Meridian Wealth Management LLC lowered its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,137 shares of the healthcare conglomerate’s stock after selling 941 shares during the period. UnitedHealth Group makes up 2.7% of Meridian Wealth Management LLC’s holdings, making the stock its 9th largest position. Meridian Wealth Management LLC’s holdings in UnitedHealth Group were worth $4,518,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ipswich Investment Management Co. Inc. acquired a new position in shares of UnitedHealth Group during the 4th quarter valued at $40,000. OLD Second National Bank of Aurora increased its position in shares of UnitedHealth Group by 70.0% during the 4th quarter. OLD Second National Bank of Aurora now owns 170 shares of the healthcare conglomerate’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Contravisory Investment Management Inc. increased its position in shares of UnitedHealth Group by 172.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 185 shares of the healthcare conglomerate’s stock valued at $46,000 after purchasing an additional 117 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of UnitedHealth Group in the 4th quarter worth $76,000. Finally, CX Institutional grew its holdings in shares of UnitedHealth Group by 475.0% in the 4th quarter. CX Institutional now owns 322 shares of the healthcare conglomerate’s stock worth $80,000 after acquiring an additional 266 shares during the last quarter. 85.80% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $266.61, for a total value of $1,333,050.00. Following the transaction, the director now directly owns 77,702 shares of the company’s stock, valued at approximately $20,716,130.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $260.55, for a total value of $3,908,250.00. Following the completion of the transaction, the director now directly owns 193,872 shares in the company, valued at $50,513,349.60. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.
Shares of UnitedHealth Group stock traded up $1.47 during trading on Thursday, reaching $253.72. The company’s stock had a trading volume of 1,171,240 shares, compared to its average volume of 4,688,561. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $235.93 billion, a PE ratio of 19.70, a PEG ratio of 1.26 and a beta of 0.79. UnitedHealth Group Inc has a one year low of $212.49 and a one year high of $287.94.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, January 15th. The healthcare conglomerate reported $3.28 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.08. UnitedHealth Group had a return on equity of 24.38% and a net margin of 5.30%. The business had revenue of $58.42 billion for the quarter, compared to analyst estimates of $58.01 billion. During the same period in the previous year, the company posted $2.59 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts forecast that UnitedHealth Group Inc will post 14.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Monday, March 11th will be paid a $0.90 dividend. The ex-dividend date is Friday, March 8th. This represents a $3.60 annualized dividend and a dividend yield of 1.42%. UnitedHealth Group’s dividend payout ratio is currently 27.95%.
A number of equities analysts recently issued reports on UNH shares. Oppenheimer lifted their target price on UnitedHealth Group from $295.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, November 28th. Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Cleveland Research reiterated a “buy” rating on shares of UnitedHealth Group in a report on Friday, January 11th. Argus lifted their price target on UnitedHealth Group from $285.00 to $295.00 and gave the company a “buy” rating in a report on Monday, December 17th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $310.00 price target on shares of UnitedHealth Group in a report on Friday, February 8th. Two equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. UnitedHealth Group presently has a consensus rating of “Buy” and a consensus price target of $297.80.
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UnitedHealth Group Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
Read More: Return on Investment (ROI)
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