Biltmore Family Office LLC Raises Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

Biltmore Family Office LLC grew its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 32.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 735 shares of the healthcare conglomerate’s stock after buying an additional 178 shares during the quarter. Biltmore Family Office LLC’s holdings in UnitedHealth Group were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its stake in UnitedHealth Group by 20.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 10,867 shares of the healthcare conglomerate’s stock worth $5,376,000 after purchasing an additional 1,857 shares during the last quarter. Quent Capital LLC grew its position in UnitedHealth Group by 5.5% during the 1st quarter. Quent Capital LLC now owns 4,196 shares of the healthcare conglomerate’s stock worth $2,076,000 after acquiring an additional 217 shares during the last quarter. EntryPoint Capital LLC bought a new stake in UnitedHealth Group in the first quarter valued at approximately $75,000. Bank of Nova Scotia Trust Co. increased its stake in shares of UnitedHealth Group by 6.7% in the first quarter. Bank of Nova Scotia Trust Co. now owns 17,220 shares of the healthcare conglomerate’s stock worth $8,519,000 after buying an additional 1,080 shares during the period. Finally, GUARDCAP ASSET MANAGEMENT Ltd boosted its position in UnitedHealth Group by 2.5% during the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 998,921 shares of the healthcare conglomerate’s stock valued at $494,166,000 after buying an additional 23,970 shares during the period. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Hsbc Global Res lowered shares of UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. StockNews.com cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group reduced their price objective on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. KeyCorp began coverage on shares of UnitedHealth Group in a research note on Friday, October 11th. They set an “overweight” rating and a $675.00 target price on the stock. Finally, Barclays reduced their target price on UnitedHealth Group from $604.00 to $603.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, UnitedHealth Group currently has an average rating of “Moderate Buy” and a consensus target price of $615.53.

UnitedHealth Group Stock Performance

Shares of UNH opened at $597.56 on Friday. The company has a market cap of $549.92 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of 1.69 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. UnitedHealth Group Incorporated has a 12 month low of $436.38 and a 12 month high of $630.73. The business’s fifty day simple moving average is $582.70 and its two-hundred day simple moving average is $551.92.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The business had revenue of $100.82 billion for the quarter, compared to analysts’ expectations of $99.14 billion. During the same quarter in the prior year, the business earned $6.56 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Research analysts anticipate that UnitedHealth Group Incorporated will post 27.6 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be issued a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, December 9th. UnitedHealth Group’s payout ratio is currently 54.72%.

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.