Donaldson Capital Management Boosts Stake in UnitedHealth Group

Donaldson Capital Management LLC has increased its position in UnitedHealth Group Incorporated (NYSE: UNH) by 5.2% during the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the investment firm now holds 153,730 shares of the healthcare giant, having acquired an additional 7,570 shares in the last quarter. This investment represents approximately 1.7% of Donaldson Capital Management’s total portfolio, making UnitedHealth Group its 25th largest holding, valued at approximately $53,083,000.

Other hedge funds have also adjusted their investments in UnitedHealth Group. Brighton Jones LLC significantly increased its stake by 176.2% in the fourth quarter, now owning 44,249 shares valued at $22,384,000 after purchasing an additional 28,231 shares. Revolve Wealth Partners LLC boosted its shares by 137.1%, now holding 4,019 shares worth $2,033,000 following a purchase of 2,324 shares.

Several other institutional investors have made notable changes as well. CMT Capital Markets Trading GmbH entered the market with a new position valued at approximately $340,000. Additionally, Patriot Financial Group Insurance Agency LLC raised its stake by 42.5%, now owning 5,312 shares valued at $1,657,000 after acquiring 1,583 shares. Montz Harcus Wealth Management LLC increased its stake by 12.2%, now holding 679 shares worth $212,000. Overall, approximately 87.86% of UnitedHealth Group’s stock is owned by hedge funds and institutional investors.

UnitedHealth Group’s Recent Performance

As of March 15, 2024, shares of UnitedHealth Group opened at $287.03. The company has seen a 52-week low of $234.60 and a high of $606.36. Key financial metrics indicate a market capitalization of $260 billion, a price-to-earnings ratio of 21.76, and a beta of 0.42. UnitedHealth Group reported a quick ratio of 0.82, a current ratio of 0.79, and a debt-to-equity ratio of 0.72.

In its latest earnings report released on January 27, 2024, UnitedHealth Group announced earnings per share (EPS) of $2.11, which surpassed analysts’ expectations of $2.09 by $0.02. The company achieved a revenue of $113.22 billion for the quarter, slightly below the forecast of $113.38 billion. This represents a significant 12.3% increase in revenue compared to the same quarter last year. The firm has set its fiscal year 2026 guidance at $17.75 EPS, with analysts projecting an average EPS of $29.54 for the current fiscal year.

Dividend Announcement and Corporate Overview

Recently, UnitedHealth Group declared a quarterly dividend of $2.21 per share, which was paid on December 16, 2023, to investors on record as of December 8, 2023. This brings the annualized dividend to $8.84, yielding approximately 3.1%. The company’s current dividend payout ratio stands at 67.02%.

UnitedHealth Group, headquartered in Minnetonka, Minnesota, is a diversified healthcare company founded in 1977. It operates through two primary business platforms: UnitedHealthcare and Optum. The company provides a wide range of health benefits and services to various stakeholders, including individuals, employers, and government entities. Its operations encompass commercial employer-sponsored plans, Medicare and Medicaid programs, and a variety of services in selected international markets.

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