UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 695,945 shares of the healthcare conglomerate's stock after purchasing an additional 21,373 shares during the quarter. Mackenzie Financial Corp owned about 0.08% of UnitedHealth Group worth $352,051,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Forum Financial Management LP lifted its stake in shares of UnitedHealth Group by 25.2% in the 4th quarter. Forum Financial Management LP now owns 8,480 shares of the healthcare conglomerate's stock valued at $4,290,000 after purchasing an additional 1,709 shares during the last quarter. Baer Investment Advisory LLC acquired a new stake in UnitedHealth Group in the 4th quarter valued at about $2,056,000. Michels Family Financial LLC acquired a new stake in shares of UnitedHealth Group in the 4th quarter valued at $398,000. Peak Retirement Planning Inc. acquired a new position in shares of UnitedHealth Group during the 4th quarter worth about $351,000. Finally, Wormser Freres Gestion raised its holdings in UnitedHealth Group by 1,136.0% during the fourth quarter. Wormser Freres Gestion now owns 309 shares of the healthcare conglomerate's stock worth $159,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company's stock.

Insider Activity

In related news, Director Timothy Patrick Flynn bought 1,533 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average cost of $320.80 per share, with a total value of $491,786.40. Following the completion of the purchase, the director now directly owns 6,033 shares of the company's stock, valued at $1,935,386.40. This trade represents a 34.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John F. Rex purchased 17,175 shares of the stock in a transaction on Friday, May 16th. The stock was acquired at an average cost of $291.12 per share, with a total value of $4,999,986.00. Following the completion of the purchase, the chief financial officer now directly owns 203,796 shares of the company's stock, valued at $59,329,091.52. The trade was a 9.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 109,408 shares of company stock valued at $31,607,768 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on UNH. TD Cowen downgraded shares of UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 price target for the company. in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft decreased their price target on UnitedHealth Group from $521.00 to $362.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. KeyCorp reduced their target price on UnitedHealth Group from $575.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of UnitedHealth Group from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Raymond James downgraded shares of UnitedHealth Group from a "strong-buy" rating to a "market perform" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $441.87.

UnitedHealth Group Stock Performance

NYSE UNH opened at $295.37 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. 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 market cap of $267.94 billion, a PE ratio of 19.06, a PEG ratio of 1.37 and a beta of 0.56. The firm's fifty day moving average price is $452.40 and its two-hundred day moving average price is $505.07.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.29 by ($0.09). UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. During the same quarter last year, the business earned $6.91 earnings per share. On average, equities analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Monday, March 10th. UnitedHealth Group's payout ratio is currently 35.18%.

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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