UnitedHealth Group Incorporated $UNH Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. lifted its position in UnitedHealth Group Incorporated (NYSE:UNH) by 53.9% in the second quarter, HoldingsChannel reports. The firm owned 226,153 shares of the healthcare conglomerate’s stock after buying an additional 79,235 shares during the period. UnitedHealth Group makes up about 1.1% of Maverick Capital Ltd.’s portfolio, making the stock its 29th biggest holding. Maverick Capital Ltd.’s holdings in UnitedHealth Group were worth $70,553,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UNH. LFA Lugano Financial Advisors SA acquired a new position in UnitedHealth Group in the second quarter valued at approximately $25,000. Bayforest Capital Ltd lifted its stake in shares of UnitedHealth Group by 685.7% in the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate’s stock valued at $29,000 after purchasing an additional 48 shares during the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of UnitedHealth Group during the 2nd quarter worth about $29,000. Islay Capital Management LLC acquired a new position in UnitedHealth Group in the second quarter valued at about $31,000. Finally, Kilter Group LLC acquired a new stake in shares of UnitedHealth Group during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UNH shares. Morgan Stanley lifted their target price on shares of UnitedHealth Group from $325.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Royal Bank Of Canada boosted their price objective on UnitedHealth Group from $286.00 to $408.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Sanford C. Bernstein lifted their target price on UnitedHealth Group from $433.00 to $440.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Mizuho increased their price target on shares of UnitedHealth Group from $300.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Jefferies Financial Group upped their target price on shares of UnitedHealth Group from $317.00 to $409.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Seventeen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $385.54.

UnitedHealth Group Stock Performance

NYSE:UNH opened at $336.54 on Friday. The firm has a market capitalization of $304.85 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.14 and a beta of 0.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average price is $340.21 and its 200 day moving average price is $316.59. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $606.36.

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

UnitedHealth Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 8th will be paid a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, December 8th. UnitedHealth Group’s dividend payout ratio (DPR) 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.