UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC raised its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 28.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,609 shares of the healthcare conglomerate’s stock after purchasing an additional 577 shares during the quarter. Evergreen Wealth Management LLC’s holdings in UnitedHealth Group were worth $1,525,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UNH. KPP Advisory Services LLC lifted its holdings in shares of UnitedHealth Group by 1.2% during the 3rd quarter. KPP Advisory Services LLC now owns 3,502 shares of the healthcare conglomerate’s stock valued at $2,048,000 after acquiring an additional 42 shares in the last quarter. Maxwell Wealth Strategies Inc. lifted its holdings in shares of UnitedHealth Group by 26.2% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 3,872 shares of the healthcare conglomerate’s stock valued at $2,196,000 after acquiring an additional 804 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of UnitedHealth Group by 11.0% during the 3rd quarter. Natixis Advisors LLC now owns 742,935 shares of the healthcare conglomerate’s stock valued at $434,380,000 after acquiring an additional 73,515 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in UnitedHealth Group during the 3rd quarter worth $241,000. Finally, Meridian Investment Counsel Inc. purchased a new stake in UnitedHealth Group during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UNH. Royal Bank of Canada dropped their target price on shares of UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating for the company in a research report on Wednesday, October 16th. HSBC cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Cantor Fitzgerald increased their price objective on shares of UnitedHealth Group from $591.00 to $644.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Hsbc Global Res cut shares of UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Morgan Stanley reduced their price target on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, UnitedHealth Group presently has an average rating of “Moderate Buy” and a consensus price target of $615.53.

UnitedHealth Group Stock Performance

NYSE:UNH traded down $0.92 during midday trading on Friday, reaching $592.23. The stock had a trading volume of 3,423,919 shares, compared to its average volume of 3,888,996. 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 stock has a market capitalization of $545.02 billion, a P/E ratio of 38.58, a PEG ratio of 1.78 and a beta of 0.58. The firm’s fifty day simple moving average is $582.84 and its 200-day simple moving average is $549.06. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $630.73.

UnitedHealth Group (NYSE:UNH) last posted 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. The company had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $6.56 EPS. On average, equities research analysts forecast that UnitedHealth Group Incorporated will post 27.61 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The company 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. This represents a $8.40 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, December 9th. UnitedHealth Group’s dividend payout ratio is currently 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.