VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 126,600 UnitedHealth Group Incorporated $UNH

Key Points

• The Virginia Retirement Systems acquired 126,600 shares of UnitedHealth Group stock, valued at approximately $39.5 million, as per their latest SEC filing.
• UnitedHealth Group reported Q2 earnings of $4.08 per share, missing analysts' estimates, with revenues of $111.62 billion, showing a 12.9% increase year-over-year.
• Recently, UnitedHealth Group announced a quarterly dividend of $2.21, representing an annualized dividend of $8.84 and a yield of 2.5%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 126,600 shares of the healthcare conglomerate's stock, valued at approximately $39,495,000.

Other large investors have also modified their holdings of the company. 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. O Brien Wealth Partners LLC lifted its holdings in shares of UnitedHealth Group by 74.0% in the first quarter. O Brien Wealth Partners LLC now owns 87 shares of the healthcare conglomerate's stock valued at $46,000 after purchasing an additional 37 shares in the last quarter. Nova Wealth Management Inc. raised its holdings in shares of UnitedHealth Group by 339.1% during the first quarter. Nova Wealth Management Inc. now owns 101 shares of the healthcare conglomerate's stock worth $53,000 after acquiring an additional 78 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in shares of UnitedHealth Group during the first quarter worth $53,000. 87.86% of the stock is owned by institutional investors.

UnitedHealth Group Stock Down 0.0%

UNH stock opened at $356.53 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. The business's 50-day simple moving average is $329.38 and its 200 day simple moving average is $343.62. The company has a market cap of $322.90 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.47. UnitedHealth Group Incorporated has a twelve month low of $234.60 and a twelve month high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share for the quarter, missing analysts' consensus estimates of $4.45 by ($0.37). The company had revenue of $111.62 billion for the quarter, compared to analyst estimates of $111.75 billion. UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. 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. On average, research 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 was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were paid a $2.21 dividend. The ex-dividend date was Monday, September 15th. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.5%. UnitedHealth Group's payout ratio is 38.30%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Baird R W lowered UnitedHealth Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 31st. Weiss Ratings restated a "sell (d+)" rating on shares of UnitedHealth Group in a report on Wednesday, October 8th. Sanford C. Bernstein raised their target price on UnitedHealth Group from $379.00 to $433.00 and gave the company an "outperform" rating in a report on Wednesday, October 8th. Truist Financial raised their target price on UnitedHealth Group from $310.00 to $365.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Finally, Mizuho raised their price target on UnitedHealth Group from $300.00 to $430.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $385.13.

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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