Ninety One SA PTY Ltd Acquires 84 Shares of UnitedHealth Group Inc (NYSE:UNH)

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Ninety One SA PTY Ltd grew its holdings in UnitedHealth Group Inc (NYSE:UNH) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,416 shares of the healthcare conglomerate’s stock after acquiring an additional 84 shares during the quarter. UnitedHealth Group accounts for 1.4% of Ninety One SA PTY Ltd’s portfolio, making the stock its 13th largest holding. Ninety One SA PTY Ltd’s holdings in UnitedHealth Group were worth $3,590,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Plancorp LLC grew its position in UnitedHealth Group by 13.8% during the second quarter. Plancorp LLC now owns 9,530 shares of the healthcare conglomerate’s stock worth $2,811,000 after buying an additional 1,158 shares in the last quarter. O Shares Investment Advisers LLC grew its holdings in shares of UnitedHealth Group by 13.0% during the 2nd quarter. O Shares Investment Advisers LLC now owns 41,058 shares of the healthcare conglomerate’s stock worth $12,110,000 after purchasing an additional 4,728 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of UnitedHealth Group by 20.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 51,371 shares of the healthcare conglomerate’s stock valued at $15,152,000 after purchasing an additional 8,855 shares during the period. Cim Investment Mangement Inc. raised its stake in shares of UnitedHealth Group by 3.8% in the first quarter. Cim Investment Mangement Inc. now owns 4,401 shares of the healthcare conglomerate’s stock valued at $1,098,000 after purchasing an additional 163 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in UnitedHealth Group by 14.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,058 shares of the healthcare conglomerate’s stock worth $312,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

In related news, EVP Marianne D. Short sold 10,336 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $312.34, for a total value of $3,228,346.24. Also, CFO John F. Rex sold 22,174 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $308.43, for a total transaction of $6,839,126.82. Following the completion of the sale, the chief financial officer now owns 157,847 shares in the company, valued at $48,684,750.21. The disclosure for this sale can be found here. Insiders sold a total of 128,522 shares of company stock worth $39,886,448 over the last 90 days. 0.80% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on UNH shares. Mizuho reissued a “buy” rating and issued a $315.00 price target on shares of UnitedHealth Group in a report on Wednesday, July 15th. Royal Bank of Canada increased their price target on shares of UnitedHealth Group from $341.00 to $384.00 in a research report on Thursday, July 16th. Piper Sandler raised their price target on shares of UnitedHealth Group from $339.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Goldman Sachs Group assumed coverage on UnitedHealth Group in a research note on Friday, June 5th. They issued a “buy” rating and a $384.00 price objective on the stock. Finally, Deutsche Bank raised their target price on UnitedHealth Group from $293.00 to $312.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $339.52.

Shares of UNH traded down $1.34 during trading hours on Tuesday, hitting $307.23. 1,795,500 shares of the stock traded hands, compared to its average volume of 4,434,936. The business has a fifty day moving average of $311.63 and a 200-day moving average of $288.18. The firm has a market capitalization of $293.25 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68. UnitedHealth Group Inc has a 1-year low of $187.72 and a 1-year high of $324.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.60.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Wednesday, July 15th. The healthcare conglomerate reported $7.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.28 by $1.84. UnitedHealth Group had a net margin of 6.90% and a return on equity of 29.28%. The company had revenue of $62.10 billion for the quarter, compared to the consensus estimate of $63.54 billion. During the same period in the prior year, the company posted $3.60 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts expect that UnitedHealth Group Inc will post 16.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, September 11th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 33.09%.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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