FUKOKU MUTUAL LIFE INSURANCE Co Sells 931 Shares of UnitedHealth Group Incorporated $UNH

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 21.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,334 shares of the healthcare conglomerate's stock after selling 931 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in UnitedHealth Group were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

• Snowflake Stock Is on Fire—It’s Still Not Too Late to Buy

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new position in shares of UnitedHealth Group in the second quarter worth about $25,000. Bayforest Capital Ltd increased its position in UnitedHealth Group by 685.7% in the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after buying an additional 48 shares during the period. Islay Capital Management LLC acquired a new position in shares of UnitedHealth Group during the second quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of UnitedHealth Group by 416.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its stake in UnitedHealth Group by 80.9% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 123 shares of the healthcare conglomerate's stock valued at $38,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company's stock.

UnitedHealth Group Stock Performance

UnitedHealth Group stock opened at $309.19 on Thursday. UnitedHealth Group Incorporated has a 52-week low of $234.60 and a 52-week high of $622.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.85. The stock has a fifty day moving average price of $346.20 and a two-hundred day moving average price of $317.57. The firm has a market capitalization of $280.08 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.28 and a beta of 0.47.

• UnitedHealth Group’s Recovery in Full Swing: Buy While It's Down

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.05. UnitedHealth Group had a net margin of 4.04% and a return on equity of 19.23%. The business had revenue of $113.16 billion for the quarter, compared to analyst estimates of $113.19 billion. During the same quarter in the prior year, the firm earned $7.15 EPS. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th will be given a $2.21 dividend. This represents a $8.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, December 8th. UnitedHealth Group's dividend payout ratio (DPR) is presently 46.14%.

Analyst Ratings Changes

• Big Banks Are Setting the Tone as Earnings Season Kicks Off

Several research analysts have recently issued reports on UNH shares. Leerink Partners set a $410.00 price objective on shares of UnitedHealth Group and gave the stock an "outperform" rating in a report on Wednesday, October 29th. Mizuho boosted their price target on UnitedHealth Group from $300.00 to $430.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Wells Fargo & Company lifted their price objective on UnitedHealth Group from $267.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Bank of America upped their target price on UnitedHealth Group from $350.00 to $390.00 and gave the company a "neutral" rating in a research note on Wednesday, October 8th. Finally, Oppenheimer lowered their price target on shares of UnitedHealth Group from $400.00 to $325.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $397.12.

Get Our Latest Stock Analysis on UnitedHealth Group

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.

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