Meadow Creek Wealth Advisors LLC Grows Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

Meadow Creek Wealth Advisors LLC lifted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 26.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,214 shares of the healthcare conglomerate’s stock after purchasing an additional 460 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $1,095,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UNH. Richelieu Gestion SA acquired a new stake in shares of UnitedHealth Group during the 4th quarter worth $26,000. CGC Financial Services LLC raised its position in UnitedHealth Group by 1,000.0% in the fourth quarter. CGC Financial Services LLC now owns 55 shares of the healthcare conglomerate’s stock valued at $29,000 after purchasing an additional 50 shares during the period. True Wealth Design LLC acquired a new stake in UnitedHealth Group in the fourth quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA boosted its stake in shares of UnitedHealth Group by 148.1% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 67 shares of the healthcare conglomerate’s stock valued at $35,000 after purchasing an additional 40 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in UnitedHealth Group in the 4th quarter worth $40,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UNH. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of UnitedHealth Group in a research note on Wednesday, April 17th. Royal Bank of Canada reduced their price target 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. TD Cowen lowered their target price on UnitedHealth Group from $607.00 to $546.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Bank of America reiterated a “buy” rating and issued a $675.00 target price on shares of UnitedHealth Group in a research note on Thursday, March 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on UnitedHealth Group from $545.00 to $562.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $579.74.

UnitedHealth Group Trading Down 1.7 %

NYSE UNH opened at $489.90 on Thursday. The stock has a market cap of $450.90 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.47 and a beta of 0.60. The firm’s 50 day moving average price is $498.64 and its two-hundred day moving average price is $501.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $554.70.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $6.91 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 analyst estimates of $99.23 billion. UnitedHealth Group had a return on equity of 26.50% and a net margin of 4.05%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $6.26 EPS. Equities analysts anticipate that UnitedHealth Group Incorporated will post 27.55 EPS for the current year.

UnitedHealth Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 17th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 1.71%. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.88. The ex-dividend date was Monday, June 17th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 51.34%.

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.