IAG Wealth Partners LLC Has $75,000 Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

IAG Wealth Partners LLC cut its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156 shares of the healthcare conglomerate’s stock after selling 39 shares during the quarter. IAG Wealth Partners LLC’s holdings in UnitedHealth Group were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zullo Investment Group Inc. lifted its position in UnitedHealth Group by 0.7% in the second quarter. Zullo Investment Group Inc. now owns 3,001 shares of the healthcare conglomerate’s stock worth $1,443,000 after buying an additional 20 shares during the last quarter. Northern Financial Advisors Inc increased its stake in UnitedHealth Group by 0.6% in the second quarter. Northern Financial Advisors Inc now owns 3,381 shares of the healthcare conglomerate’s stock worth $1,625,000 after purchasing an additional 20 shares during the period. Addison Advisors LLC increased its stake in UnitedHealth Group by 9.0% in the second quarter. Addison Advisors LLC now owns 241 shares of the healthcare conglomerate’s stock worth $116,000 after purchasing an additional 20 shares during the period. Signet Financial Management LLC increased its stake in UnitedHealth Group by 2.2% in the first quarter. Signet Financial Management LLC now owns 964 shares of the healthcare conglomerate’s stock worth $491,000 after purchasing an additional 21 shares during the period. Finally, Financial Partners Group Inc increased its stake in UnitedHealth Group by 4.3% in the fourth quarter. Financial Partners Group Inc now owns 509 shares of the healthcare conglomerate’s stock worth $252,000 after purchasing an additional 21 shares during the period. 85.69% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Erin Mcsweeney sold 4,498 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $544.28, for a total transaction of $2,448,171.44. Following the transaction, the executive vice president now owns 9,218 shares in the company, valued at approximately $5,017,173.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Stephen J. Hemsley sold 121,515 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $540.58, for a total value of $65,688,578.70. Following the completion of the sale, the director now directly owns 521,818 shares of the company’s stock, valued at approximately $282,084,374.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Erin Mcsweeney sold 4,498 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $544.28, for a total value of $2,448,171.44. Following the completion of the sale, the executive vice president now directly owns 9,218 shares of the company’s stock, valued at $5,017,173.04. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

UNH has been the topic of several research reports. Stephens restated an “overweight” rating and set a $560.00 price target on shares of UnitedHealth Group in a research note on Friday, August 11th. Royal Bank of Canada lifted their target price on UnitedHealth Group from $572.00 to $596.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. HSBC initiated coverage on UnitedHealth Group in a research note on Wednesday, September 6th. They issued a “hold” rating and a $540.00 target price on the stock. Piper Sandler lifted their target price on UnitedHealth Group from $580.00 to $584.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $591.00 price target on shares of UnitedHealth Group in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $578.30.

UnitedHealth Group Price Performance

Shares of UNH traded down $2.53 during trading hours on Monday, hitting $533.76. 372,897 shares of the stock were exchanged, compared to its average volume of 3,281,283. The stock’s 50-day moving average price is $519.50 and its two-hundred day moving average price is $498.50. UnitedHealth Group Incorporated has a 12-month low of $445.68 and a 12-month high of $553.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $493.69 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.63.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Friday, October 13th. The healthcare conglomerate reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.23. UnitedHealth Group had a return on equity of 26.58% and a net margin of 6.02%. The firm had revenue of $92.36 billion for the quarter, compared to analyst estimates of $91.41 billion. During the same quarter in the prior year, the company earned $5.79 EPS. UnitedHealth Group’s revenue was up 14.2% on a year-over-year basis. Research analysts expect that UnitedHealth Group Incorporated will post 24.94 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, December 4th will be issued a $1.88 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $7.52 dividend on an annualized basis and a dividend yield of 1.41%. UnitedHealth Group’s payout ratio is currently 32.64%.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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.