UnitedHealth Group Incorporated $UNH Shares Purchased by BlackBarn Capital Partners LP

Key Points

• BlackBarn Capital Partners LP increased its holdings in UnitedHealth Group by 10.0%, owning a total of 66,000 shares valued at approximately $34.57 million, marking it as the firm's second biggest position.
• The company has faced challenges in earnings, reporting an EPS of $4.08 for the latest quarter, which was below analyst expectations of $4.45, alongside a revenue of $111.62 billion.
• UnitedHealth Group announced a quarterly dividend of $2.21 per share, with an annual yield of 2.9% and a payout ratio of 38.30% set for payment on September 23rd.

BlackBarn Capital Partners LP grew its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,000 shares of the healthcare conglomerate's stock after buying an additional 6,000 shares during the quarter. UnitedHealth Group accounts for about 2.2% of BlackBarn Capital Partners LP's holdings, making the stock its 2nd biggest position. BlackBarn Capital Partners LP's holdings in UnitedHealth Group were worth $34,568,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in UnitedHealth Group in the 4th quarter worth about $26,000. Bayforest Capital Ltd grew its position in UnitedHealth Group by 685.7% in the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after purchasing an additional 48 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in UnitedHealth Group by 416.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in UnitedHealth Group in the 1st quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in UnitedHealth Group in the 4th quarter worth about $41,000. 87.86% of the stock is owned by institutional investors.

Insider Transactions at UnitedHealth Group

In other UnitedHealth Group news, CEO Patrick Hugh Conway sold 589 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $305.00, for a total value of $179,645.00. Following the sale, the chief executive officer directly owned 10,398 shares in the company, valued at $3,171,390. This represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

UnitedHealth Group Stock Performance

Shares of UNH stock opened at $307.0980 on Friday. The stock has a market capitalization of $278.13 billion, a P/E ratio of 13.31, a PEG ratio of 1.96 and a beta of 0.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The firm's 50 day moving average is $288.39 and its 200 day moving average is $389.57. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 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 business had revenue of $111.62 billion for the quarter, compared to analysts' expectations of $111.75 billion. During the same quarter in the previous year, the company posted $6.80 earnings per share. The business's quarterly revenue was up 12.9% compared to the same quarter last year. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th will be paid a $2.21 dividend. The ex-dividend date is Monday, September 15th. This represents a $8.84 annualized dividend and a yield of 2.9%. UnitedHealth Group's dividend payout ratio is currently 38.30%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays reiterated an "overweight" rating on shares of UnitedHealth Group in a research note on Thursday, July 17th. UBS Group reiterated a "buy" rating on shares of UnitedHealth Group in a research note on Thursday, July 17th. Morgan Stanley dropped their target price on shares of UnitedHealth Group from $342.00 to $325.00 and set an "overweight" rating on the stock in a research note on Wednesday. Truist Financial dropped their target price on shares of UnitedHealth Group from $360.00 to $345.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Finally, TD Cowen cut shares of UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 target price on the stock. in a research note on Monday, May 19th. Fifteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $365.38.

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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