Wright Investors Service Inc. Has $3.97 Million Position in UnitedHealth Group Incorporated $UNH

Key Points

• Wright Investors Service Inc. increased its stake in UnitedHealth Group by 50.6% during the second quarter, now owning 12,720 shares valued at approximately $3.97 million.
• Widespread interest in UnitedHealth is evident as several institutional investors, including Vanguard and GAMMA Investing, have significantly boosted their holdings in the company during the previous quarter.
• Analyst ratings for UnitedHealth Group vary, with price targets ranging from $267.00 to $379.00, reflecting a consensus rating of "Moderate Buy" and a price target of $358.95.

Wright Investors Service Inc. raised its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 50.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,720 shares of the healthcare conglomerate's stock after purchasing an additional 4,271 shares during the quarter. UnitedHealth Group accounts for about 1.2% of Wright Investors Service Inc.'s investment portfolio, making the stock its 23rd biggest position. Wright Investors Service Inc.'s holdings in UnitedHealth Group were worth $3,968,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. lifted its holdings in UnitedHealth Group by 0.8% during the 1st quarter. Financial Management Professionals Inc. now owns 2,224 shares of the healthcare conglomerate's stock valued at $1,165,000 after purchasing an additional 17 shares during the last quarter. Global Wealth Strategies & Associates grew its stake in shares of UnitedHealth Group by 28.6% during the first quarter. Global Wealth Strategies & Associates now owns 90 shares of the healthcare conglomerate's stock valued at $47,000 after purchasing an additional 20 shares during the last quarter. Retirement Planning Group LLC lifted its holdings in UnitedHealth Group by 5.1% during the 1st quarter. Retirement Planning Group LLC now owns 430 shares of the healthcare conglomerate's stock worth $225,000 after buying an additional 21 shares in the last quarter. Net Worth Advisory Group raised its position in shares of UnitedHealth Group by 0.6% during the first quarter. Net Worth Advisory Group now owns 3,642 shares of the healthcare conglomerate's stock worth $1,907,000 after acquiring an additional 21 shares during the last quarter. Finally, Bensler LLC increased its position in UnitedHealth Group by 0.3% in the first quarter. Bensler LLC now owns 6,945 shares of the healthcare conglomerate's stock worth $3,637,000 after purchasing an additional 22 shares during the period. 87.86% of the stock is owned by institutional investors and hedge funds.

UnitedHealth Group Stock Performance

UNH stock traded up $4.80 during midday trading on Monday, reaching $341.49. 8,872,976 shares of the company were exchanged, compared to its average volume of 13,010,143. UnitedHealth Group Incorporated has a one year low of $234.60 and a one year high of $630.73. The firm has a market capitalization of $309.27 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.20 and a beta of 0.44. The business has a 50-day moving average price of $295.67 and a two-hundred day moving average price of $363.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85.

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 for the quarter, missing the consensus estimate of $4.45 by ($0.37). UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The firm had revenue of $111.62 billion for the quarter, compared to analyst estimates of $111.75 billion. During the same period in the previous year, the business posted $6.80 earnings per share. The business's revenue for the quarter was up 12.9% on a year-over-year basis. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Equities research analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders 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 dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 15th. UnitedHealth Group's dividend payout ratio is 38.30%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Barclays increased their price target on shares of UnitedHealth Group from $337.00 to $352.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Sanford C. Bernstein upped their target price on shares of UnitedHealth Group from $337.00 to $379.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Bank of America boosted their price target on shares of UnitedHealth Group from $290.00 to $325.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, KeyCorp dropped their price objective on shares of UnitedHealth Group from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $358.95.

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.