UnitedHealth Group Incorporated (NYSE:UNH) Shares Purchased by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC grew its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 35.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,891 shares of the healthcare conglomerate's stock after acquiring an additional 4,992 shares during the period. KMG Fiduciary Partners LLC's holdings in UnitedHealth Group were worth $9,894,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lpwm LLC lifted its position in shares of UnitedHealth Group by 201.2% during the first quarter. Lpwm LLC now owns 2,608 shares of the healthcare conglomerate's stock worth $1,366,000 after purchasing an additional 1,742 shares during the last quarter. ARS Wealth Advisors Group LLC lifted its position in shares of UnitedHealth Group by 3.6% during the first quarter. ARS Wealth Advisors Group LLC now owns 28,650 shares of the healthcare conglomerate's stock worth $15,005,000 after purchasing an additional 1,004 shares during the last quarter. RDA Financial Network lifted its position in shares of UnitedHealth Group by 3.4% during the first quarter. RDA Financial Network now owns 9,282 shares of the healthcare conglomerate's stock worth $4,861,000 after purchasing an additional 304 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in UnitedHealth Group by 6.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,729 shares of the healthcare conglomerate's stock worth $1,953,000 after acquiring an additional 211 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in UnitedHealth Group by 20.2% in the first quarter. Sivia Capital Partners LLC now owns 3,010 shares of the healthcare conglomerate's stock worth $1,576,000 after acquiring an additional 505 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNH has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of UnitedHealth Group from $521.00 to $362.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Robert W. Baird cut their target price on shares of UnitedHealth Group from $510.00 to $356.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Raymond James cut shares of UnitedHealth Group from a "strong-buy" rating to a "market perform" rating in a report on Wednesday, May 14th. Hsbc Global Res lowered shares of UnitedHealth Group from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, May 21st. Finally, Erste Group Bank lowered shares of UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, UnitedHealth Group has an average rating of "Moderate Buy" and a consensus price target of $428.43.

Insider Buying and Selling

In related news, Director Timothy Patrick Flynn bought 1,533 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $320.80 per share, with a total value of $491,786.40. Following the purchase, the director now directly owns 6,033 shares of the company's stock, valued at approximately $1,935,386.40. This represents a 34.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kristen Gil bought 3,700 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $271.17 per share, with a total value of $1,003,329.00. Following the purchase, the director now directly owns 3,818 shares in the company, valued at approximately $1,035,327.06. This trade represents a 3,135.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 109,408 shares of company stock valued at $31,607,768. Company insiders own 0.33% of the company's stock.

UnitedHealth Group Trading Up 2.5%

UnitedHealth Group stock opened at $303.24 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. The firm has a market cap of $275.08 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.44. UnitedHealth Group Incorporated has a 1 year low of $248.88 and a 1 year high of $630.73. The firm's 50 day moving average price is $409.03 and its two-hundred day moving average price is $483.40.

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

UnitedHealth Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Monday, June 16th will be paid a $2.21 dividend. This is a positive change from UnitedHealth Group's previous quarterly dividend of $2.10. The ex-dividend date is Monday, June 16th. This represents a $8.84 dividend on an annualized basis and a yield of 2.92%. UnitedHealth Group's dividend payout ratio (DPR) is currently 37.02%.

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.

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