Kensico Capital Management Corp Sells 44,530 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Kensico Capital Management Corp lessened its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,470 shares of the healthcare conglomerate's stock after selling 44,530 shares during the quarter. UnitedHealth Group makes up about 2.6% of Kensico Capital Management Corp's portfolio, making the stock its 15th biggest position. Kensico Capital Management Corp's holdings in UnitedHealth Group were worth $114,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KKM Financial LLC grew its holdings in UnitedHealth Group by 3.9% in the 4th quarter. KKM Financial LLC now owns 5,439 shares of the healthcare conglomerate's stock valued at $2,751,000 after buying an additional 206 shares in the last quarter. Humankind Investments LLC grew its position in UnitedHealth Group by 1.9% during the 4th quarter. Humankind Investments LLC now owns 2,529 shares of the healthcare conglomerate's stock worth $1,279,000 after purchasing an additional 47 shares during the last quarter. Guardian Wealth Advisors LLC NC increased its stake in shares of UnitedHealth Group by 14.8% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 7,275 shares of the healthcare conglomerate's stock worth $3,680,000 after acquiring an additional 938 shares during the period. Gen Wealth Partners Inc increased its holdings in shares of UnitedHealth Group by 10.7% in the 4th quarter. Gen Wealth Partners Inc now owns 3,516 shares of the healthcare conglomerate's stock valued at $1,779,000 after purchasing an additional 341 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in shares of UnitedHealth Group by 11.8% during the 4th quarter. Gotham Asset Management LLC now owns 18,741 shares of the healthcare conglomerate's stock worth $9,480,000 after buying an additional 1,980 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on UNH shares. HSBC reaffirmed a "hold" rating and set a $490.00 price objective on shares of UnitedHealth Group in a research note on Tuesday, April 22nd. StockNews.com upgraded UnitedHealth Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of UnitedHealth Group from $652.00 to $525.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada cut their target price on shares of UnitedHealth Group from $655.00 to $525.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Truist Financial cut their price objective on shares of UnitedHealth Group from $660.00 to $580.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $596.86.

UnitedHealth Group Price Performance

Shares of NYSE:UNH traded down $55.17 during trading on Tuesday, hitting $323.58. 15,561,524 shares of the company were exchanged, compared to its average volume of 4,802,714. UnitedHealth Group Incorporated has a 1-year low of $322.57 and a 1-year high of $630.73. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $293.53 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.37 and a beta of 0.56. The business's 50 day moving average is $486.06 and its 200-day moving average is $520.74.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.09). The company had revenue of $109.58 billion during the quarter, compared to the consensus estimate of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same period last year, the firm posted $6.91 earnings per share. Equities analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group's dividend payout ratio (DPR) is 35.18%.

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.