TrueMark Investments LLC Has $9.21 Million Stock Holdings in UnitedHealth Group Incorporated $UNH

Key Points

• TrueMark Investments LLC increased its holdings in UnitedHealth Group by 128.0% during the second quarter, now owning 29,515 shares valued at approximately $9.21 million.
• Analyst ratings for UnitedHealth Group have been positive, with several firms raising their target prices; KeyCorp set a new target of $400 and JPMorgan Chase & Co. raised theirs to $425.
• UnitedHealth Group's quarterly earnings report showed a net margin of 5.04% and revenue of $111.62 billion, reflecting a 12.9% year-over-year increase despite missing earnings expectations.

TrueMark Investments LLC raised its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 128.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,515 shares of the healthcare conglomerate's stock after acquiring an additional 16,567 shares during the quarter. UnitedHealth Group makes up about 2.0% of TrueMark Investments LLC's investment portfolio, making the stock its 6th largest holding. TrueMark Investments LLC's holdings in UnitedHealth Group were worth $9,208,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in UnitedHealth Group in the second quarter valued at $39,495,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in UnitedHealth Group in the second quarter valued at $1,550,000. Novare Capital Management LLC lifted its stake in shares of UnitedHealth Group by 15.5% during the 2nd quarter. Novare Capital Management LLC now owns 53,507 shares of the healthcare conglomerate's stock worth $16,693,000 after buying an additional 7,174 shares during the last quarter. Arnhold LLC lifted its stake in shares of UnitedHealth Group by 52.3% during the 2nd quarter. Arnhold LLC now owns 73,213 shares of the healthcare conglomerate's stock worth $22,840,000 after buying an additional 25,150 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of UnitedHealth Group by 9.5% during the 2nd quarter. William Blair Investment Management LLC now owns 684,141 shares of the healthcare conglomerate's stock worth $213,431,000 after buying an additional 59,120 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

Analyst Ratings Changes

UNH has been the subject of a number of research reports. KeyCorp raised their target price on shares of UnitedHealth Group from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of UnitedHealth Group from $310.00 to $425.00 and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Bank of America raised their price target on shares of UnitedHealth Group from $350.00 to $390.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Oppenheimer lowered their price target on shares of UnitedHealth Group from $400.00 to $325.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Truist Financial raised their price target on shares of UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $385.13.

UnitedHealth Group Price Performance

UNH stock opened at $356.53 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $630.73. The firm has a market cap of $322.90 billion, a P/E ratio of 15.45, a P/E/G ratio of 2.31 and a beta of 0.47. The company's 50-day moving average price is $329.38 and its two-hundred day moving average price is $343.62.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released its earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 EPS for the quarter, missing the consensus estimate of $4.45 by ($0.37). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm had revenue of $111.62 billion during the quarter, compared to the consensus estimate of $111.75 billion. During the same period in the prior year, the business earned $6.80 earnings per share. UnitedHealth Group's quarterly revenue was up 12.9% compared to the same quarter last year. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were issued a dividend of $2.21 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a dividend yield of 2.5%. UnitedHealth Group's payout ratio is 38.30%.

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.

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