UnitedHealth Group Incorporated (UNH) Declares Quarterly Dividend of $0.75
UnitedHealth Group Incorporated (NYSE:UNH) announced a quarterly dividend on Wednesday, August 16th, RTT News reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.75 per share by the healthcare conglomerate on Tuesday, September 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.54%.
UnitedHealth Group has raised its dividend by an average of 31.2% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. UnitedHealth Group has a dividend payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Analysts expect UnitedHealth Group to earn $10.80 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 27.8%.
UnitedHealth Group (NYSE UNH) traded down 0.28% during midday trading on Wednesday, reaching $193.96. The company had a trading volume of 273,352 shares. UnitedHealth Group has a 1-year low of $132.39 and a 1-year high of $196.04. The firm’s 50 day moving average is $189.87 and its 200 day moving average is $175.41. The stock has a market capitalization of $187.53 billion, a PE ratio of 23.30 and a beta of 0.64.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.08. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The company had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. During the same period last year, the company posted $1.96 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that UnitedHealth Group will post $9.87 EPS for the current fiscal year.
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In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now owns 76,058 shares in the company, valued at approximately $14,753,730.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gail R. Wilensky sold 5,540 shares of UnitedHealth Group stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $178.74, for a total transaction of $990,219.60. Following the completion of the transaction, the director now owns 60,516 shares in the company, valued at approximately $10,816,629.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,540 shares of company stock worth $2,873,320. 0.89% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in UNH. Intellectus Partners LLC raised its position in shares of UnitedHealth Group by 18.2% in the second quarter. Intellectus Partners LLC now owns 818 shares of the healthcare conglomerate’s stock worth $152,000 after buying an additional 126 shares during the period. Sunbelt Securities Inc. bought a new position in shares of UnitedHealth Group during the second quarter worth $218,000. M&R Capital Management Inc. raised its position in shares of UnitedHealth Group by 14.8% in the second quarter. M&R Capital Management Inc. now owns 1,550 shares of the healthcare conglomerate’s stock worth $299,000 after buying an additional 200 shares during the period. Coldstream Capital Management Inc. raised its position in shares of UnitedHealth Group by 37.8% in the second quarter. Coldstream Capital Management Inc. now owns 1,698 shares of the healthcare conglomerate’s stock worth $315,000 after buying an additional 466 shares during the period. Finally, Highland Private Wealth Management raised its position in shares of UnitedHealth Group by 0.4% in the second quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock worth $593,000 after buying an additional 13 shares during the period. Institutional investors own 86.21% of the company’s stock.
UNH has been the subject of a number of research analyst reports. Vetr raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, May 15th. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $199.00 target price for the company in a report on Tuesday, May 30th. BidaskClub raised shares of UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Morgan Stanley increased their target price on shares of UnitedHealth Group from $202.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Finally, Mizuho increased their target price on shares of UnitedHealth Group from $178.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $202.20.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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