Range Financial Group LLC Invests $285,000 in UnitedHealth Group Incorporated (NYSE:UNH)

Range Financial Group LLC acquired a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 563 shares of the healthcare conglomerate’s stock, valued at approximately $285,000.

Other hedge funds have also recently modified their holdings of the company. One Wealth Capital Management LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at about $584,000. Diversified Trust Co boosted its holdings in shares of UnitedHealth Group by 14.1% in the fourth quarter. Diversified Trust Co now owns 49,745 shares of the healthcare conglomerate’s stock valued at $25,164,000 after acquiring an additional 6,158 shares during the period. Bangor Savings Bank increased its holdings in shares of UnitedHealth Group by 7.5% in the 4th quarter. Bangor Savings Bank now owns 804 shares of the healthcare conglomerate’s stock valued at $407,000 after acquiring an additional 56 shares during the period. Canandaigua National Trust Co of Florida boosted its stake in UnitedHealth Group by 16.0% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 875 shares of the healthcare conglomerate’s stock worth $443,000 after purchasing an additional 121 shares during the period. Finally, Ables Iannone Moore & Associates Inc. raised its holdings in shares of UnitedHealth Group by 1.0% in the fourth quarter. Ables Iannone Moore & Associates Inc. now owns 3,848 shares of the healthcare conglomerate’s stock valued at $1,947,000 after buying an additional 37 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Trading Up 0.0 %

Shares of UNH opened at $513.84 on Wednesday. The firm has a 50 day simple moving average of $557.79 and a 200-day simple moving average of $561.72. The stock has a market cap of $472.88 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $630.73.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, beating the consensus estimate of $7.00 by $0.15. The firm had revenue of $100.82 billion during the quarter, compared to the consensus estimate of $99.14 billion. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.56 EPS. Equities analysts forecast that UnitedHealth Group Incorporated will post 27.61 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were paid a $2.10 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 1.63%. UnitedHealth Group’s payout ratio is currently 54.72%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen boosted their price target on UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a research report on Friday, October 18th. KeyCorp began coverage on shares of UnitedHealth Group in a research report on Friday, October 11th. They issued an “overweight” rating and a $675.00 price objective on the stock. Oppenheimer raised their target price on shares of UnitedHealth Group from $610.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. StockNews.com raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Cantor Fitzgerald boosted their target price on UnitedHealth Group from $591.00 to $644.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, UnitedHealth Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $627.58.

UnitedHealth Group Profile

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.