Reston Wealth Management LLC Makes New Investment in UnitedHealth Group Incorporated (NYSE:UNH)

Reston Wealth Management LLC acquired a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 203 shares of the healthcare conglomerate’s stock, valued at approximately $119,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNH. WFA Asset Management Corp raised its stake in shares of UnitedHealth Group by 44.0% during the 1st quarter. WFA Asset Management Corp now owns 265 shares of the healthcare conglomerate’s stock valued at $131,000 after buying an additional 81 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in UnitedHealth Group by 20.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 10,867 shares of the healthcare conglomerate’s stock valued at $5,376,000 after acquiring an additional 1,857 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of UnitedHealth Group by 3.2% during the 1st quarter. J.W. Cole Advisors Inc. now owns 5,221 shares of the healthcare conglomerate’s stock worth $2,583,000 after purchasing an additional 161 shares during the period. Findlay Park Partners LLP lifted its stake in shares of UnitedHealth Group by 31.6% in the 1st quarter. Findlay Park Partners LLP now owns 570,026 shares of the healthcare conglomerate’s stock valued at $281,992,000 after purchasing an additional 137,000 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in UnitedHealth Group during the first quarter valued at $5,944,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UNH shares. KeyCorp started coverage on UnitedHealth Group in a research report on Friday, October 11th. They set an “overweight” rating and a $675.00 target price on the stock. TD Cowen boosted their price objective on UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley dropped their price target on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. HSBC downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Bank of America decreased their price target on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $615.53.

UnitedHealth Group Stock Performance

NYSE:UNH opened at $564.40 on Friday. The firm has a market capitalization of $521.18 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.65 and a beta of 0.58. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.88. The company’s 50-day moving average is $582.30 and its two-hundred day moving average is $540.65. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $608.63.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating analysts’ consensus estimates of $7.00 by $0.15. The company had revenue of $100.82 billion for the quarter, compared to the consensus estimate of $99.14 billion. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.56 earnings per share. Analysts forecast that UnitedHealth Group Incorporated will post 27.61 EPS for the current year.

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Monday, September 16th were given a dividend of $2.10 per share. The ex-dividend date was Monday, September 16th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.49%. UnitedHealth Group’s payout ratio is currently 54.72%.

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.