UnitedHealth Group Incorporated $UNH Shares Bought by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI increased its stake in UnitedHealth Group by 3.1%, owning a total of 197,587 shares valued at approximately $103.5 million as of the latest SEC filing.
• UnitedHealth Group reported $4.08 EPS for the quarter, missing analysts' expectations of $4.45, while its revenue for the same period was $111.62 billion, slightly below the projected $111.75 billion.
• The company declared a quarterly dividend of $2.21 per share, with a yield of 2.8%, to be paid on September 23rd, following a record date of September 15th.

Zurich Insurance Group Ltd FI grew its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 3.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 197,587 shares of the healthcare conglomerate's stock after acquiring an additional 5,964 shares during the period. Zurich Insurance Group Ltd FI's holdings in UnitedHealth Group were worth $103,486,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of UNH. Bayforest Capital Ltd lifted its holdings in shares of UnitedHealth Group by 685.7% in the first quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock valued at $29,000 after purchasing an additional 48 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of UnitedHealth Group by 416.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Copia Wealth Management purchased a new stake in shares of UnitedHealth Group in the fourth quarter valued at $42,000. IAG Wealth Partners LLC purchased a new stake in shares of UnitedHealth Group in the first quarter valued at $42,000. Finally, Investment Management Corp VA ADV purchased a new stake in shares of UnitedHealth Group in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 87.86% of the company's stock.

UnitedHealth Group Trading Up 1.6%

UnitedHealth Group stock opened at $320.46 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $290.24 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 2.04 and a beta of 0.45. UnitedHealth Group Incorporated has a one year low of $234.60 and a one year high of $630.73. The company's fifty day moving average price is $288.96 and its two-hundred day moving average price is $371.54.

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

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th will be issued a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 15th. UnitedHealth Group's dividend payout ratio is 38.30%.

Wall Street Analyst Weigh In

UNH has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on shares of UnitedHealth Group from $418.00 to $310.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Mizuho dropped their price target on shares of UnitedHealth Group from $515.00 to $350.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Wolfe Research dropped their price target on shares of UnitedHealth Group from $501.00 to $390.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Piper Sandler dropped their price target on shares of UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada dropped their price target on shares of UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $354.86.

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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