Investment Analysis: Compass Wealth Management LLC Decreases Position in UnitedHealth Group Incorporated
Are you interested in investing in healthcare stocks? If so, you may want to take a closer look at UnitedHealth Group Incorporated (NYSE:UNH). This healthcare conglomerate has been making waves in the industry, and many Wall Street analysts are forecasting growth for the company.
In the first quarter, Compass Wealth Management LLC reduced its position in UnitedHealth Group by 18.4%, but other large investors have been making moves as well. Richelieu Gestion SA, CGC Financial Services LLC, True Wealth Design LLC, LFA Lugano Financial Advisors SA, and Transcendent Capital Group LLC have all made changes to their positions in the company.
Wall Street analysts have been weighing in on UNH stock, with many giving it positive ratings and target prices. Robert W. Baird, Morgan Stanley, Bank of America, HSBC, and Wells Fargo & Company are just a few of the firms that have provided ratings and target prices for UnitedHealth Group.
Despite the positive outlook from analysts, UnitedHealth Group stock was down 1.7% recently. However, the company has a strong financial position, with a market capitalization of $442.75 billion and a solid track record of revenue growth.
One positive development for investors is that UnitedHealth Group recently increased its dividend. The company will be paying a quarterly dividend of $2.10 per share, up from $1.88 per share previously. This represents a dividend yield of 1.75% and a dividend payout ratio of 51.34%.
Overall, UnitedHealth Group operates as a diversified healthcare company in the United States, offering a range of health benefit plans and services. With a strong financial position, positive analyst ratings, and a growing dividend, UnitedHealth Group may be a stock worth considering for your investment portfolio.
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