Voya Investment Management LLC Grows Holdings in UnitedHealth Group Incorporated $UNH

Key Points

• Voya Investment Management LLC increased its stake in UnitedHealth Group by 33.1%, holding over 1.1 million shares, making it the firm's 19th largest holding.
• Wall Street analysts have mixed ratings on UnitedHealth Group, with target prices ranging from $198 to $400, leading to a current consensus rating of "Moderate Buy".
• UnitedHealth Group announced a quarterly dividend of $2.21 per share, representing an annual yield of 2.5% and a payout ratio of 38.30%.

Voya Investment Management LLC grew its stake in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 33.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,127,586 shares of the healthcare conglomerate's stock after acquiring an additional 280,554 shares during the period. UnitedHealth Group comprises 0.7% of Voya Investment Management LLC's investment portfolio, making the stock its 19th biggest holding. Voya Investment Management LLC owned approximately 0.12% of UnitedHealth Group worth $590,463,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bayforest Capital Ltd raised its stake in shares of UnitedHealth Group by 685.7% in the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock valued at $29,000 after acquiring an additional 48 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of UnitedHealth Group by 416.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock valued at $32,000 after acquiring an additional 50 shares during the period. Copia Wealth Management purchased a new stake in UnitedHealth Group during the 4th quarter worth approximately $42,000. IAG Wealth Partners LLC purchased a new stake in UnitedHealth Group during the 1st quarter worth approximately $42,000. Finally, Investment Management Corp VA ADV purchased a new stake in UnitedHealth Group during the 4th quarter worth approximately $44,000. 87.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UNH. Robert W. Baird reaffirmed an "underperform" rating and set a $198.00 target price (down from $312.00) on shares of UnitedHealth Group in a research note on Thursday, July 31st. KeyCorp cut their target price on shares of UnitedHealth Group from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of UnitedHealth Group from $418.00 to $310.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Bank of America boosted their price target on shares of UnitedHealth Group from $290.00 to $325.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Finally, TD Cowen cut shares of UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 price target for the company. in a report on Monday, May 19th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $355.77.

UnitedHealth Group Trading Up 2.1%

Shares of UnitedHealth Group stock opened at $353.89 on Friday. The company has a fifty day simple moving average of $291.11 and a 200-day simple moving average of $370.48. UnitedHealth Group Incorporated has a 12-month low of $234.60 and a 12-month high of $630.73. 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 stock has a market cap of $320.51 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.27 and a beta of 0.45.

UnitedHealth Group (NYSE:UNH - Get Free Report) last issued its earnings results 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). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The company had revenue of $111.62 billion during the quarter, compared to analyst estimates of $111.75 billion. During the same quarter in the previous year, the company posted $6.80 EPS. The company's quarterly 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, equities analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

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

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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