Ascent Group Lifts Stake in UnitedHealth Group by 16.4% Amid Analyst Bullishness

Ascent Group LLC has significantly increased its holdings in UnitedHealth Group Incorporated (NYSE:UNH). The institutional investor bought an additional 2,750 shares of UNH stock during the second quarter, lifting its overall stake by 16.4%. As a result, Ascent Group now owns 19,555 shares of UNH's stock, valued at approximately $8.13 million as of its most recent SEC filing.

UnitedHealth Group has seen significant activity from institutional investors in recent periods. Vaughan David Investments LLC IL increased its stake by 2.7% during the fourth quarter and now owns 150,773 shares worth around $49.77 million. PBCay One RSC Ltd acquired a new position valued at about $14.34 million in the first quarter.

The healthcare conglomerate's recent earnings report showed strong performance, with earnings per share of $6.38 exceeding analysts' expectations by $1.44. The business reported revenue of $112.03 billion for the quarter, up 0.4% from the same period last year. UnitedHealth Group has set its FY 2026 guidance at 19.5-20.0 EPS.

Wall Street analysts remain bullish on UNH shares, with a consensus rating of 'Moderate Buy' and an average target price of $455.92.