Twelve Points Wealth Management LLC Purchases 1,005 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• Twelve Points Wealth Management LLC increased its position in UnitedHealth Group by 51.3%, acquiring an additional 1,005 shares during the second quarter, bringing its total holdings to 2,963 shares valued at approximately $924,000.
• UnitedHealth Group recently reported $4.08 EPS for the latest quarter, missing consensus estimates of $4.45, with a revenue of $111.62 billion, slightly below the anticipated $111.75 billion.
• The company announced a quarterly dividend of $2.21 per share, resulting in an annualized dividend of $8.84 and a yield of 2.6%.

Twelve Points Wealth Management LLC raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 51.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,963 shares of the healthcare conglomerate's stock after acquiring an additional 1,005 shares during the quarter. Twelve Points Wealth Management LLC's holdings in UnitedHealth Group were worth $924,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Eagle Global Advisors LLC boosted its position in shares of UnitedHealth Group by 32.9% in the 2nd quarter. Eagle Global Advisors LLC now owns 49,479 shares of the healthcare conglomerate's stock worth $15,436,000 after purchasing an additional 12,262 shares in the last quarter. True North Advisors LLC boosted its position in shares of UnitedHealth Group by 8.7% in the 2nd quarter. True North Advisors LLC now owns 1,728 shares of the healthcare conglomerate's stock worth $539,000 after purchasing an additional 139 shares in the last quarter. Destiny Wealth Partners LLC boosted its position in shares of UnitedHealth Group by 132.7% in the 2nd quarter. Destiny Wealth Partners LLC now owns 989 shares of the healthcare conglomerate's stock worth $309,000 after purchasing an additional 564 shares in the last quarter. Spinnaker Investment Group LLC bought a new stake in shares of UnitedHealth Group in the 2nd quarter worth approximately $220,000. Finally, New Insight Wealth Advisors purchased a new position in UnitedHealth Group in the 2nd quarter worth approximately $254,000. 87.86% of the stock is owned by institutional investors.

UnitedHealth Group Trading Down 0.4%

NYSE:UNH opened at $344.15 on Friday. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $630.73. The firm has a fifty day simple moving average of $301.20 and a 200-day simple moving average of $360.42. 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 company has a market capitalization of $311.69 billion, a P/E ratio of 14.91, a PEG ratio of 2.25 and a beta of 0.45.

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

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were given a dividend of $2.21 per share. The ex-dividend date was Monday, September 15th. This represents a $8.84 dividend on an annualized basis and a yield of 2.6%. UnitedHealth Group's payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price objective on shares of UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Barclays lifted their price objective on UnitedHealth Group from $337.00 to $352.00 and gave the stock an "overweight" rating in a research note on Thursday, September 4th. Morgan Stanley upped their target price on shares of UnitedHealth Group from $325.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Bank of America upped their target price on shares of UnitedHealth Group from $290.00 to $325.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Finally, Robert W. Baird restated an "underperform" rating and set a $198.00 target price (down from $312.00) on shares of UnitedHealth Group in a research report on Thursday, July 31st. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $358.95.

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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