Towerpoint Wealth LLC Has $427,000 Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Towerpoint Wealth LLC decreased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 845 shares of the healthcare conglomerate’s stock after selling 60 shares during the quarter. Towerpoint Wealth LLC’s holdings in UnitedHealth Group were worth $427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in UnitedHealth Group by 15.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,784 shares of the healthcare conglomerate’s stock worth $6,467,000 after purchasing an additional 1,668 shares during the last quarter. MPS Loria Financial Planners LLC lifted its position in UnitedHealth Group by 0.5% during the 4th quarter. MPS Loria Financial Planners LLC now owns 7,229 shares of the healthcare conglomerate’s stock worth $3,657,000 after buying an additional 35 shares in the last quarter. Paradigm Strategies in Wealth Management LLC grew its holdings in shares of UnitedHealth Group by 28.1% in the 4th quarter. Paradigm Strategies in Wealth Management LLC now owns 1,116 shares of the healthcare conglomerate’s stock valued at $565,000 after acquiring an additional 245 shares in the last quarter. Heritage Family Offices LLP raised its holdings in UnitedHealth Group by 5.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,797 shares of the healthcare conglomerate’s stock worth $1,415,000 after acquiring an additional 147 shares in the last quarter. Finally, Flywheel Private Wealth LLC bought a new position in UnitedHealth Group in the fourth quarter valued at approximately $287,000. 87.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UNH. Cantor Fitzgerald raised their target price on shares of UnitedHealth Group from $591.00 to $644.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. TD Cowen boosted their price objective on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Stephens lifted their price target on UnitedHealth Group from $605.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Piper Sandler cut their price objective on UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Finally, KeyCorp initiated coverage on UnitedHealth Group in a research note on Friday, October 11th. They issued an “overweight” rating and a $675.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $626.79.

UnitedHealth Group Stock Down 6.0 %

Shares of UNH opened at $511.02 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $470.28 billion, a PE ratio of 33.29, a P/E/G ratio of 1.42 and a beta of 0.62. The firm’s 50 day moving average is $553.38 and its 200-day moving average is $562.98. UnitedHealth Group Incorporated has a 12 month low of $436.38 and a 12 month high of $630.73.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.07. The firm had revenue of $100.81 billion during the quarter, compared to the consensus estimate of $101.60 billion. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $5.83 EPS. Equities research analysts forecast that UnitedHealth Group Incorporated will post 27.6 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were paid a $2.10 dividend. The ex-dividend date was Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a yield of 1.64%. UnitedHealth Group’s dividend payout ratio (DPR) is 54.72%.

About UnitedHealth Group

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.