UnitedHealth Group Inc (NYSE:UNH) announced a quarterly dividend on Friday, November 9th, RTT News reports. Stockholders of record on Monday, December 3rd will be given a dividend of 0.90 per share by the healthcare conglomerate on Thursday, December 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.30%.
UnitedHealth Group has raised its dividend payment by an average of 27.0% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. UnitedHealth Group has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect UnitedHealth Group to earn $14.59 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 24.7%.
UnitedHealth Group stock opened at $276.55 on Friday. The company has a market capitalization of $264.32 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.58 and a beta of 0.78. UnitedHealth Group has a 12 month low of $208.48 and a 12 month high of $278.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.75.
In other UnitedHealth Group news, CEO Steven H. Nelson sold 26,033 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $270.65, for a total value of $7,045,831.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP D Ellen Wilson sold 15,393 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $264.29, for a total value of $4,068,215.97. Following the completion of the sale, the executive vice president now owns 66,402 shares of the company’s stock, valued at $17,549,384.58. The disclosure for this sale can be found here. Insiders have sold 69,568 shares of company stock valued at $18,539,877 over the last quarter. 0.87% of the stock is owned by company insiders.
An institutional investor recently raised its position in UnitedHealth Group stock. Argent Trust Co raised its stake in UnitedHealth Group Inc (NYSE:UNH) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,911 shares of the healthcare conglomerate’s stock after buying an additional 1,061 shares during the quarter. UnitedHealth Group makes up approximately 0.8% of Argent Trust Co’s investment portfolio, making the stock its 15th largest position. Argent Trust Co’s holdings in UnitedHealth Group were worth $3,066,000 as of its most recent filing with the Securities & Exchange Commission. 85.43% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on UnitedHealth Group to $310.00 and gave the company an “outperform” rating in a research report on Thursday, October 18th. Goldman Sachs Group restated a “buy” rating and issued a $277.00 price objective on shares of UnitedHealth Group in a research report on Tuesday, July 17th. Piper Jaffray Companies boosted their price target on UnitedHealth Group to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 17th. Royal Bank of Canada boosted their price target on UnitedHealth Group from $282.00 to $284.00 and gave the stock a “$255.42” rating in a research report on Wednesday, July 18th. Finally, Raymond James boosted their price target on UnitedHealth Group from $304.00 to $310.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $289.41.
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UnitedHealth Group Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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