UnitedHealth Group Incorporated $UNH Position Lifted by Torray Investment Partners LLC

Torray Investment Partners LLC raised its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 126.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,337 shares of the healthcare conglomerate’s stock after acquiring an additional 27,539 shares during the quarter. UnitedHealth Group makes up 2.2% of Torray Investment Partners LLC’s portfolio, making the stock its 18th biggest position. Torray Investment Partners LLC’s holdings in UnitedHealth Group were worth $15,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. EPG Wealth Management LLC boosted its holdings in shares of UnitedHealth Group by 12.2% in the 2nd quarter. EPG Wealth Management LLC now owns 2,390 shares of the healthcare conglomerate’s stock valued at $746,000 after buying an additional 259 shares during the period. Sigma Planning Corp boosted its holdings in shares of UnitedHealth Group by 3.9% in the 2nd quarter. Sigma Planning Corp now owns 15,631 shares of the healthcare conglomerate’s stock valued at $4,876,000 after buying an additional 583 shares during the period. South Dakota Investment Council boosted its holdings in shares of UnitedHealth Group by 94.4% in the 2nd quarter. South Dakota Investment Council now owns 126,554 shares of the healthcare conglomerate’s stock valued at $39,481,000 after buying an additional 61,462 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of UnitedHealth Group by 65.6% in the 2nd quarter. iA Global Asset Management Inc. now owns 373,821 shares of the healthcare conglomerate’s stock valued at $116,621,000 after buying an additional 148,097 shares during the period. Finally, Tredje AP fonden boosted its holdings in shares of UnitedHealth Group by 37.1% in the 2nd quarter. Tredje AP fonden now owns 348,834 shares of the healthcare conglomerate’s stock valued at $108,826,000 after buying an additional 94,380 shares during the period. 87.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNH. KeyCorp lifted their price target on shares of UnitedHealth Group from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Oppenheimer cut their price objective on shares of UnitedHealth Group from $400.00 to $325.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 price objective on the stock. in a research report on Wednesday, October 29th. Weiss Ratings upgraded shares of UnitedHealth Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Finally, Bank of America lifted their price objective on shares of UnitedHealth Group from $350.00 to $390.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, UnitedHealth Group has a consensus rating of “Moderate Buy” and an average target price of $397.12.

UnitedHealth Group Stock Down 1.0%

UNH stock opened at $341.46 on Monday. The firm’s 50-day moving average is $343.51 and its two-hundred day moving average is $325.81. The company has a market capitalization of $309.31 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 2.28 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.85 and a debt-to-equity ratio of 0.71. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.05. The company had revenue of $113.16 billion for the quarter, compared to analysts’ expectations of $113.19 billion. UnitedHealth Group had a net margin of 4.04% and a return on equity of 19.23%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.15 EPS. On average, analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were paid a $2.21 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a dividend yield of 2.6%. UnitedHealth Group’s payout ratio is currently 46.14%.

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.