UnitedHealth Group Inc (NYSE:UNH) Shares Sold by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd decreased its position in UnitedHealth Group Inc (NYSE:UNH) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,697 shares of the healthcare conglomerate’s stock after selling 3,644 shares during the quarter. UnitedHealth Group comprises approximately 0.9% of Redpoint Investment Management Pty Ltd’s holdings, making the stock its 19th largest position. Redpoint Investment Management Pty Ltd’s holdings in UnitedHealth Group were worth $17,007,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Garrison Point Advisors LLC raised its position in UnitedHealth Group by 1.2% during the second quarter. Garrison Point Advisors LLC now owns 3,486 shares of the healthcare conglomerate’s stock valued at $851,000 after buying an additional 40 shares during the period. Integrated Investment Consultants LLC raised its position in UnitedHealth Group by 3.9% during the second quarter. Integrated Investment Consultants LLC now owns 1,131 shares of the healthcare conglomerate’s stock valued at $276,000 after buying an additional 42 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in UnitedHealth Group by 3.9% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,132 shares of the healthcare conglomerate’s stock valued at $280,000 after buying an additional 43 shares during the period. Meridian Financial Partners LLC raised its position in UnitedHealth Group by 2.7% during the second quarter. Meridian Financial Partners LLC now owns 1,633 shares of the healthcare conglomerate’s stock valued at $403,000 after buying an additional 43 shares during the period. Finally, 1ST Source Bank raised its position in UnitedHealth Group by 3.0% during the second quarter. 1ST Source Bank now owns 1,569 shares of the healthcare conglomerate’s stock valued at $383,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

Several research analysts recently weighed in on UNH shares. Oppenheimer set a $312.00 price target on UnitedHealth Group and gave the company a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $311.00 price target on UnitedHealth Group and gave the company a “buy” rating in a research report on Friday, July 19th. Cleveland Research reissued a “buy” rating on shares of UnitedHealth Group in a research report on Monday, July 15th. Zacks Investment Research raised UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price target on the stock in a research report on Monday, July 22nd. Finally, Morgan Stanley upped their price target on UnitedHealth Group from $285.00 to $298.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eighteen have assigned a buy rating to the company’s stock. UnitedHealth Group currently has a consensus rating of “Buy” and an average target price of $295.06.

In other news, Director Richard T. Burke sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $248.00, for a total transaction of $2,480,000.00. Following the completion of the sale, the director now owns 187,663 shares in the company, valued at approximately $46,540,424. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Ballard, Jr. sold 12,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.31, for a total value of $3,063,720.00. Following the sale, the director now owns 61,309 shares of the company’s stock, valued at approximately $15,652,800.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,000 shares of company stock valued at $9,195,620. 0.87% of the stock is currently owned by corporate insiders.

UNH stock traded down $2.28 during mid-day trading on Friday, hitting $230.66. The stock had a trading volume of 3,890,312 shares, compared to its average volume of 3,119,100. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.62. UnitedHealth Group Inc has a 1-year low of $208.07 and a 1-year high of $287.94. The company has a fifty day moving average of $250.81 and a 200 day moving average of $247.04. The stock has a market capitalization of $220.75 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.24 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.14. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The company had revenue of $60.60 billion for the quarter, compared to analyst estimates of $60.59 billion. During the same period in the prior year, the firm posted $3.14 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that UnitedHealth Group Inc will post 14.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.32 annualized dividend and a dividend yield of 1.87%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.54%.

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

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