Keybanc Begins Coverage of UnitedHealth Group with Positive Outlook
On October 11, 2024, Keybanc initiated coverage of UnitedHealth Group (SNSE:UNH) with an Overweight rating.
Growing Institutional Interest
According to Fintel, 5,234 funds or institutions hold positions in UnitedHealth Group, marking an increase of 27 (or 0.52%) from the previous quarter. The average portfolio weight of all funds dedicated to UNH stands at 0.99%, showing an improvement of 1.88%. Institutions collectively upped their holdings by 5.17% over the last three months, reaching a total of 939,681K shares.
The Vanguard Total Stock Market Index Fund (VTSMX) currently holds 29,080K shares, which is 3.15% of the company. This represents a slight increase of 0.02% from their previous holding of 29,075K shares. VTSMX has raised its allocation to UNH by 0.12% in the last quarter.
Capital World Investors owns 28,023K shares, equating to 3.03% ownership, a decrease of 1.07% from 28,322K shares in the prior filing. However, their overall portfolio allocation in UNH rose by 0.35% recently.
Price T Rowe Associates holds 26,021K shares, which constitutes 2.82% ownership, slightly down from 26,063K shares, reflecting a 0.16% drop. They have increased their UNH portfolio allocation by 0.34% in the last quarter.
Wellington Management Group LLP possesses 25,884K shares, or 2.80% ownership. They reported an increase from 24,283K shares, showing a 6.18% rise, although they significantly decreased their UNH portfolio allocation by 84.42% recently.
Lastly, J.P. Morgan Chase holds 24,349K shares, amounting to 2.64% ownership, which is up from 23,841K shares for an increase of 2.09%. This firm has also drastically lowered its UNH portfolio allocation by 84.01% during the last quarter.
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This information originally appeared on Fintel.
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