Keybanc Boosts UnitedHealth Group with Overweight Rating

Fund Sentiment Continues to Rise for UNH

Fintel reports that on October 11, 2024, Keybanc initiated coverage of UnitedHealth Group (WBAG:UNH) with a Overweight recommendation.

What is the Fund Sentiment?

A total of 5,234 funds or institutions are currently reporting their positions in UnitedHealth Group. This marks an increase of 27 owners, or 0.52%, in the last quarter. The average portfolio weight dedicated to UNH among all funds stands at 0.99%, reflecting a rise of 1.88%. Additionally, total shares owned by institutions increased by 5.17% in the last three months, reaching 939,681K shares.

Current Movements Among Major Shareholders

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 29,080K shares, representing 3.15% ownership of the company. In its prior filing, it reported ownership of 29,075K shares, indicating an increase of 0.02%. The firm also boosted its portfolio allocation in UNH by 0.12% over the last quarter.

Capital World Investors currently holds 28,023K shares, making up 3.03% ownership. This is a decline from their previous 28,322K shares, reflecting a 1.07% decrease, despite increasing their portfolio allocation in UNH by 0.35% over the last quarter.

Price T Rowe Associates retains 26,021K shares, representing 2.82% ownership. Previously, the firm reported owning 26,063K shares, translating to a decrease of 0.16%. Still, it increased its portfolio allocation in UNH by 0.34% this past quarter.

Wellington Management Group Llp now holds 25,884K shares, accounting for 2.80% ownership. The firm noted an increase from its prior ownership of 24,283K shares, reflecting a growth of 6.18%, although it significantly decreased its portfolio allocation in UNH by 84.42%.

JPMorgan Chase owns 24,349K shares, or 2.64% ownership. It reported owning 23,841K shares previously, marking a 2.09% increase. Like Wellington, JPMorgan also decreased its portfolio allocation in UNH by 84.01% over the last quarter.

Fintel is one of the most comprehensive investing research platforms available for individual investors, traders, financial advisors, and small hedge funds.

Our extensive data covers global markets and includes fundamentals, analyst reports, ownership data, fund sentiment, options sentiment, insider trading insights, and much more. Additionally, our exclusive stock picks leverage advanced, backtested quantitative models aimed at improving profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.