UnitedHealth Group Incorporated $UNH Shares Acquired by Callahan Advisors LLC

Key Points

• Callahan Advisors LLC increased its holdings in UnitedHealth Group by 2.9% in Q2, owning a total of 48,213 shares valued at $15,041,000.
• Several hedge funds, including Brighton Jones LLC and Revolve Wealth Partners LLC, significantly increased their positions in UnitedHealth Group, reflecting strong institutional interest in the stock.
• Analyst ratings for UnitedHealth Group have been largely positive, with price target increases from firms like Bank of America and JPMorgan Chase & Co., indicating strong expectations for the company's performance.

Callahan Advisors LLC lifted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,213 shares of the healthcare conglomerate's stock after buying an additional 1,355 shares during the period. UnitedHealth Group makes up approximately 1.4% of Callahan Advisors LLC's holdings, making the stock its 25th largest position. Callahan Advisors LLC's holdings in UnitedHealth Group were worth $15,041,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UNH. Brighton Jones LLC lifted its position in UnitedHealth Group by 176.2% in the fourth quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock valued at $22,384,000 after purchasing an additional 28,231 shares during the period. Revolve Wealth Partners LLC lifted its position in UnitedHealth Group by 137.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock valued at $2,033,000 after purchasing an additional 2,324 shares during the period. GAMMA Investing LLC lifted its position in UnitedHealth Group by 7.4% in the first quarter. GAMMA Investing LLC now owns 15,838 shares of the healthcare conglomerate's stock valued at $8,295,000 after purchasing an additional 1,089 shares during the period. Exchange Traded Concepts LLC lifted its position in UnitedHealth Group by 49.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the healthcare conglomerate's stock valued at $1,481,000 after purchasing an additional 930 shares during the period. Finally, Chicago Capital LLC increased its holdings in UnitedHealth Group by 3.4% in the first quarter. Chicago Capital LLC now owns 1,027 shares of the healthcare conglomerate's stock valued at $538,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on UNH shares. Bank of America increased their target price on shares of UnitedHealth Group from $350.00 to $390.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of UnitedHealth Group from $310.00 to $425.00 and gave the company an "overweight" rating in a report on Thursday, October 9th. Truist Financial increased their target price on shares of UnitedHealth Group from $310.00 to $365.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Cantor Fitzgerald reissued an "overweight" rating and set a $440.00 price objective on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Finally, Zacks Research raised shares of UnitedHealth Group from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $384.09.

UnitedHealth Group Stock Up 0.2%

UNH stock opened at $360.77 on Thursday. The stock has a market capitalization of $326.73 billion, a P/E ratio of 15.63, a PEG ratio of 2.33 and a beta of 0.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group Incorporated has a one year low of $234.60 and a one year high of $630.73. The company has a 50 day moving average price of $325.04 and a two-hundred day moving average price of $347.17.

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). The firm had revenue of $111.62 billion during the quarter, compared to analysts' expectations of $111.75 billion. UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The firm's revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, sell-side analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were paid 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 currently 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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