UnitedHealth Group Incorporated (NYSE:UNH – Get Free Report) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Monday, March 9th will be paid a dividend of 2.21 per share by the healthcare conglomerate on Tuesday, March 17th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 9th.
UnitedHealth Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. UnitedHealth Group has a payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect UnitedHealth Group to earn $33.22 per share next year, which means the company should continue to be able to cover its $8.84 annual dividend with an expected future payout ratio of 26.6%.
UnitedHealth Group Stock Up 3.7%
Shares of NYSE:UNH traded up $10.16 during trading on Wednesday, hitting $284.11. 11,344,041 shares of the company were exchanged, compared to its average volume of 10,460,435. The firm’s 50 day moving average price is $314.46 and its 200-day moving average price is $325.73. UnitedHealth Group has a 12-month low of $234.60 and a 12-month high of $606.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.79 and a quick ratio of 0.82. The stock has a market capitalization of $257.35 billion, a P/E ratio of 21.54, a PEG ratio of 1.30 and a beta of 0.41.
Hedge Funds Weigh In On UnitedHealth Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in UnitedHealth Group in the 4th quarter valued at about $4,376,167,000. Capital Research Global Investors grew its position in shares of UnitedHealth Group by 126.9% in the third quarter. Capital Research Global Investors now owns 13,042,049 shares of the healthcare conglomerate’s stock valued at $4,503,419,000 after purchasing an additional 7,293,009 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in shares of UnitedHealth Group during the 2nd quarter worth approximately $1,572,193,000. Dodge & Cox grew its holdings in UnitedHealth Group by 117.7% during the 2nd quarter. Dodge & Cox now owns 8,750,560 shares of the healthcare conglomerate’s stock valued at $2,729,912,000 after buying an additional 4,730,192 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of UnitedHealth Group by 18.8% in the third quarter. Capital World Investors now owns 21,766,922 shares of the healthcare conglomerate’s stock worth $7,516,107,000 after acquiring an additional 3,439,182 shares during the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.
UnitedHealth Group Company Profile
UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.
UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.
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