Factory Mutual Insurance Co. increased its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 20.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 416,600 shares of the healthcare conglomerate’s stock after acquiring an additional 72,000 shares during the quarter. Factory Mutual Insurance Co.’s holdings in UnitedHealth Group were worth $77,245,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of UNH. Patriot Financial Group Insurance Agency LLC increased its holdings in UnitedHealth Group by 1,722.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after acquiring an additional 603 shares in the last quarter. Kings Point Capital Management increased its holdings in 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. Founders Capital Management purchased a new stake in UnitedHealth Group in the 1st quarter worth $135,000. Parkside Financial Bank & Trust increased its holdings in UnitedHealth Group by 1.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after acquiring an additional 12 shares in the last quarter. Finally, Hanson McClain Inc. increased its holdings in UnitedHealth Group by 1.7% in the 1st quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock worth $147,000 after acquiring an additional 15 shares in the last quarter. 86.21% of the stock is owned by institutional investors.
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Several equities research analysts recently commented on UNH shares. Morgan Stanley boosted their price target on shares of UnitedHealth Group from $202.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $190.00 price target on shares of UnitedHealth Group in a report on Monday, July 10th. Deutsche Bank AG boosted their price target on shares of UnitedHealth Group from $187.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $205.00 price target (up previously from $203.00) on shares of UnitedHealth Group in a report on Friday, July 21st. Finally, Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a report on Monday, May 22nd. One analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $203.41.
In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total value of $969,900.00. Following the completion of the sale, the director now owns 76,058 shares in the company, valued at approximately $14,753,730.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $191.71, for a total value of $2,875,650.00. Following the completion of the sale, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. Insiders sold a total of 25,600 shares of company stock valued at $4,962,694 in the last 90 days. 0.89% of the stock is owned by company insiders.
UnitedHealth Group Incorporated (UNH) traded up 0.23% on Friday, reaching $198.18. 4,198,691 shares of the company’s stock were exchanged. The company has a market capitalization of $191.61 billion, a PE ratio of 23.81 and a beta of 0.63. UnitedHealth Group Incorporated has a 1-year low of $133.03 and a 1-year high of $200.76. The company has a 50 day moving average price of $195.28 and a 200-day moving average price of $180.64.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, beating the consensus estimate of $2.38 by $0.08. The company had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 EPS. On average, equities research analysts anticipate that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, September 7th. UnitedHealth Group’s dividend payout ratio (DPR) is 35.13%.
UnitedHealth Group Profile
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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