group from $350.00 to $337.00 and set an "overweight" rating for the company in a report on Wednesday. Robert W. Baird lowered shares of UnitedHealth Group from an "outperform" rating to a "neutral" rating and set a $312.00 target price on the stock. in a report on Wednesday, June 11th. Finally, Argus lowered shares of UnitedHealth Group from a "buy" rating to a "hold" rating in a report on Monday, April 21st. 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $415.00.

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.