Secured Retirement Advisors LLC Sells 5,314 Shares of UnitedHealth Group Incorporated $UNH

by · The Markets Daily

Secured Retirement Advisors LLC reduced its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 74.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,792 shares of the healthcare conglomerate’s stock after selling 5,314 shares during the period. Secured Retirement Advisors LLC’s holdings in UnitedHealth Group were worth $619,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UNH. Johnson & White Wealth Management LLC grew its position in UnitedHealth Group by 65.0% in the third quarter. Johnson & White Wealth Management LLC now owns 3,494 shares of the healthcare conglomerate’s stock valued at $1,206,000 after acquiring an additional 1,376 shares during the period. Whitener Capital Management Inc. acquired a new stake in shares of UnitedHealth Group during the 3rd quarter worth about $227,000. Weinberger Asset Management Inc boosted its position in UnitedHealth Group by 3.2% in the third quarter. Weinberger Asset Management Inc now owns 2,131 shares of the healthcare conglomerate’s stock valued at $736,000 after buying an additional 67 shares in the last quarter. Gemmer Asset Management LLC acquired a new stake in shares of UnitedHealth Group during the third quarter worth approximately $233,000. Finally, Marshall & Sullivan Inc. WA boosted its holdings in shares of UnitedHealth Group by 2.5% in the 3rd quarter. Marshall & Sullivan Inc. WA now owns 12,229 shares of the healthcare conglomerate’s stock worth $4,223,000 after acquiring an additional 298 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors.

UnitedHealth Group Stock Performance

Shares of UnitedHealth Group stock opened at $327.08 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 0.82. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $606.36. The firm has a fifty day moving average of $334.20 and a two-hundred day moving average of $318.80. The stock has a market capitalization of $296.28 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.13 and a beta of 0.43.

UnitedHealth Group (NYSE:UNH – Get Free Report) last released its earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.05. The firm had revenue of $113.16 billion for the quarter, compared to analyst estimates of $113.19 billion. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.15 earnings per share. As a group, equities research analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th were paid a $2.21 dividend. This represents a $8.84 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, December 8th. UnitedHealth Group’s dividend payout ratio is presently 46.14%.

Analyst Upgrades and Downgrades

UNH has been the subject of several research analyst reports. Bank of America lifted their price objective on UnitedHealth Group from $350.00 to $390.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of UnitedHealth Group from $325.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Wells Fargo & Company upped their target price on shares of UnitedHealth Group from $267.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Leerink Partners set a $410.00 price objective on UnitedHealth Group and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on UnitedHealth Group from $310.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Seventeen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, UnitedHealth Group currently has an average rating of “Hold” and an average target price of $385.54.

Read Our Latest Report on UNH

UnitedHealth Group Profile

(Free Report)

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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