BridgePort Financial Solutions LLC Has $521,000 Holdings in UnitedHealth Group Incorporated $UNH

BridgePort Financial Solutions LLC increased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 8.7% in the second quarter, Holdings Channel reports. The firm owned 1,669 shares of the healthcare conglomerate’s stock after buying an additional 133 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in UnitedHealth Group were worth $521,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in UNH. Checchi Capital Advisers LLC grew its stake in UnitedHealth Group by 29.0% in the second quarter. Checchi Capital Advisers LLC now owns 22,816 shares of the healthcare conglomerate’s stock valued at $7,118,000 after acquiring an additional 5,123 shares during the period. Diligent Investors LLC grew its stake in UnitedHealth Group by 32.8% in the second quarter. Diligent Investors LLC now owns 1,394 shares of the healthcare conglomerate’s stock valued at $435,000 after acquiring an additional 344 shares during the period. Bank Hapoalim BM grew its stake in UnitedHealth Group by 154.0% in the second quarter. Bank Hapoalim BM now owns 3,888 shares of the healthcare conglomerate’s stock valued at $1,213,000 after acquiring an additional 2,357 shares during the period. AMF Tjanstepension AB grew its stake in UnitedHealth Group by 30.1% in the second quarter. AMF Tjanstepension AB now owns 309,549 shares of the healthcare conglomerate’s stock valued at $96,629,000 after acquiring an additional 71,585 shares during the period. Finally, Future Financial Wealth Managment LLC grew its stake in UnitedHealth Group by 164.9% in the second quarter. Future Financial Wealth Managment LLC now owns 1,486 shares of the healthcare conglomerate’s stock valued at $464,000 after acquiring an additional 925 shares during the period. 87.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UNH. Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 target price on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Royal Bank Of Canada reduced their price objective on UnitedHealth Group from $355.00 to $286.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Morgan Stanley upped their price objective on UnitedHealth Group from $325.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. KeyCorp reduced their price objective on UnitedHealth Group from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Finally, Baird R W cut UnitedHealth Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 31st. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $358.95.

UnitedHealth Group Stock Performance

UNH opened at $360.17 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day simple moving average is $307.84 and its 200 day simple moving average is $354.55. The firm has a market capitalization of $326.20 billion, a PE ratio of 15.61, a PEG ratio of 2.34 and a beta of 0.47. UnitedHealth Group Incorporated has a 52-week low of $234.60 and a 52-week high of $630.73.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.45 by ($0.37). The business had revenue of $111.62 billion during the quarter, compared to the consensus estimate of $111.75 billion. UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. UnitedHealth Group’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.80 EPS. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, sell-side analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 15th were paid a $2.21 dividend. The ex-dividend date was Monday, September 15th. This represents a $8.84 annualized dividend and a yield of 2.5%. UnitedHealth Group’s dividend payout ratio is currently 38.30%.

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.