Retirement Systems of Alabama Has $241.34 Million Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Retirement Systems of Alabama grew its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 458,403 shares of the healthcare conglomerate's stock after purchasing an additional 6,156 shares during the quarter. UnitedHealth Group makes up about 1.0% of Retirement Systems of Alabama's holdings, making the stock its 14th biggest position. Retirement Systems of Alabama's holdings in UnitedHealth Group were worth $241,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Robbins Farley acquired a new position in shares of UnitedHealth Group in the 3rd quarter valued at $25,000. Richelieu Gestion SA purchased a new stake in shares of UnitedHealth Group during the 4th quarter worth $26,000. CGC Financial Services LLC boosted its position in shares of UnitedHealth Group by 1,000.0% during the 4th quarter. CGC Financial Services LLC now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after purchasing an additional 50 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of UnitedHealth Group by 340.0% during the 3rd quarter. NewSquare Capital LLC now owns 66 shares of the healthcare conglomerate's stock worth $33,000 after purchasing an additional 51 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its position in shares of UnitedHealth Group by 148.1% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 67 shares of the healthcare conglomerate's stock worth $35,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

UnitedHealth Group Trading Up 0.3 %

UNH traded up $1.49 on Friday, reaching $495.35. 2,727,016 shares of the company's stock were exchanged, compared to its average volume of 5,623,667. The company's 50 day moving average is $485.84 and its 200-day moving average is $514.07. The company has a market cap of $455.76 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.43 and a beta of 0.54. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $554.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.79 and a current ratio of 0.85.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted 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 firm had revenue of $99.80 billion during the quarter, compared to the consensus estimate of $99.23 billion. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. The company's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.26 EPS. Equities analysts predict that UnitedHealth Group Incorporated will post 27.61 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 11th were given a dividend of $1.88 per share. This represents a $7.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, March 8th. UnitedHealth Group's dividend payout ratio is currently 45.97%.

Analysts Set New Price Targets

Several research firms recently commented on UNH. Royal Bank of Canada decreased their price objective on shares of UnitedHealth Group from $596.00 to $555.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 17th. Truist Financial reiterated a "buy" rating and issued a $600.00 price objective on shares of UnitedHealth Group in a research report on Wednesday, April 17th. Stephens reissued an "overweight" rating and issued a $605.00 target price on shares of UnitedHealth Group in a research note on Thursday, February 8th. Erste Group Bank reissued a "hold" rating on shares of UnitedHealth Group in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company cut their target price on shares of UnitedHealth Group from $600.00 to $525.00 and set an "overweight" rating for the company in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $570.05.

Insider Activity at UnitedHealth Group

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

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.