UnitedHealth Group Incorporated (NYSE:UNH) Stock Position Raised by Tang Capital Management LLC

Tang Capital Management LLC lifted its position in UnitedHealth Group Incorporated (NYSE:UNH) by 62.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,308 shares of the healthcare conglomerate’s stock after acquiring an additional 886 shares during the quarter. Tang Capital Management LLC’s holdings in UnitedHealth Group were worth $1,168,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Waycross Partners LLC lifted its position in UnitedHealth Group by 2.4% in the 4th quarter. Waycross Partners LLC now owns 27,794 shares of the healthcare conglomerate’s stock worth $14,060,000 after buying an additional 658 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in UnitedHealth Group in the 4th quarter worth approximately $515,000. Full Sail Capital LLC lifted its position in UnitedHealth Group by 2.1% in the 4th quarter. Full Sail Capital LLC now owns 1,612 shares of the healthcare conglomerate’s stock worth $815,000 after buying an additional 33 shares in the last quarter. Lmcg Investments LLC lifted its position in UnitedHealth Group by 11.8% in the 4th quarter. Lmcg Investments LLC now owns 37,974 shares of the healthcare conglomerate’s stock worth $19,210,000 after buying an additional 4,022 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of UnitedHealth Group during the 4th quarter worth $39,413,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Insider Transactions at UnitedHealth Group

In other news, Director Kristen Gil purchased 3,700 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $271.17 per share, with a total value of $1,003,329.00. Following the acquisition, the director now directly owns 3,818 shares of the company’s stock, valued at approximately $1,035,327.06. This trade represents a 3,135.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen J. Hemsley purchased 86,700 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average cost of $288.57 per share, with a total value of $25,019,019.00. Following the completion of the acquisition, the chief executive officer now directly owns 679,493 shares in the company, valued at $196,081,295.01. The trade was a 14.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 109,408 shares of company stock valued at $31,607,768. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on UNH shares. Wells Fargo & Company dropped their price target on shares of UnitedHealth Group from $677.00 to $351.00 and set an “overweight” rating on the stock in a research note on Wednesday. KeyCorp dropped their price target on shares of UnitedHealth Group from $575.00 to $450.00 and set an “overweight” rating on the stock in a research note on Wednesday. Mizuho dropped their price target on shares of UnitedHealth Group from $515.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada dropped their price target on shares of UnitedHealth Group from $525.00 to $355.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, StockNews.com upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, UnitedHealth Group has a consensus rating of “Moderate Buy” and a consensus target price of $486.00.

UnitedHealth Group Price Performance

Shares of UnitedHealth Group stock opened at $291.24 on Friday. 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 Incorporated has a fifty-two week low of $248.88 and a fifty-two week high of $630.73. The firm has a fifty day moving average price of $470.82 and a two-hundred day moving average price of $513.60. The company has a market cap of $264.20 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.37 and a beta of 0.56.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 EPS for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.09). The business had revenue of $109.58 billion for the quarter, compared to the consensus estimate of $111.56 billion. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. During the same period in the previous year, the business posted $6.91 earnings per share. Analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Monday, March 10th. UnitedHealth Group’s payout ratio is 35.18%.

UnitedHealth Group 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.