Gyroscope Capital Management Group LLC grew its holdings in UnitedHealth Group Inc (NYSE:UNH) by 484.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,018 shares of the healthcare conglomerate’s stock after purchasing an additional 34,004 shares during the period. UnitedHealth Group comprises approximately 3.5% of Gyroscope Capital Management Group LLC’s holdings, making the stock its 5th largest holding. Gyroscope Capital Management Group LLC’s holdings in UnitedHealth Group were worth $8,834,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in UNH. Grove Bank & Trust boosted its position in shares of UnitedHealth Group by 6.1% in the first quarter. Grove Bank & Trust now owns 5,987 shares of the healthcare conglomerate’s stock valued at $1,480,000 after acquiring an additional 342 shares during the period. Private Capital Group LLC boosted its position in shares of UnitedHealth Group by 5.0% in the first quarter. Private Capital Group LLC now owns 5,402 shares of the healthcare conglomerate’s stock valued at $1,336,000 after acquiring an additional 258 shares during the period. Access Financial Services Inc. boosted its position in shares of UnitedHealth Group by 4.5% in the first quarter. Access Financial Services Inc. now owns 1,740 shares of the healthcare conglomerate’s stock valued at $430,000 after acquiring an additional 75 shares during the period. K.J. Harrison & Partners Inc boosted its position in shares of UnitedHealth Group by 57.5% in the first quarter. K.J. Harrison & Partners Inc now owns 11,500 shares of the healthcare conglomerate’s stock valued at $2,843,000 after acquiring an additional 4,200 shares during the period. Finally, Barber Financial Group Inc. bought a new position in shares of UnitedHealth Group in the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 85.66% of the company’s stock.
Shares of UNH stock traded up $1.04 during trading hours on Friday, hitting $224.77. 2,645,020 shares of the company’s stock were exchanged, compared to its average volume of 4,519,363. The company has a market capitalization of $208.59 billion, a PE ratio of 17.45, a PEG ratio of 1.17 and a beta of 0.60. UnitedHealth Group Inc has a 12-month low of $208.07 and a 12-month high of $287.94. The business’s 50 day simple moving average is $227.48 and its 200-day simple moving average is $240.20. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.62.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 EPS for the quarter, topping the consensus estimate of $3.46 by $0.14. The firm had revenue of $60.60 billion for the quarter, compared to the consensus estimate of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $3.14 earnings per share. Equities analysts anticipate that UnitedHealth Group Inc will post 14.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, September 13th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.54%.
In other UnitedHealth Group news, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $233.40, for a total transaction of $583,500.00. Following the transaction, the director now directly owns 187,979 shares of the company’s stock, valued at $43,874,298.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Ballard, Jr. sold 12,000 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.31, for a total transaction of $3,063,720.00. Following the transaction, the director now directly owns 61,309 shares in the company, valued at $15,652,800.79. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock worth $5,924,120 over the last three months. Insiders own 0.87% of the company’s stock.
A number of brokerages recently weighed in on UNH. Deutsche Bank began coverage on shares of UnitedHealth Group in a research note on Thursday, September 12th. They issued a “hold” rating and a $263.00 target price on the stock. Royal Bank of Canada set a $311.00 target price on shares of UnitedHealth Group and gave the company a “buy” rating in a research note on Friday, July 19th. BMO Capital Markets downgraded shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $292.00 to $249.00 in a research note on Monday, September 30th. Morgan Stanley lowered their target price on shares of UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating on the stock in a research note on Thursday, September 26th. Finally, Credit Suisse Group set a $293.00 target price on shares of UnitedHealth Group and gave the company a “buy” rating in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $283.78.
UnitedHealth Group Company 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 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.
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