Redhawk Wealth Advisors Inc. Sells 121 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Redhawk Wealth Advisors Inc. decreased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 16.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 637 shares of the healthcare conglomerate’s stock after selling 121 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in UnitedHealth Group were worth $334,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Waycross Partners LLC grew its holdings in UnitedHealth Group by 2.4% during the 4th quarter. Waycross Partners LLC now owns 27,794 shares of the healthcare conglomerate’s stock worth $14,060,000 after acquiring an additional 658 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in UnitedHealth Group during the 4th quarter worth about $515,000. Full Sail Capital LLC lifted its position in UnitedHealth Group by 2.1% during the 4th quarter. Full Sail Capital LLC now owns 1,612 shares of the healthcare conglomerate’s stock valued at $815,000 after purchasing an additional 33 shares during the period. Soros Fund Management LLC acquired a new position in UnitedHealth Group during the 4th quarter valued at about $39,413,000. Finally, Silvercrest Asset Management Group LLC lifted its position in UnitedHealth Group by 47.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 38,796 shares of the healthcare conglomerate’s stock valued at $19,625,000 after purchasing an additional 12,550 shares during the period. Institutional investors own 87.86% of the company’s stock.

Analyst Ratings Changes

UNH has been the topic of a number of research reports. Wall Street Zen downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Morgan Stanley cut their target price on shares of UnitedHealth Group from $563.00 to $374.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 14th. TD Securities reiterated a “hold” rating and issued a $308.00 price target (down from $520.00) on shares of UnitedHealth Group in a research report on Monday, May 19th. TD Cowen downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating and set a $308.00 price target on the stock. in a research report on Monday, May 19th. Finally, Barclays cut their price target on shares of UnitedHealth Group to $350.00 and set an “overweight” rating on the stock in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, UnitedHealth Group has an average rating of “Moderate Buy” and an average target price of $426.52.

Insiders Place Their Bets

In related news, Director Kristen Gil acquired 3,700 shares of UnitedHealth Group stock in a transaction 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 completion of the transaction, the director now directly owns 3,818 shares in the company, valued at $1,035,327.06. This trade represents a 3,135.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy Patrick Flynn bought 1,533 shares of UnitedHealth Group stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average cost of $320.80 per share, with a total value of $491,786.40. Following the transaction, the director now owns 6,033 shares of the company’s stock, valued at $1,935,386.40. This trade represents a 34.07% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 109,408 shares of company stock valued at $31,607,768 over the last ninety days. 0.28% of the stock is currently owned by company insiders.

UnitedHealth Group Price Performance

NYSE:UNH opened at $310.70 on Thursday. UnitedHealth Group Incorporated has a 1-year low of $248.88 and a 1-year high of $630.73. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $395.60 and a 200 day simple moving average of $478.20. The stock has a market capitalization of $281.85 billion, a PE ratio of 20.05, a P/E/G ratio of 1.37 and a beta of 0.45.

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

UnitedHealth Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Monday, June 16th will be given a dividend of $2.21 per share. This represents a $8.84 dividend on an annualized basis and a yield of 2.85%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend is Monday, June 16th. UnitedHealth Group’s payout ratio is 37.02%.

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.