UnitedHealth Group Inc (NYSE:UNH) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Friday, March 9th will be paid a dividend of 0.75 per share by the healthcare conglomerate on Tuesday, March 20th. This represents a $3.00 annualized dividend and a yield of 1.31%.
UnitedHealth Group has increased 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 30.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect UnitedHealth Group to earn $14.01 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 21.4%.
Shares of UnitedHealth Group (NYSE:UNH) opened at $228.78 on Thursday. UnitedHealth Group has a twelve month low of $156.49 and a twelve month high of $250.79. The company has a market capitalization of $219,311.13, a P/E ratio of 22.48, a P/E/G ratio of 1.32 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.58.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The firm had revenue of $52.06 billion for the quarter, compared to analysts’ expectations of $51.57 billion. During the same quarter in the previous year, the company earned $2.11 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. analysts expect that UnitedHealth Group will post 12.51 EPS for the current year.
In other UnitedHealth Group news, CEO Larry C. Renfro sold 22,598 shares of UnitedHealth Group stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the transaction, the chief executive officer now directly owns 195,314 shares in the company, valued at approximately $43,310,879.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michele J. Hooper sold 5,000 shares of UnitedHealth Group stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $222.20, for a total transaction of $1,111,000.00. Following the transaction, the director now owns 36,989 shares in the company, valued at $8,218,955.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,396 shares of company stock worth $12,262,067. Corporate insiders own 0.89% of the company’s stock.
Several institutional investors have recently bought and sold shares of UNH. Arrowstreet Capital Limited Partnership grew its holdings in shares of UnitedHealth Group by 30.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,303,068 shares of the healthcare conglomerate’s stock valued at $241,615,000 after acquiring an additional 300,744 shares in the last quarter. Kingdon Capital Management L.L.C. purchased a new position in shares of UnitedHealth Group during the 2nd quarter valued at $13,841,000. Bank of Nova Scotia grew its holdings in shares of UnitedHealth Group by 7.8% during the 2nd quarter. Bank of Nova Scotia now owns 447,793 shares of the healthcare conglomerate’s stock valued at $83,030,000 after acquiring an additional 32,405 shares in the last quarter. Polaris Capital Management LLC grew its holdings in shares of UnitedHealth Group by 11.1% during the 2nd quarter. Polaris Capital Management LLC now owns 233,355 shares of the healthcare conglomerate’s stock valued at $43,269,000 after acquiring an additional 23,400 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of UnitedHealth Group by 6.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 367,044 shares of the healthcare conglomerate’s stock valued at $68,070,000 after acquiring an additional 22,428 shares in the last quarter. Institutional investors and hedge funds own 86.00% of the company’s stock.
Several equities research analysts recently commented on the company. Oppenheimer boosted their target price on UnitedHealth Group from $215.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Morgan Stanley boosted their target price on UnitedHealth Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Leerink Swann reissued a “buy” rating and set a $240.00 target price (up previously from $225.00) on shares of UnitedHealth Group in a report on Wednesday, October 18th. Argus boosted their target price on UnitedHealth Group from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Mizuho reissued a “buy” rating on shares of UnitedHealth Group in a report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. UnitedHealth Group presently has a consensus rating of “Buy” and an average target price of $243.22.
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About UnitedHealth Group
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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