UnitedHealth Group Incorporated (NYSE:UNH) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 49.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,553 shares of the healthcare conglomerate’s stock after buying an additional 15,032 shares during the period. UnitedHealth Group accounts for approximately 0.8% of Investment Management Corp of Ontario’s portfolio, making the stock its 22nd largest holding. Investment Management Corp of Ontario’s holdings in UnitedHealth Group were worth $23,043,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Investor s Fiduciary Advisor Network LLC acquired a new position in UnitedHealth Group in the 4th quarter valued at about $478,000. Janus Henderson Group PLC boosted its position in UnitedHealth Group by 11.1% in the 4th quarter. Janus Henderson Group PLC now owns 5,507,957 shares of the healthcare conglomerate’s stock valued at $2,786,393,000 after buying an additional 549,658 shares during the period. KKM Financial LLC boosted its holdings in UnitedHealth Group by 3.9% in the fourth quarter. KKM Financial LLC now owns 5,439 shares of the healthcare conglomerate’s stock valued at $2,751,000 after purchasing an additional 206 shares during the period. Humankind Investments LLC increased its holdings in UnitedHealth Group by 1.9% during the 4th quarter. Humankind Investments LLC now owns 2,529 shares of the healthcare conglomerate’s stock worth $1,279,000 after purchasing an additional 47 shares during the period. Finally, Guardian Wealth Advisors LLC NC boosted its stake in shares of UnitedHealth Group by 14.8% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 7,275 shares of the healthcare conglomerate’s stock valued at $3,680,000 after buying an additional 938 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

UnitedHealth Group Price Performance

Shares of NYSE:UNH opened at $380.72 on Friday. UnitedHealth Group Incorporated has a 12 month low of $378.54 and a 12 month high of $630.73. The firm has a market capitalization of $346.54 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.56. The business’s 50 day simple moving average is $488.01 and its 200-day simple moving average is $522.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.09). The firm had revenue of $109.58 billion during the quarter, compared to analysts’ expectations of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same quarter in the prior year, the business earned $6.91 EPS. As a group, equities analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group’s payout ratio is currently 35.18%.

Analyst Ratings Changes

Several research analysts have commented on UNH shares. Raymond James reiterated a “strong-buy” rating and set a $540.00 price target (down previously from $635.00) on shares of UnitedHealth Group in a report on Monday, April 21st. Truist Financial decreased their price target on UnitedHealth Group from $660.00 to $580.00 and set a “buy” rating for the company in a report on Monday, April 21st. StockNews.com upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho boosted their price objective on shares of UnitedHealth Group from $600.00 to $650.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $700.00 price target on shares of UnitedHealth Group in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $596.86.

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.