Clarity Financial LLC Makes New Investment in UnitedHealth Group Incorporated (NYSE:UNH)

Clarity Financial LLC bought a new position in UnitedHealth Group Incorporated (NYSE:UNHGet Rating) during the 4th quarter, Holdings Channel reports. The institutional investor bought 405 shares of the healthcare conglomerate’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UNH. Outfitter Financial LLC acquired a new stake in UnitedHealth Group in the 4th quarter valued at $25,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of UnitedHealth Group during the fourth quarter valued at about $29,000. Annapolis Financial Services LLC lifted its position in shares of UnitedHealth Group by 57.9% during the third quarter. Annapolis Financial Services LLC now owns 90 shares of the healthcare conglomerate’s stock worth $35,000 after purchasing an additional 33 shares during the last quarter. Level Financial Advisors Inc. bought a new position in shares of UnitedHealth Group during the fourth quarter worth about $45,000. Finally, McClarren Financial Advisors Inc. lifted its position in shares of UnitedHealth Group by 324.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 106 shares of the healthcare conglomerate’s stock worth $53,000 after purchasing an additional 81 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

UNH has been the topic of several research analyst reports. Oppenheimer increased their price target on shares of UnitedHealth Group from $550.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets increased their price target on shares of UnitedHealth Group from $510.00 to $600.00 and gave the stock a “market perform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of UnitedHealth Group from $482.00 to $549.00 and gave the stock a “buy” rating in a report on Monday. Barclays lifted their price target on UnitedHealth Group from $495.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. Finally, Truist Financial lifted their price target on UnitedHealth Group from $575.00 to $610.00 in a report on Thursday, April 7th. Two equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $542.13.

In related news, Director Richard T. Burke sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $508.80, for a total value of $1,526,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard T. Burke sold 4,000 shares of UnitedHealth Group stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $511.14, for a total transaction of $2,044,560.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,000 shares of company stock worth $11,123,890. Company insiders own 0.55% of the company’s stock.

Shares of UNH stock traded up $5.16 on Tuesday, hitting $539.24. The company’s stock had a trading volume of 49,757 shares, compared to its average volume of 3,406,219. The stock has a market capitalization of $507.37 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 1.67 and a beta of 0.88. UnitedHealth Group Incorporated has a fifty-two week low of $383.12 and a fifty-two week high of $553.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.79. The firm’s fifty day moving average price is $499.32 and its 200-day moving average price is $473.49.

UnitedHealth Group (NYSE:UNHGet Rating) last announced its earnings results on Thursday, April 14th. The healthcare conglomerate reported $5.49 EPS for the quarter, topping the consensus estimate of $5.38 by $0.11. The firm had revenue of $80.15 billion for the quarter, compared to the consensus estimate of $78.77 billion. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.31 EPS. Analysts predict that UnitedHealth Group Incorporated will post 21.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Monday, March 14th were paid a $1.45 dividend. The ex-dividend date of this dividend was Friday, March 11th. This represents a $5.80 dividend on an annualized basis and a yield of 1.08%. UnitedHealth Group’s payout ratio is currently 31.75%.

About UnitedHealth Group (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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