BTC Capital Management Inc. lessened its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 1.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,550 shares of the healthcare conglomerate’s stock after selling 278 shares during the period. BTC Capital Management Inc.’s holdings in UnitedHealth Group were worth $6,958,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Worth Asset Management LLC grew its holdings in shares of UnitedHealth Group by 7.3% in the 2nd quarter. Worth Asset Management LLC now owns 750 shares of the healthcare conglomerate’s stock valued at $360,000 after buying an additional 51 shares during the period. Grassi Investment Management grew its holdings in shares of UnitedHealth Group by 29.2% in the 2nd quarter. Grassi Investment Management now owns 885 shares of the healthcare conglomerate’s stock valued at $425,000 after buying an additional 200 shares during the period. Buckingham Capital Management Inc. boosted its stake in UnitedHealth Group by 1.9% in the 2nd quarter. Buckingham Capital Management Inc. now owns 24,916 shares of the healthcare conglomerate’s stock worth $11,976,000 after purchasing an additional 470 shares during the period. New Hampshire Trust boosted its stake in UnitedHealth Group by 0.8% in the 2nd quarter. New Hampshire Trust now owns 7,925 shares of the healthcare conglomerate’s stock worth $3,809,000 after purchasing an additional 59 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in UnitedHealth Group by 3.4% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,300 shares of the healthcare conglomerate’s stock worth $3,028,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on UNH shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of UnitedHealth Group from $564.00 to $555.00 in a research note on Monday, July 17th. StockNews.com started coverage on shares of UnitedHealth Group in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Morgan Stanley reissued an “overweight” rating and set a $587.00 price target on shares of UnitedHealth Group in a research report on Friday, July 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $591.00 price target on shares of UnitedHealth Group in a research report on Thursday, September 14th. Finally, Stephens reissued an “overweight” rating and set a $560.00 price target on shares of UnitedHealth Group in a research report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $575.65.
Insider Activity at UnitedHealth Group
In related news, CEO Andrew Witty sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $506.19, for a total value of $2,024,760.00. Following the completion of the transaction, the chief executive officer now owns 78,573 shares of the company’s stock, valued at approximately $39,772,866.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.35% of the stock is owned by insiders.
UnitedHealth Group Stock Down 0.1 %
Shares of UNH opened at $486.06 on Tuesday. The firm’s 50-day simple moving average is $492.05 and its 200 day simple moving average is $486.73. UnitedHealth Group Incorporated has a 52 week low of $445.68 and a 52 week high of $558.10. The firm has a market cap of $450.24 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 0.80.
UnitedHealth Group (NYSE:UNH – Get Free Report) last announced its earnings results on Friday, July 14th. The healthcare conglomerate reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.92 by $0.22. UnitedHealth Group had a net margin of 6.06% and a return on equity of 26.72%. The firm had revenue of $92.90 billion for the quarter, compared to analyst estimates of $90.97 billion. During the same quarter in the prior year, the business posted $5.57 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. On average, analysts forecast that UnitedHealth Group Incorporated will post 24.83 earnings per share for the current year.
UnitedHealth Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, September 11th will be paid a $1.88 dividend. This represents a $7.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, September 8th. UnitedHealth Group’s payout ratio is 33.65%.
UnitedHealth Group Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.
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