UnitedHealth Group Incorporated (NYSE:UNH) Stock Position Raised by First Business Financial Services Inc.

First Business Financial Services Inc. grew its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,370 shares of the healthcare conglomerate’s stock after acquiring an additional 127 shares during the period. First Business Financial Services Inc.’s holdings in UnitedHealth Group were worth $2,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dearborn Partners LLC acquired a new position in shares of UnitedHealth Group during the 3rd quarter valued at about $294,000. CIBC Asset Management Inc raised its position in shares of UnitedHealth Group by 6.1% in the third quarter. CIBC Asset Management Inc now owns 379,492 shares of the healthcare conglomerate’s stock valued at $221,779,000 after purchasing an additional 21,669 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in UnitedHealth Group by 15.2% in the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 4,932 shares of the healthcare conglomerate’s stock valued at $2,884,000 after buying an additional 650 shares during the last quarter. Broderick Brian C boosted its holdings in UnitedHealth Group by 0.5% during the third quarter. Broderick Brian C now owns 21,497 shares of the healthcare conglomerate’s stock valued at $12,569,000 after acquiring an additional 100 shares during the period. Finally, Oak Harbor Wealth Partners LLC increased its stake in shares of UnitedHealth Group by 7.4% in the third quarter. Oak Harbor Wealth Partners LLC now owns 1,869 shares of the healthcare conglomerate’s stock worth $1,093,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on UNH. UBS Group cut their target price on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. HSBC lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. TD Cowen boosted their price objective on UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a research report on Friday, October 18th. KeyCorp started coverage on shares of UnitedHealth Group in a report on Friday, October 11th. They issued an “overweight” rating and a $675.00 price target on the stock. Finally, Bank of America lowered their target price on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $615.53.

UnitedHealth Group Price Performance

Shares of NYSE UNH opened at $593.30 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $582.99 and a 200-day moving average of $548.03. The stock has a market capitalization of $546.00 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.78 and a beta of 0.58. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating analysts’ consensus estimates of $7.00 by $0.15. The firm had revenue of $100.82 billion during the quarter, compared to analysts’ expectations of $99.14 billion. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.56 earnings per share. As a group, sell-side analysts predict that UnitedHealth Group Incorporated will post 27.61 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, December 9th. UnitedHealth Group’s dividend payout ratio is presently 54.72%.

About UnitedHealth Group

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.