Institute for Wealth Management LLC. Takes $471,000 Position in UnitedHealth Group Incorporated (UNH)

Institute for Wealth Management LLC. bought a new position in UnitedHealth Group Incorporated (NYSE:UNH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,529 shares of the healthcare conglomerate’s stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. Blue Chip Partners Inc. bought a new stake in shares of UnitedHealth Group in the 2nd quarter valued at approximately $110,000. Kings Point Capital Management boosted its holdings in shares of UnitedHealth Group by 27.9% in the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after acquiring an additional 150 shares in the last quarter. Bruderman Asset Management LLC acquired a new position in shares of UnitedHealth Group in the 2nd quarter worth approximately $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of UnitedHealth Group by 433.3% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after acquiring an additional 520 shares in the last quarter. Finally, BDO Wealth Advisors LLC acquired a new position in shares of UnitedHealth Group in the 2nd quarter worth approximately $121,000. 86.20% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Raymond James Financial reissued a “buy” rating on shares of UnitedHealth Group in a report on Wednesday. Sanford C. Bernstein upped their price objective on UnitedHealth Group from $219.00 to $246.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Leerink Swann reaffirmed an “outperform” rating on shares of UnitedHealth Group in a report on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and set a $248.00 price objective on shares of UnitedHealth Group in a report on Friday, December 1st. Finally, Piper Jaffray Companies upped their target price on shares of UnitedHealth Group to $242.00 and gave the company an “overweight” rating in a research report on Wednesday, November 29th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $224.56.

Shares of UnitedHealth Group Incorporated (UNH) traded down $0.15 during trading hours on Thursday, reaching $219.94. 2,397,400 shares of the company were exchanged, compared to its average volume of 3,116,121. The company has a market capitalization of $213,282.06, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.63 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70. UnitedHealth Group Incorporated has a fifty-two week low of $156.09 and a fifty-two week high of $231.77.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $50.32 billion for the quarter, compared to analysts’ expectations of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $2.17 earnings per share. sell-side analysts predict that UnitedHealth Group Incorporated will post 9.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.36%. UnitedHealth Group’s dividend payout ratio is currently 33.26%.

In other news, insider Larry C. Renfro sold 50,574 shares of UnitedHealth Group stock in a transaction on Friday, September 15th. The shares were sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the transaction, the insider now owns 195,625 shares in the company, valued at $38,755,268.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas E. Roos sold 975 shares of UnitedHealth Group stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total transaction of $200,333.25. Following the transaction, the insider now owns 24,630 shares in the company, valued at approximately $5,060,726.10. The disclosure for this sale can be found here. Insiders sold 62,606 shares of company stock worth $12,677,525 in the last 90 days. Company insiders own 0.89% of the company’s stock.

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About UnitedHealth Group

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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