Pennsylvania Trust Co grew its position in UnitedHealth Group Inc (NYSE:UNH) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,074 shares of the healthcare conglomerate’s stock after purchasing an additional 1,926 shares during the period. Pennsylvania Trust Co’s holdings in UnitedHealth Group were worth $17,579,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of UNH. White Lighthouse Investment Management Inc. bought a new stake in UnitedHealth Group during the second quarter worth about $324,000. Wells Fargo & Company MN raised its holdings in UnitedHealth Group by 0.5% during the second quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock worth $1,887,377,000 after acquiring an additional 39,480 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in UnitedHealth Group by 195.2% during the first quarter. Wesbanco Bank Inc. now owns 76,341 shares of the healthcare conglomerate’s stock worth $16,337,000 after acquiring an additional 50,480 shares in the last quarter. Granite Investment Advisors LLC raised its holdings in UnitedHealth Group by 1.4% during the second quarter. Granite Investment Advisors LLC now owns 34,225 shares of the healthcare conglomerate’s stock worth $8,397,000 after acquiring an additional 476 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in UnitedHealth Group by 3.8% during the second quarter. Synovus Financial Corp now owns 53,952 shares of the healthcare conglomerate’s stock worth $13,238,000 after acquiring an additional 1,985 shares in the last quarter. Institutional investors own 85.35% of the company’s stock.
In other news, Director Kenneth Irwin Shine sold 177 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $255.72, for a total value of $45,262.44. Following the transaction, the director now owns 29,053 shares of the company’s stock, valued at $7,429,433.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP D Ellen Wilson sold 15,393 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $264.29, for a total value of $4,068,215.97. Following the completion of the transaction, the executive vice president now directly owns 66,402 shares in the company, valued at approximately $17,549,384.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,745 shares of company stock worth $24,995,290. Company insiders own 0.87% of the company’s stock.
NYSE UNH traded up $1.47 during trading on Tuesday, reaching $270.48. 24,459 shares of the company’s stock were exchanged, compared to its average volume of 3,064,980. The company has a market cap of $256.06 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.63. UnitedHealth Group Inc has a fifty-two week low of $186.00 and a fifty-two week high of $272.07.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, July 17th. The healthcare conglomerate reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.10. The firm had revenue of $56.09 billion for the quarter, compared to the consensus estimate of $56.10 billion. UnitedHealth Group had a return on equity of 22.79% and a net margin of 5.55%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 earnings per share. As a group, research analysts anticipate that UnitedHealth Group Inc will post 12.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Friday, September 7th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, September 6th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.75%.
Several analysts recently issued reports on UNH shares. SunTrust Banks started coverage on UnitedHealth Group in a report on Monday, June 11th. They set a “buy” rating and a $300.00 target price on the stock. Raymond James upped their target price on UnitedHealth Group from $285.00 to $304.00 and gave the stock a “strong-buy” rating in a report on Monday, September 24th. ValuEngine upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a report on Wednesday, July 18th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $300.00 target price on shares of UnitedHealth Group in a report on Thursday, July 5th. One research analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. UnitedHealth Group presently has an average rating of “Buy” and a consensus target price of $278.61.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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