DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Lowers Position in UnitedHealth Group Incorporated (NYSE:UNH)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its stake in UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,634,706 shares of the healthcare conglomerate’s stock after selling 94,372 shares during the quarter. UnitedHealth Group makes up about 1.7% of DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s investment portfolio, making the stock its 11th largest position. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.28% of UnitedHealth Group worth $1,387,077,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of UNH. Richelieu Gestion SA purchased a new stake in UnitedHealth Group during the fourth quarter valued at $26,000. CGC Financial Services LLC raised its stake in UnitedHealth Group by 1,000.0% during the fourth quarter. CGC Financial Services LLC now owns 55 shares of the healthcare conglomerate’s stock valued at $29,000 after purchasing an additional 50 shares in the last quarter. True Wealth Design LLC purchased a new stake in UnitedHealth Group during the fourth quarter valued at $31,000. LFA Lugano Financial Advisors SA increased its position in UnitedHealth Group by 148.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 67 shares of the healthcare conglomerate’s stock valued at $35,000 after acquiring an additional 40 shares during the last quarter. Finally, O Brien Wealth Partners LLC increased its position in UnitedHealth Group by 36.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 78 shares of the healthcare conglomerate’s stock valued at $41,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Stock Down 0.0 %

Shares of UNH stock traded down $0.05 during mid-day trading on Friday, hitting $497.25. 1,766,179 shares of the stock traded hands, compared to its average volume of 4,142,109. The stock has a market cap of $457.66 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.43 and a beta of 0.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average is $492.73 and its two-hundred day moving average is $506.70. UnitedHealth Group Incorporated has a 52-week low of $436.38 and a 52-week high of $554.70.

UnitedHealth Group (NYSE:UNHGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $6.91 EPS for the quarter, beating the consensus estimate of $6.63 by $0.28. The firm had revenue of $99.80 billion during the quarter, compared to analyst estimates of $99.23 billion. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. UnitedHealth Group’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $6.26 EPS. Equities analysts predict that UnitedHealth Group Incorporated will post 27.57 EPS for the current year.

UnitedHealth Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 17th will be issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.88. UnitedHealth Group’s dividend payout ratio is 45.97%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UNH shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of UnitedHealth Group from $545.00 to $562.00 and gave the company a “buy” rating in a research report on Friday, April 19th. HSBC upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $580.00 price objective on the stock in a research report on Wednesday, June 5th. JPMorgan Chase & Co. upped their price target on shares of UnitedHealth Group from $546.00 to $559.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Wells Fargo & Company cut their price target on shares of UnitedHealth Group from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Finally, Piper Sandler upped their price target on shares of UnitedHealth Group from $566.00 to $571.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and an average target price of $578.75.

Read Our Latest Stock Analysis on UNH

About UnitedHealth Group

(Free Report)

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.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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