UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department lowered its position in UnitedHealth Group Incorporated (NYSE:UNH) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,722 shares of the healthcare conglomerate’s stock after selling 1,032 shares during the quarter. UnitedHealth Group accounts for approximately 0.9% of State of Tennessee Treasury Department’s holdings, making the stock its 23rd biggest holding. State of Tennessee Treasury Department’s holdings in UnitedHealth Group were worth $194,576,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Apeiron RIA LLC lifted its holdings in UnitedHealth Group by 0.8% in the first quarter. Apeiron RIA LLC now owns 2,581 shares of the healthcare conglomerate’s stock valued at $1,222,000 after buying an additional 20 shares during the period. Signet Financial Management LLC grew its position in shares of UnitedHealth Group by 2.2% during the 1st quarter. Signet Financial Management LLC now owns 964 shares of the healthcare conglomerate’s stock worth $491,000 after buying an additional 21 shares during the period. Financial Partners Group Inc boosted its stake in UnitedHealth Group by 4.3% during the 4th quarter. Financial Partners Group Inc now owns 509 shares of the healthcare conglomerate’s stock worth $252,000 after acquiring an additional 21 shares during the last quarter. Platform Technology Partners raised its holdings in UnitedHealth Group by 0.7% in the first quarter. Platform Technology Partners now owns 3,251 shares of the healthcare conglomerate’s stock worth $1,536,000 after purchasing an additional 21 shares during the period. Finally, Carmichael Hill & Associates Inc. increased its position in shares of UnitedHealth Group by 11.4% in the 1st quarter. Carmichael Hill & Associates Inc. now owns 206 shares of the healthcare conglomerate’s stock valued at $97,000 after buying an additional 21 shares in the last quarter. 85.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UnitedHealth Group

In other news, CEO Andrew Witty sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $506.19, for a total value of $2,024,760.00. Following the completion of the sale, the chief executive officer now owns 78,573 shares of the company’s stock, valued at $39,772,866.87. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

UnitedHealth Group Stock Performance

UnitedHealth Group stock traded down $3.32 during midday trading on Friday, reaching $481.49. 432,745 shares of the company’s stock were exchanged, compared to its average volume of 3,435,779. UnitedHealth Group Incorporated has a 52 week low of $445.68 and a 52 week high of $558.10. The firm has a market cap of $446.00 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 1.40 and a beta of 0.66. The stock’s 50-day simple moving average is $491.01 and its 200 day simple moving average is $486.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 0.80.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Friday, July 14th. The healthcare conglomerate reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.92 by $0.22. The business had revenue of $92.90 billion during the quarter, compared to the consensus estimate of $90.97 billion. UnitedHealth Group had a return on equity of 26.72% and a net margin of 6.06%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $5.57 EPS. On average, analysts expect that UnitedHealth Group Incorporated will post 24.83 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, September 11th will be given a $1.88 dividend. This represents a $7.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, September 8th. UnitedHealth Group’s payout ratio is 33.65%.

Analyst Ratings Changes

Several equities research analysts have issued reports on UNH shares. Morgan Stanley restated an “overweight” rating and issued a $587.00 price target on shares of UnitedHealth Group in a report on Friday, July 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of UnitedHealth Group from $564.00 to $555.00 in a research report on Monday, July 17th. StockNews.com began coverage on shares of UnitedHealth Group in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Sanford C. Bernstein raised UnitedHealth Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $595.00 to $603.00 in a research report on Tuesday, July 18th. Finally, Piper Sandler started coverage on UnitedHealth Group in a research report on Thursday, May 25th. They set an “overweight” rating and a $580.00 price target for the company. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $575.65.

UnitedHealth Group Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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.