Drucker Wealth 3.0 LLC Buys 43 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Drucker Wealth 3.0 LLC grew its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 2.1% during the third quarter, Holdings Channel.com reports. The fund owned 2,129 shares of the healthcare conglomerate’s stock after purchasing an additional 43 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in UnitedHealth Group were worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UNH. Hamilton Capital LLC grew its position in UnitedHealth Group by 5.3% in the 3rd quarter. Hamilton Capital LLC now owns 572 shares of the healthcare conglomerate’s stock worth $323,000 after purchasing an additional 29 shares in the last quarter. SGL Investment Advisors Inc. bought a new position in shares of UnitedHealth Group in the third quarter valued at approximately $1,747,000. Meritage Group LP purchased a new position in UnitedHealth Group in the third quarter worth $17,540,000. EWA LLC increased its position in shares of UnitedHealth Group by 15.7% during the 3rd quarter. EWA LLC now owns 1,110 shares of the healthcare conglomerate’s stock valued at $659,000 after purchasing an additional 151 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank boosted its holdings in shares of UnitedHealth Group by 2.1% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 14,020 shares of the healthcare conglomerate’s stock worth $8,197,000 after buying an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UNH shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of UnitedHealth Group from $595.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Cantor Fitzgerald boosted their price objective on UnitedHealth Group from $591.00 to $644.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America lowered their price target on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. TD Cowen boosted their target price on shares of UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, UBS Group decreased their price objective on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, UnitedHealth Group has a consensus rating of “Moderate Buy” and an average price target of $626.84.

UnitedHealth Group Trading Down 5.1 %

UNH stock opened at $549.62 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. UnitedHealth Group Incorporated has a one year low of $436.38 and a one year high of $630.73. The company’s 50 day moving average price is $586.84 and its two-hundred day moving average price is $559.07. The company has a market capitalization of $505.80 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 1.61 and a beta of 0.58.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, topping the consensus estimate of $7.00 by $0.15. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. The firm had revenue of $100.82 billion for the quarter, compared to the consensus estimate of $99.14 billion. During the same quarter in the previous year, the business earned $6.56 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts predict that UnitedHealth Group Incorporated will post 27.63 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. Stockholders of record on Monday, December 9th will be paid a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, December 9th. UnitedHealth Group’s dividend payout ratio (DPR) is 54.72%.

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.