Keybanc Boosts UnitedHealth Group with Positive Coverage Start

On October 11, 2024, Keybanc initiated coverage of UnitedHealth Group (SNSE:UNHCL) with an Overweight recommendation.

Understanding Fund Sentiment

Currently, 5,234 funds or institutions are reporting positions in UnitedHealth Group, representing a slight increase of 27 owners or 0.52% from the last quarter. The average portfolio weight of all funds invested in UNHCL is now at 0.99%, marking a 1.88% rise. Over the past three months, total shares held by these institutions have grown by 5.17% to a total of 939,681K shares.

What Other Shareholders Are Doing

The Vanguard Total Stock Market Index Fund (VTSMX) holds 29,080K shares, giving it a 3.15% ownership stake. This is a slight increase from its previous ownership of 29,075K shares, representing an increase of 0.02%. The firm’s portfolio allocation in UNHCL has risen by 0.12% in the last quarter.

Capital World Investors owns 28,023K shares, accounting for 3.03% ownership. Previously, it held 28,322K shares, reflecting a decrease of 1.07%. However, their portfolio allocation in UNHCL has grown by 0.35%.

Price T Rowe Associates controls 26,021K shares, or 2.82% ownership. This is a slight decrease from 26,063K shares, which represents a drop of 0.16%. The firm’s portfolio allocation in UNHCL increased by 0.34%.

Wellington Management Group LLP holds 25,884K shares, equating to 2.80% ownership. This indicates a rise from 24,283K shares, an increase of 6.18%. However, they reduced their allocation in UNHCL drastically by 84.42% in the last quarter.

Finally, JPMorgan Chase holds 24,349K shares, representing 2.64% ownership. Up from 23,841K shares, this shows an increase of 2.09%. Despite this, the firm has decreased its portfolio allocation in UNHCL by 84.01%.

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