UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by Park National Corp OH

Park National Corp OH cut its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,988 shares of the healthcare conglomerate’s stock after selling 279 shares during the period. Park National Corp OH’s holdings in UnitedHealth Group were worth $1,006,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UNH. Innova Wealth Partners acquired a new position in shares of UnitedHealth Group during the 4th quarter worth $455,000. Range Financial Group LLC acquired a new position in UnitedHealth Group during the fourth quarter worth about $285,000. One Wealth Capital Management LLC acquired a new stake in shares of UnitedHealth Group in the fourth quarter valued at approximately $584,000. Diversified Trust Co raised its position in shares of UnitedHealth Group by 14.1% during the 4th quarter. Diversified Trust Co now owns 49,745 shares of the healthcare conglomerate’s stock worth $25,164,000 after purchasing an additional 6,158 shares during the last quarter. Finally, Bangor Savings Bank grew its holdings in UnitedHealth Group by 7.5% during the 4th quarter. Bangor Savings Bank now owns 804 shares of the healthcare conglomerate’s stock valued at $407,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Stock Performance

Shares of NYSE:UNH opened at $524.14 on Thursday. The company has a market cap of $482.36 billion, a P/E ratio of 34.15, a PEG ratio of 1.53 and a beta of 0.62. UnitedHealth Group Incorporated has a one year low of $436.38 and a one year high of $630.73. The business’s 50-day simple moving average is $557.00 and its 200 day simple moving average is $561.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, beating the consensus estimate of $7.00 by $0.15. The business had revenue of $100.82 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.56 earnings per share. On average, sell-side analysts forecast that UnitedHealth Group Incorporated will post 27.61 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were issued a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 1.60%. UnitedHealth Group’s dividend payout ratio is presently 54.72%.

Analyst Ratings Changes

A number of analysts recently commented on UNH shares. Piper Sandler decreased their price objective on UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. StockNews.com raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada lowered 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 note on Wednesday, October 16th. UBS Group decreased their price objective on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Bank of America decreased their price target on 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 investment 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 stock. Based on data from MarketBeat.com, UnitedHealth Group has an average rating of “Moderate Buy” and a consensus target price of $627.58.

UnitedHealth Group Profile

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.