NuWave Investment Management LLC Takes Position in UnitedHealth Group Incorporated (NYSE:UNH)



NuWave Investment Management LLC purchased a new stake in shares of UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm 754 shares of the healthcare conglomerate’s purchased stock, valued at approximately $385,000.

A number of other hedge funds have also recently modified their holdings of the business. Palisades Hudson Asset Management LP lifted its stake in UnitedHealth Group by 2.0% during the fourth quarter. Palisades Hudson Asset Management LP now owns 1,078 shares of the healthcare conglomerate’s stock worth $542,000 after purchasing an additional 21 shares during the last quarter. Charter Oak Capital Management LLC lifted its stake in UnitedHealth Group by 2.4% during the fourth quarter. Charter Oak Capital Management LLC now owns 881 shares of the healthcare conglomerate’s stock worth $442,000 after purchasing an additional 21 during the last quarter. Oxford Financial Group Ltd. lifted its stake in UnitedHealth Group by 3.0% during the fourth quarter. Oxford Financial Group Ltd. Now owns 720 shares of the healthcare conglomerate’s stock worth $362,000 after purchasing an additional 21 shares during the last quarter. Donald L. Hagan LLC lifted its stake in UnitedHealth Group by 1.2% during the fourth quarter. Donald L. Hagan LLC now owns 1,854 shares of the healthcare conglomerate’s stock worth $931,000 after purchasing an additional 22 shares during the last quarter. Finally, Guardian Wealth Advisors LLC lifted its stake in UnitedHealth Group by 2.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,075 shares of the healthcare conglomerate’s stock worth $540,000 after purchasing an additional 22 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

UNH has been the subject of several analyst reports. Oppenheimer increased their target price on UnitedHealth Group from $550.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, April 18th. StockNews.com initiated coverage on shares of UnitedHealth Group in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of UnitedHealth Group from $482.00 to $549.00 and gave the company a “buy” rating in a report on Monday, April 18th. Credit Suisse Group upped their price target on shares of UnitedHealth Group from $564.00 to $595.00 and gave the company an “outperform” rating in a report on Monday, April 18th. Finally, Raymond James upped their price target on shares of UnitedHealth Group from $540.00 to $620.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 19th. Three equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $555.73.

In other UnitedHealth Group news, Director Frederick William Mcnabb III bought 89 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were acquired at an average cost of $504.32 per share, for a total transaction of $44,884.48. Following the purchase, the director now owns 11,259 shares in the company, valued at approximately $5,678,138.88. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $478.96, for a total value of $1,197,400.00. Following the completion of the sale, the director now directly owns 1,215,000 shares of the company’s stock, valued at approximately $581,936,400. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Shares of UnitedHealth Group stock opened at $489.68 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.78. The company has a 50-day moving average of $496.56 and a 200 day moving average of $490.86. The firm has a market cap of $459.40 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.41 and a beta of 0.83. UnitedHealth Group Incorporated has a 1 year low of $383.12 and a 1 year high of $553.29.

UnitedHealth Group (NYSE:UNH – Get Rating) last issued its quarterly earnings results on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.09. The company had revenue of $80.15 billion during the quarter, compared to analyst estimates of $78.77 billion. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. UnitedHealth Group’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $5.31 EPS. On average, equities analysts anticipate that UnitedHealth Group Incorporated will post 21.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be paid a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.35%. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date is Thursday, June 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 36.12%.

UnitedHealth Group Company Profile (Get Rating)

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 well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children’s health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)



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