Burns J W & Co. Inc. NY lifted its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 8.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,788 shares of the healthcare conglomerate’s stock after acquiring an additional 385 shares during the period. Burns J W & Co. Inc. NY’s holdings in UnitedHealth Group were worth $1,041,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its holdings in UnitedHealth Group by 0.4% in the 2nd quarter. Northern Trust Corp now owns 12,111,540 shares of the healthcare conglomerate’s stock worth $2,955,336,000 after purchasing an additional 53,710 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in UnitedHealth Group by 1,354.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,540,562 shares of the healthcare conglomerate’s stock worth $2,083,983,000 after purchasing an additional 7,953,416 shares in the last quarter. Janus Henderson Group PLC increased its holdings in UnitedHealth Group by 16.7% in the 2nd quarter. Janus Henderson Group PLC now owns 6,448,289 shares of the healthcare conglomerate’s stock worth $1,573,438,000 after purchasing an additional 922,290 shares in the last quarter. Viking Global Investors LP increased its holdings in UnitedHealth Group by 28.6% in the 2nd quarter. Viking Global Investors LP now owns 4,812,185 shares of the healthcare conglomerate’s stock worth $1,174,221,000 after purchasing an additional 1,071,149 shares in the last quarter. Finally, Sanders Capital LLC increased its holdings in UnitedHealth Group by 50.2% in the 2nd quarter. Sanders Capital LLC now owns 4,626,666 shares of the healthcare conglomerate’s stock worth $1,255,689,000 after purchasing an additional 1,546,140 shares in the last quarter. 85.66% of the stock is owned by institutional investors.
In related news, 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 transaction of $3,063,720.00. Following the sale, the director now owns 61,309 shares in the company, valued at approximately $15,652,800.79. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard T. Burke sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $246.40, for a total value of $1,232,000.00. Following the sale, the director now owns 187,979 shares in the company, valued at approximately $46,318,025.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,000 shares of company stock worth $5,924,120. 0.87% of the stock is owned by corporate insiders.
Shares of NYSE UNH traded up $1.44 during trading on Friday, reaching $225.17. The company had a trading volume of 2,383,672 shares, compared to its average volume of 4,519,363. The company’s fifty day moving average price is $227.48 and its 200-day moving average price is $240.20. UnitedHealth Group Inc has a 12 month low of $208.07 and a 12 month high of $287.94. The stock has a market cap of $208.59 billion, a P/E ratio of 17.48, a PEG ratio of 1.17 and a beta of 0.60. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.62.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.14. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The firm had revenue of $60.60 billion for the quarter, compared to analyst estimates of $60.59 billion. During the same quarter in the previous year, the company posted $3.14 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, equities analysts predict that UnitedHealth Group Inc will post 14.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were given a $1.08 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.92%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.54%.
A number of brokerages have issued reports on UNH. Jefferies Financial Group cut UnitedHealth Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $300.00 to $235.00 in a report on Thursday. ValuEngine raised UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Cleveland Research reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Monday, July 15th. BMO Capital Markets cut UnitedHealth Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $292.00 to $249.00 in a report on Monday, September 30th. Finally, Credit Suisse Group set a $293.00 target price on UnitedHealth Group and gave the stock a “buy” rating in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. UnitedHealth Group has an average rating of “Buy” and an average price target of $283.78.
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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