Los Angeles Capital Management LLC Sells 214,831 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Los Angeles Capital Management LLC decreased its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 39.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 325,004 shares of the healthcare conglomerate’s stock after selling 214,831 shares during the quarter. UnitedHealth Group comprises about 0.8% of Los Angeles Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Los Angeles Capital Management LLC’s holdings in UnitedHealth Group were worth $190,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its holdings in shares of UnitedHealth Group by 20.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 10,867 shares of the healthcare conglomerate’s stock worth $5,376,000 after acquiring an additional 1,857 shares during the last quarter. Quent Capital LLC increased its holdings in shares of UnitedHealth Group by 5.5% during the 1st quarter. Quent Capital LLC now owns 4,196 shares of the healthcare conglomerate’s stock worth $2,076,000 after acquiring an additional 217 shares during the last quarter. Reynders McVeigh Capital Management LLC grew its holdings in UnitedHealth Group by 5.6% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 760 shares of the healthcare conglomerate’s stock valued at $376,000 after buying an additional 40 shares in the last quarter. Choate Investment Advisors grew its holdings in UnitedHealth Group by 15.6% in the 1st quarter. Choate Investment Advisors now owns 26,644 shares of the healthcare conglomerate’s stock valued at $13,181,000 after buying an additional 3,592 shares in the last quarter. Finally, NorthRock Partners LLC lifted its position in shares of UnitedHealth Group by 21.0% during the 1st quarter. NorthRock Partners LLC now owns 8,114 shares of the healthcare conglomerate’s stock valued at $4,014,000 after acquiring an additional 1,408 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Cantor Fitzgerald upped their target price on UnitedHealth Group from $591.00 to $644.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Hsbc Global Res downgraded UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Morgan Stanley dropped their price objective on UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Truist Financial reaffirmed a “buy” rating and issued a $625.00 target price (down previously from $640.00) on shares of UnitedHealth Group in a report on Wednesday, October 16th. Finally, StockNews.com cut UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $615.53.

UnitedHealth Group Trading Up 1.7 %

NYSE UNH traded up $10.36 during trading hours on Friday, hitting $615.81. 3,875,838 shares of the company’s stock were exchanged, compared to its average volume of 3,660,167. The stock has a 50-day simple moving average of $581.93 and a 200 day simple moving average of $545.44. The firm has a market cap of $566.72 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 1.81 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $619.80.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. The business had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. During the same quarter in the prior year, the company earned $6.56 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities analysts forecast that UnitedHealth Group Incorporated will post 27.61 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be issued a dividend of $2.10 per share. The ex-dividend date is Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a yield of 1.36%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 54.72%.

UnitedHealth Group Company 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.