Capital Asset Advisory Services LLC Boosts Position in UnitedHealth Group Incorporated (NYSE:UNH)

Capital Asset Advisory Services LLC increased its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,343 shares of the healthcare conglomerate’s stock after buying an additional 760 shares during the period. Capital Asset Advisory Services LLC’s holdings in UnitedHealth Group were worth $3,767,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in UnitedHealth Group by 34.4% in the 4th quarter. Blue Trust Inc. now owns 14,013 shares of the healthcare conglomerate’s stock worth $7,089,000 after buying an additional 3,584 shares during the period. Drive Wealth Management LLC increased its position in UnitedHealth Group by 4.6% during the 4th quarter. Drive Wealth Management LLC now owns 3,068 shares of the healthcare conglomerate’s stock valued at $1,552,000 after purchasing an additional 135 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in UnitedHealth Group by 2.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,916 shares of the healthcare conglomerate’s stock valued at $3,498,000 after purchasing an additional 133 shares during the period. Novare Capital Management LLC increased its position in UnitedHealth Group by 1.0% during the 4th quarter. Novare Capital Management LLC now owns 46,688 shares of the healthcare conglomerate’s stock valued at $23,618,000 after purchasing an additional 451 shares during the period. Finally, Harrell Investment Partners LLC increased its position in UnitedHealth Group by 104.5% during the 4th quarter. Harrell Investment Partners LLC now owns 13,713 shares of the healthcare conglomerate’s stock valued at $6,937,000 after purchasing an additional 7,007 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy Patrick Flynn purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $511.57 per share, with a total value of $511,570.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $2,302,065. The trade was a 28.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on UNH shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of UnitedHealth Group from $595.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. UBS Group lowered their price target on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Cantor Fitzgerald restated an “overweight” rating and issued a $700.00 price target on shares of UnitedHealth Group in a report on Friday, January 17th. Truist Financial lowered their price target on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Hsbc Global Res upgraded shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $627.74.

UnitedHealth Group Stock Performance

Shares of NYSE UNH opened at $532.26 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a 12 month low of $436.38 and a 12 month high of $630.73. The company has a 50 day simple moving average of $541.04 and a two-hundred day simple moving average of $564.34. The stock has a market cap of $489.83 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.41 and a beta of 0.62.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.07. The firm had revenue of $100.81 billion during the quarter, compared to analyst estimates of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $5.83 EPS. As a group, analysts predict that UnitedHealth Group Incorporated will post 29.74 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, December 9th. UnitedHealth Group’s payout ratio is presently 54.19%.

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.