Tokio Marine Asset Management Co. Ltd. Purchases 2,873 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,480 shares of the healthcare conglomerate's stock after acquiring an additional 2,873 shares during the quarter. UnitedHealth Group accounts for about 2.3% of Tokio Marine Asset Management Co. Ltd.'s holdings, making the stock its 5th largest position. Tokio Marine Asset Management Co. Ltd.'s holdings in UnitedHealth Group were worth $41,317,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Bray Capital Advisors increased its stake in UnitedHealth Group by 0.5% in the 3rd quarter. Bray Capital Advisors now owns 9,616 shares of the healthcare conglomerate's stock valued at $4,848,000 after buying an additional 50 shares during the period. Trust Co. of Oklahoma acquired a new position in shares of UnitedHealth Group during the 3rd quarter worth $441,000. Kraft Davis & Associates LLC increased its stake in shares of UnitedHealth Group by 3.4% during the 3rd quarter. Kraft Davis & Associates LLC now owns 577 shares of the healthcare conglomerate's stock worth $294,000 after purchasing an additional 19 shares during the last quarter. Naples Global Advisors LLC increased its stake in shares of UnitedHealth Group by 0.8% during the 3rd quarter. Naples Global Advisors LLC now owns 12,445 shares of the healthcare conglomerate's stock worth $6,274,000 after purchasing an additional 98 shares during the last quarter. Finally, Bluesphere Advisors LLC increased its stake in shares of UnitedHealth Group by 10.9% during the 3rd quarter. Bluesphere Advisors LLC now owns 2,614 shares of the healthcare conglomerate's stock worth $1,318,000 after purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

Insider Buying and Selling at UnitedHealth Group

In other UnitedHealth Group news, EVP Erin Mcsweeney sold 1,236 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $483.48, for a total value of $597,581.28. Following the completion of the sale, the executive vice president now owns 9,364 shares in the company, valued at approximately $4,527,306.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Erin Mcsweeney sold 1,236 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $483.48, for a total value of $597,581.28. Following the transaction, the executive vice president now owns 9,364 shares of the company's stock, valued at approximately $4,527,306.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas E. Roos sold 858 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $525.79, for a total transaction of $451,127.82. Following the completion of the transaction, the chief accounting officer now directly owns 32,289 shares in the company, valued at approximately $16,977,233.31. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UNH. Erste Group Bank reaffirmed a "hold" rating on shares of UnitedHealth Group in a report on Wednesday, March 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $591.00 price objective on shares of UnitedHealth Group in a report on Wednesday, April 10th. StockNews.com downgraded shares of UnitedHealth Group from a "buy" rating to a "hold" rating in a report on Thursday, April 18th. Truist Financial reissued a "buy" rating and issued a $600.00 price target on shares of UnitedHealth Group in a report on Wednesday, April 17th. Finally, Morgan Stanley reduced their price target on shares of UnitedHealth Group from $618.00 to $584.00 and set an "overweight" rating for the company in a report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, UnitedHealth Group has a consensus rating of "Moderate Buy" and a consensus price target of $570.05.

UnitedHealth Group Price Performance

Shares of UnitedHealth Group stock traded up $1.12 during mid-day trading on Wednesday, reaching $487.30. 3,722,296 shares of the stock were exchanged, compared to its average volume of 4,532,990. The company has a market cap of $449.26 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.54. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $486.90 and a 200 day simple moving average of $514.57. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $554.70.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its earnings results on Tuesday, April 16th. The healthcare conglomerate reported $6.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.63 by $0.28. The business had revenue of $99.80 billion during the quarter, compared to analysts' expectations of $99.23 billion. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $6.26 EPS. On average, sell-side analysts predict that UnitedHealth Group Incorporated will post 27.61 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 11th were given a $1.88 dividend. This represents a $7.52 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, March 8th. UnitedHealth Group's payout ratio is presently 45.97%.

UnitedHealth Group 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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