BlackRock Fund Advisors recently announced the acquisition of new stake in Unitedhealth Group Inc (NYSE:UNH). The institutional investor has increased its shareholding in the Healthcare company by 0.40% to 44.43 million shares with purchase of 0.17 million shares. This fresh investment now brings its stake to 4.80% valued currently at $23.39 billion. In addition, Wellington Management Co. LLP raised its holdings by 0.53 million to 25.22 million shares. And Geode Capital Management LLC has lifted its position by 1.85% or 0.32 million shares – to 17.87 million shares.
Currently, there are 934.00M common shares owned by the public and among those 923.30M shares have been available to trade.
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Insiders at the company have transacted a total of 164 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 114 of these insider trades were purchases, accounting for 270,625 shares. Insider sales of the common stock occurred on 50 occasions, with total insider shares sold totaling 340,455 shares.
The top 3 mutual fund holders in Unitedhealth Group Inc are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR S&P 500 ETF Trust. Vanguard Total Stock Market ETF owns 29.03 million shares of the company’s stock, all valued at over $15.28 billion. The company sold 3153.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund bought 8204.0 shares to see its total holdings expand to 22.59 million shares valued at over $11.89 billion and representing 2.44% of the shares outstanding. SPDR S&P 500 ETF Trust sold 62037.0 shares to bring its total holdings to over 11.32 million shares at a value of $5.96 billion. SPDR S&P 500 ETF Trust now owns shares totaling to 1.22% of the shares outstanding.
However, the script later moved the day high at 513.57, up 1.87%. The company’s stock has a 5-day price change of -1.63% and -3.51% over the past three months. UNH shares are trading -2.56% year to date (YTD), with the 12-month market performance up to 5.91% higher. It has a 12-month low price of $445.68 and touched a high of $554.70 over the same period. UNH has an average intraday trading volume of 3.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.77%, -4.26%, and 1.25% respectively.
Institutional ownership of Unitedhealth Group Inc (NYSE: UNH) shares accounts for 88.89% of the company’s 934.00M shares outstanding. Mutual fund holders own 37.09%, while other institutional holders and individual stakeholders account for 52.42% and 1.79% respectively.
It has a market capitalization of $474.47B and a beta (3y monthly) value of 0.55. The stock’s trailing 12-month PE ratio is 21.51, while the earnings-per-share (ttm) stands at $23.85. The company has a PEG of 1.70 and the debt-to-equity ratio at 0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 1.76% over the month.
Analysts forecast that Unitedhealth Group Inc (UNH) will achieve an EPS of $United States Natural Gas Fund for the current quarter, $4.92 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Union Pacific Corporation while analysts give the company a high EPS estimate of $Unum Group. Comparatively, EPS for the current quarter was $UMH Properties, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 10.70%, and 12.64% over the next financial year. EPS should shrink at an annualized rate of 12.66% over the next five years, compared to 14.37% over the past 5-year period.
Looking at the support for the UNH, a number of firms have released research notes about the stock. HSBC Securities stated their Reduce rating for the stock in a research note on December 18, 2023, with the firm’s price target at $550-$480.
