Public Employees Retirement Association of Colorado Has $423.41 Million Position in UnitedHealth Group Incorporated (NYSE:UNH)

Public Employees Retirement Association of Colorado lessened its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 837,005 shares of the healthcare conglomerate's stock after selling 22,203 shares during the period. UnitedHealth Group comprises approximately 1.7% of Public Employees Retirement Association of Colorado's holdings, making the stock its 10th biggest holding. Public Employees Retirement Association of Colorado owned about 0.09% of UnitedHealth Group worth $423,407,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new position in shares of UnitedHealth Group in the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new stake in shares of UnitedHealth Group during the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC acquired a new stake in UnitedHealth Group in the fourth quarter worth $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of UnitedHealth Group during the fourth quarter worth about $30,000. Finally, Promus Capital LLC acquired a new position in UnitedHealth Group during the 4th quarter valued at about $32,000. 87.86% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Stock Down 2.8 %

NYSE UNH traded down $11.37 during trading on Thursday, hitting $400.07. 9,289,533 shares of the company traded hands, compared to its average volume of 4,563,822. The company has a market capitalization of $364.15 billion, a P/E ratio of 25.81, a PEG ratio of 1.37 and a beta of 0.61. The business has a fifty day simple moving average of $498.51 and a 200 day simple moving average of $531.25. UnitedHealth Group Incorporated has a 12 month low of $399.53 and a 12 month high of $630.73. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing the consensus estimate of $7.29 by ($0.09). UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The company had revenue of $109.58 billion for the quarter, compared to analyst estimates of $111.56 billion. During the same quarter last year, the business earned $6.91 EPS. As a group, sell-side analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on UnitedHealth Group from $652.00 to $525.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays dropped their target price on shares of UnitedHealth Group from $642.00 to $560.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Cantor Fitzgerald reiterated an "overweight" rating and set a $700.00 price objective on shares of UnitedHealth Group in a research report on Friday, January 17th. Morgan Stanley cut their target price on UnitedHealth Group from $664.00 to $563.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Oppenheimer cut their price objective on UnitedHealth Group from $640.00 to $600.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $596.86.

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.