UnitedHealth Group Incorporated (NYSE:UNH) Shares Acquired by Coastal Investment Advisors Inc.


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Coastal Investment Advisors Inc. raised its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,454 shares of the healthcare conglomerate’s stock after purchasing an additional 145 shares during the period. Coastal Investment Advisors Inc.’s holdings in UnitedHealth Group were worth $1,562,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JJJ Advisors Inc. boosted its holdings in UnitedHealth Group by 1,820.0% in the third quarter. JJJ Advisors Inc. now owns 96 shares of the healthcare conglomerate’s stock valued at $30,000 after purchasing an additional 91 shares during the last quarter. Front Row Advisors LLC raised its holdings in UnitedHealth Group by 288.0% in the 3rd quarter. Front Row Advisors LLC now owns 97 shares of the healthcare conglomerate’s stock valued at $33,000 after acquiring an additional 72 shares during the last quarter. Knuff & Co LLC raised its holdings in UnitedHealth Group by 666.7% in the 3rd quarter. Knuff & Co LLC now owns 115 shares of the healthcare conglomerate’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Ossiam increased its holdings in shares of UnitedHealth Group by 42.5% during the 3rd quarter. Ossiam now owns 124 shares of the healthcare conglomerate’s stock worth $39,000 after buying an additional 37 shares during the last quarter. Finally, Old North State Trust LLC acquired a new stake in shares of UnitedHealth Group during the 3rd quarter worth approximately $39,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.

NYSE UNH traded down $2.33 during trading on Wednesday, reaching $355.04. The company’s stock had a trading volume of 1,972,017 shares, compared to its average volume of 3,410,015. UnitedHealth Group Incorporated has a twelve month low of $187.72 and a twelve month high of $367.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.84 and a current ratio of 0.82. The business’s fifty day moving average price is $344.91 and its 200-day moving average price is $322.55. The firm has a market cap of $336.87 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.53 and a beta of 0.68.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.53. UnitedHealth Group had a net margin of 6.62% and a return on equity of 27.53%. The company had revenue of $65.12 billion during the quarter, compared to analysts’ expectations of $63.97 billion. During the same period last year, the company posted $3.88 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that UnitedHealth Group Incorporated will post 16.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Monday, December 7th were issued a $1.25 dividend. The ex-dividend date was Friday, December 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.41%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.09%.

In other news, EVP Marianne D. Short sold 9,993 shares of the firm’s stock in a transaction that occurred on Tuesday, January 5th. The shares were sold at an average price of $348.69, for a total transaction of $3,484,459.17. Also, Director Stephen J. Hemsley sold 98,579 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $329.47, for a total transaction of $32,478,823.13. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,253 shares of company stock valued at $43,485,730. 0.80% of the stock is currently owned by corporate insiders.

A number of equities analysts recently weighed in on UNH shares. BMO Capital Markets increased their price objective on shares of UnitedHealth Group from $385.00 to $395.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 2nd. They noted that the move was a valuation call. Royal Bank of Canada increased their price objective on shares of UnitedHealth Group from $384.00 to $389.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Truist increased their price objective on shares of UnitedHealth Group from $400.00 to $420.00 in a research report on Tuesday, January 5th. SVB Leerink increased their price objective on shares of UnitedHealth Group from $378.00 to $390.00 and gave the stock an “outperform” rating in a research report on Monday, December 14th. Finally, Oppenheimer increased their price objective on shares of UnitedHealth Group from $353.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. UnitedHealth Group currently has a consensus rating of “Buy” and a consensus target price of $383.50.

About UnitedHealth Group

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; Medicaid plans, Children's Health Insurance Program, and health care programs; medical and dental benefits; and health care delivery.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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