Blue Square Asset Management LLC significantly increased its stake in UnitedHealth Group Incorporated during the second quarter, according to a recent filing with the Securities and Exchange Commission. The asset management firm now owns 3,708 shares of UnitedHealth Group, up 141.9% from the previous quarter. This places UnitedHealth Group as the 18th largest position in Blue Square’s investment portfolio, making up approximately 1.3% of its holdings. The value of Blue Square’s stake in UnitedHealth Group is estimated at $1,782,000.
Other institutional investors have also made adjustments to their holdings in the healthcare conglomerate. Chelsea Counsel Co. acquired a new stake in the company in the fourth quarter, while 25 LLC, Freedom Wealth Alliance LLC, Cascade Investment Advisors Inc., and Kalos Management Inc. all purchased new stakes in the first quarter. Overall, institutional investors now hold 85.69% of UnitedHealth Group’s stock.
Meanwhile, UnitedHealth Group’s CEO, Andrew Witty, recently sold 4,000 shares of the company’s stock, worth around $2,024,760. Insider activity currently accounts for 0.35% of the company’s stock ownership.
UnitedHealth Group has experienced positive trading, with the stock trading up 1.1%. It opened at $516.03 on Friday, with a market capitalization of $478.00 billion. The company has a PE ratio of 23.09 and a beta of 0.64. Its 50-day moving average price is $496.32 and its 200-day moving average price is $489.75. The stock has a one-year low of $445.68 and a one-year high of $558.10. The debt-to-equity ratio is 0.68, and the quick ratio and current ratio are both 0.80.
UnitedHealth Group recently announced its quarterly earnings data, reporting $6.14 EPS for the quarter, beating analysts’ estimates of $5.92 by $0.22. The company had revenue of $92.90 billion, surpassing analysts’ projections of $90.97 billion. UnitedHealth Group’s net margin is 6.06%, and its return on equity is 26.72%. The company experienced a 15.6% increase in revenue year-over-year.
UnitedHealth Group also declared a quarterly dividend which was paid on September 19th. Investors were paid $1.88 per share, and the annualized dividend is $7.52. The dividend payout ratio currently stands at 33.65%.
Analysts have commented on UnitedHealth Group, with Wells Fargo & Company lowering its price target from $616.00 to $561.00. Sanford C. Bernstein upgraded the stock to an “outperform” rating and increased their target price from $595.00 to $603.00. Deutsche Bank Aktiengesellschaft reduced its target price from $564.00 to $555.00, while Mizuho cut its price objective from $600.00 to $549.00. Stephens reiterated an “overweight” rating and set a $560.00 price target on the company’s stock. Overall, analysts have assigned UnitedHealth Group a consensus rating of “Moderate Buy” and a target price of $575.65.
Definitions and Sources:
– SEC – The Securities and Exchange Commission is a U.S. government agency that protects investors and maintains fair and efficient markets.
– PE ratio – Price-to-earnings ratio is a measure of valuation, calculated by dividing the stock’s current market price by its earnings per share.
– Beta – Beta measures the stock’s volatility, indicating how the stock price moves in relation to the broader market.
– Earnings per share (EPS) – EPS is a company’s net profit divided by the number of outstanding shares, showing how profitable the company is on a per-share basis.
– Dividend payout ratio – The dividend payout ratio is the percentage of earnings paid out as dividends to shareholders.
– Market capitalization – Market cap is the total value of a company’s outstanding shares, calculated by multiplying the stock price by the number of shares.
– Moving average – A moving average is a commonly used analysis tool that smooths out price data over a specific time period to identify trends.
– Analyst rating – An analyst rating represents the consensus opinion of financial experts on a stock’s potential performance.
– Revenue – Revenue refers to a company’s total income from its normal business operations.
– Net margin – Net margin is the percentage of revenue that remains as net profit after all expenses have been deducted.
– Return on equity (ROE) – ROE measures a company’s profitability by showing how much profit it generates with the money shareholders have invested.
Sources:
– No URLs provided.
