North Point Portfolio Managers Corp OH Reduces Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

North Point Portfolio Managers Corp OH cut its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,774 shares of the healthcare conglomerate’s stock after selling 822 shares during the period. UnitedHealth Group accounts for 2.2% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 22nd largest holding. North Point Portfolio Managers Corp OH’s holdings in UnitedHealth Group were worth $12,532,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UNH. McLean Asset Management Corp raised its stake in UnitedHealth Group by 3.1% during the 4th quarter. McLean Asset Management Corp now owns 2,142 shares of the healthcare conglomerate’s stock valued at $1,083,000 after purchasing an additional 65 shares during the period. Webster Bank N. A. grew its holdings in UnitedHealth Group by 3.7% during the 4th quarter. Webster Bank N. A. now owns 1,982 shares of the healthcare conglomerate’s stock valued at $1,003,000 after buying an additional 71 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of UnitedHealth Group by 6.2% during the 4th quarter. Pacer Advisors Inc. now owns 73,275 shares of the healthcare conglomerate’s stock valued at $37,067,000 after buying an additional 4,295 shares in the last quarter. Center For Asset Management LLC increased its position in UnitedHealth Group by 46.0% during the fourth quarter. Center For Asset Management LLC now owns 609 shares of the healthcare conglomerate’s stock valued at $308,000 after acquiring an additional 192 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its stake in shares of UnitedHealth Group by 1.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 12,230 shares of the healthcare conglomerate’s stock worth $6,187,000 after purchasing an additional 190 shares during the period. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Stock Performance

Shares of UNH stock opened at $532.26 on Monday. The business’s fifty day simple moving average is $541.04 and its 200-day simple moving average is $564.79. UnitedHealth Group Incorporated has a 12-month low of $436.38 and a 12-month high of $630.73. The company has a market cap of $489.83 billion, a PE ratio of 34.34, a PEG ratio of 1.41 and a beta of 0.62. 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 (NYSE:UNH) last announced its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, beating the consensus estimate of $6.74 by $0.07. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The firm had revenue of $100.81 billion during the quarter, compared to analyst estimates of $101.60 billion. During the same period last year, the firm posted $5.83 EPS. UnitedHealth Group’s revenue was up 6.8% on a year-over-year basis. Analysts expect that UnitedHealth Group Incorporated will post 29.74 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

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

Wall Street Analysts Forecast Growth

UNH has been the subject of several analyst reports. UBS Group dropped their target price on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price objective on UnitedHealth Group from $595.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. StockNews.com raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada lowered their price objective on shares of UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating for the company in a research report on Wednesday, October 16th. Finally, Piper Sandler decreased their price target on shares of UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. One 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. According to MarketBeat, UnitedHealth Group currently has an average rating of “Buy” and an average price target of $627.74.

Insider Activity

In related news, Director Timothy Patrick Flynn bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $511.57 per share, with a total value of $511,570.00. Following the completion of the acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $2,302,065. The trade was a 28.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company’s stock.

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.