UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,477 shares of the healthcare conglomerate's stock after selling 1,569 shares during the quarter. Los Angeles Capital Management LLC's holdings in UnitedHealth Group were worth $8,106,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in UnitedHealth Group by 176.2% during the fourth quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock valued at $22,384,000 after acquiring an additional 28,231 shares in the last quarter. Revolve Wealth Partners LLC raised its position in UnitedHealth Group by 137.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock valued at $2,033,000 after acquiring an additional 2,324 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in UnitedHealth Group by 3.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 263,655 shares of the healthcare conglomerate's stock valued at $133,373,000 after purchasing an additional 9,872 shares during the period. Hillsdale Investment Management Inc. grew its holdings in UnitedHealth Group by 27.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 744 shares of the healthcare conglomerate's stock valued at $376,000 after purchasing an additional 160 shares during the period. Finally, Twin City Private Wealth LLC grew its holdings in UnitedHealth Group by 2.0% in the fourth quarter. Twin City Private Wealth LLC now owns 1,293 shares of the healthcare conglomerate's stock valued at $654,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 87.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on UNH shares. TD Cowen lowered UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 price objective on the stock. in a report on Monday, May 19th. Piper Sandler dropped their price objective on UnitedHealth Group from $552.00 to $353.00 and set an "overweight" rating on the stock in a report on Tuesday, June 3rd. Royal Bank Of Canada lowered their price target on UnitedHealth Group from $525.00 to $355.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. KeyCorp lowered their price target on UnitedHealth Group from $450.00 to $400.00 and set an "overweight" rating on the stock in a research note on Monday, June 2nd. Finally, Morgan Stanley lowered their price target on UnitedHealth Group from $563.00 to $374.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $394.43.

UnitedHealth Group Trading Up 1.1%

Shares of UNH stock traded up $3.06 on Tuesday, hitting $285.20. The stock had a trading volume of 14,233,925 shares, compared to its average volume of 7,873,392. 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 firm has a market capitalization of $258.72 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.38 and a beta of 0.45. UnitedHealth Group Incorporated has a 1 year low of $248.88 and a 1 year high of $630.73. The company's 50 day moving average price is $304.47 and its 200-day moving average price is $432.39.

UnitedHealth Group Increases Dividend

The business also recently declared 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. This is an increase from UnitedHealth Group's previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Monday, June 16th. This represents a $8.84 annualized dividend and a yield of 3.10%. UnitedHealth Group's dividend payout ratio is 37.02%.

Insider Activity at UnitedHealth Group

In other UnitedHealth Group news, Director Kristen Gil acquired 3,700 shares of the stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $271.17 per share, with a total value of $1,003,329.00. Following the transaction, the director owned 3,818 shares in the company, valued at $1,035,327.06. The trade was a 3,135.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John F. Rex acquired 17,175 shares of the stock in a transaction dated Friday, May 16th. The shares were acquired 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 owned 203,796 shares in the company, valued at approximately $59,329,091.52. This represents a 9.20% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 109,408 shares of company stock worth $31,607,768 over the last quarter. 0.28% of the stock is currently owned by insiders.

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.