Principal Financial Group Inc. Trims Stake in Oscar Health, Inc. (NYSE:OSCR)

Principal Financial Group Inc. reduced its position in Oscar Health, Inc. (NYSE:OSCR) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,963 shares of the company’s stock after selling 1,109 shares during the quarter. Principal Financial Group Inc.’s holdings in Oscar Health were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its position in Oscar Health by 6.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 116,555 shares of the company’s stock worth $1,566,000 after purchasing an additional 6,965 shares during the period. Rhumbline Advisers increased its position in shares of Oscar Health by 2.4% during the fourth quarter. Rhumbline Advisers now owns 271,227 shares of the company’s stock worth $3,645,000 after acquiring an additional 6,483 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of Oscar Health during the fourth quarter worth approximately $370,000. SMART Wealth LLC purchased a new position in shares of Oscar Health during the fourth quarter worth approximately $180,000. Finally, Tempus Wealth Planning LLC purchased a new position in shares of Oscar Health during the fourth quarter worth approximately $181,000. 75.70% of the stock is owned by hedge funds and other institutional investors.

Oscar Health Price Performance

NYSE OSCR opened at $15.99 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50 day moving average price is $15.12 and its 200-day moving average price is $16.52. Oscar Health, Inc. has a 52-week low of $12.43 and a 52-week high of $23.79. The company has a market cap of $4.01 billion, a PE ratio of -799.25 and a beta of 1.75.

Oscar Health (NYSE:OSCR) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. Sell-side analysts forecast that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group initiated coverage on shares of Oscar Health in a research report on Tuesday, December 10th. They set an “underperform” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oscar Health currently has an average rating of “Hold” and a consensus price target of $21.56.

About Oscar Health

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.