Snider Financial Group Buys 938 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Snider Financial Group raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 16.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,580 shares of the healthcare conglomerate’s stock after purchasing an additional 938 shares during the quarter. UnitedHealth Group comprises about 1.0% of Snider Financial Group’s investment portfolio, making the stock its 29th biggest holding. Snider Financial Group’s holdings in UnitedHealth Group were worth $3,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new stake in shares of UnitedHealth Group during the fourth quarter valued at approximately $1,198,000. Carrera Capital Advisors raised its position in UnitedHealth Group by 9.3% during the fourth quarter. Carrera Capital Advisors now owns 553 shares of the healthcare conglomerate’s stock valued at $280,000 after acquiring an additional 47 shares in the last quarter. Victory Capital Management Inc. grew its holdings in UnitedHealth Group by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 627,739 shares of the healthcare conglomerate’s stock valued at $317,548,000 after purchasing an additional 22,788 shares during the period. Keybank National Association OH raised its position in shares of UnitedHealth Group by 0.6% during the 4th quarter. Keybank National Association OH now owns 197,617 shares of the healthcare conglomerate’s stock worth $99,967,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Alley Investment Management Company LLC grew its holdings in shares of UnitedHealth Group by 0.5% during the fourth quarter. Alley Investment Management Company LLC now owns 15,501 shares of the healthcare conglomerate’s stock worth $7,842,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Hsbc Global Res upgraded shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Stephens boosted their target price on UnitedHealth Group from $605.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Truist Financial lowered their target price on shares of UnitedHealth Group from $625.00 to $610.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Oppenheimer raised their price target on UnitedHealth Group from $610.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $629.32.

UnitedHealth Group Stock Performance

NYSE UNH opened at $474.58 on Wednesday. The company has a market capitalization of $436.74 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.83. The company has a 50-day simple moving average of $515.18 and a 200 day simple moving average of $555.37. UnitedHealth Group Incorporated has a 52-week low of $436.38 and a 52-week high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $100.81 billion for the quarter, compared to analysts’ expectations of $101.60 billion. During the same period last year, the firm posted $5.83 EPS. UnitedHealth Group’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, March 10th. UnitedHealth Group’s payout ratio is currently 54.19%.

Insiders Place Their Bets

In other news, Director Timothy Patrick Flynn purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $511.57 per share, for a total transaction of $511,570.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company’s stock, valued at approximately $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

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.