UnitedHealth Group Incorporated (NYSE:UNH) Stock Holdings Lessened by Cox Capital Mgt LLC

Cox Capital Mgt LLC cut its position in UnitedHealth Group Incorporated (NYSE:UNH) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,542 shares of the healthcare conglomerate’s stock after selling 39 shares during the quarter. UnitedHealth Group comprises 2.8% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 9th biggest position. Cox Capital Mgt LLC’s holdings in UnitedHealth Group were worth $4,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new position in shares of UnitedHealth Group in the 2nd quarter worth $228,000. One Capital Management LLC raised its position in UnitedHealth Group by 67.9% during the second quarter. One Capital Management LLC now owns 4,611 shares of the healthcare conglomerate’s stock valued at $2,348,000 after purchasing an additional 1,864 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of UnitedHealth Group in the 2nd quarter worth about $36,323,000. Luts & Greenleigh Group Inc. purchased a new position in shares of UnitedHealth Group during the 2nd quarter valued at about $408,000. Finally, Lmcg Investments LLC boosted its stake in UnitedHealth Group by 1.9% in the second quarter. Lmcg Investments LLC now owns 32,323 shares of the healthcare conglomerate’s stock worth $16,461,000 after buying an additional 599 shares in the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UNH. Hsbc Global Res raised shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Stephens raised their price objective on UnitedHealth Group from $605.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Truist Financial cut their target price 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. Oppenheimer raised their target price on UnitedHealth Group from $610.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, UBS Group decreased their target price on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $626.79.

UnitedHealth Group Stock Up 0.5 %

UNH stock opened at $543.76 on Wednesday. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $630.73. The firm has a market cap of $500.41 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62. The business has a 50 day moving average of $554.45 and a 200 day moving average of $563.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74.

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

UnitedHealth Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $2.10 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a yield of 1.54%. UnitedHealth Group’s payout ratio is currently 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.