UnitedHealth Group Incorporated $UNH Shares Purchased by Equitable Trust Co.

Key Points

• Equitable Trust Co. significantly increased its stake in UnitedHealth Group by 238.0% during the 2nd quarter, acquiring an additional 32,969 shares, bringing its total holdings to 46,819 shares valued at approximately $14.6 million.
• UnitedHealth Group's recent quarterly earnings missed consensus estimates, with an earnings per share (EPS) of $4.08, falling short of the expected $4.45, despite revenue showing a year-over-year increase of 12.9%.
• The company announced a quarterly dividend of $2.21, which translates to an annualized yield of 2.5%, demonstrating a dividend payout ratio of 38.3%.

Equitable Trust Co. boosted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 238.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,819 shares of the healthcare conglomerate's stock after buying an additional 32,969 shares during the quarter. Equitable Trust Co.'s holdings in UnitedHealth Group were worth $14,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNH. Brighton Jones LLC boosted its holdings in UnitedHealth Group by 176.2% during the 4th quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock valued at $22,384,000 after acquiring an additional 28,231 shares during the period. Revolve Wealth Partners LLC increased its stake in UnitedHealth Group by 137.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock worth $2,033,000 after buying an additional 2,324 shares during the period. GAMMA Investing LLC increased its stake in UnitedHealth Group by 7.4% during the 1st quarter. GAMMA Investing LLC now owns 15,838 shares of the healthcare conglomerate's stock worth $8,295,000 after buying an additional 1,089 shares during the period. Sound Income Strategies LLC grew its stake in shares of UnitedHealth Group by 15.9% in the first quarter. Sound Income Strategies LLC now owns 2,399 shares of the healthcare conglomerate's stock worth $1,257,000 after acquiring an additional 330 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings 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. Hedge funds and other institutional investors own 87.86% of the company's stock.

UnitedHealth Group Stock Up 1.2%

UNH stock opened at $358.80 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $320.57 and a 200-day moving average of $346.99. UnitedHealth Group Incorporated has a one year low of $234.60 and a one year high of $630.73. The stock has a market capitalization of $324.96 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.45 by ($0.37). The firm had revenue of $111.62 billion for the quarter, compared to analyst estimates of $111.75 billion. UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The business's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.80 earnings per share. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th were issued a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 15th. UnitedHealth Group's dividend payout ratio is 38.30%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UNH shares. JPMorgan Chase & Co. increased their price target on UnitedHealth Group from $310.00 to $425.00 and gave the company an "overweight" rating in a research report on Thursday, October 9th. Truist Financial boosted their price target on shares of UnitedHealth Group from $310.00 to $365.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Barclays lifted their price objective on shares of UnitedHealth Group from $352.00 to $386.00 and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Piper Sandler cut their price target on 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, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of UnitedHealth Group in a report on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $383.09.

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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