Great West Life Assurance Co. Can grew its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,231,686 shares of the healthcare conglomerate’s stock after acquiring an additional 51,708 shares during the period. Great West Life Assurance Co. Can owned about 0.13% of UnitedHealth Group worth $228,023,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Van Cleef Asset Management Inc increased its stake in UnitedHealth Group by 4.0% during the first quarter. Van Cleef Asset Management Inc now owns 11,121 shares of the healthcare conglomerate’s stock worth $1,824,000 after acquiring an additional 425 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in UnitedHealth Group by 3.9% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 25,730 shares of the healthcare conglomerate’s stock worth $3,946,000 after acquiring an additional 970 shares during the last quarter. NBW Capital LLC bought a new stake in UnitedHealth Group during the first quarter worth approximately $4,360,000. Waldron LP increased its stake in UnitedHealth Group by 153.1% during the first quarter. Waldron LP now owns 5,765 shares of the healthcare conglomerate’s stock worth $944,000 after acquiring an additional 3,487 shares during the last quarter. Finally, Personal Capital Advisors Corp bought a new stake in UnitedHealth Group during the first quarter worth approximately $16,995,000. Institutional investors and hedge funds own 86.21% of the company’s stock.
In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the transaction, the director now owns 1,818,898 shares of the company’s stock, valued at $348,700,935.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the transaction, the director now directly owns 60,834 shares in the company, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. Insiders have sold 25,600 shares of company stock worth $4,962,694 in the last three months. Insiders own 0.89% of the company’s stock.
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A number of research firms have recently commented on UNH. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 target price on the stock in a research note on Wednesday, June 7th. Barclays PLC upped their target price on UnitedHealth Group from $200.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, July 19th. Cowen and Company reaffirmed a “buy” rating on shares of UnitedHealth Group in a research note on Friday, July 14th. Leerink Swann reaffirmed an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, June 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $215.00 target price on shares of UnitedHealth Group in a research note on Friday, August 18th. One equities research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $203.41.
Shares of UnitedHealth Group Incorporated (UNH) opened at 198.18 on Friday. The stock’s 50 day moving average is $195.28 and its 200-day moving average is $180.64. The firm has a market cap of $191.61 billion, a P/E ratio of 23.81 and a beta of 0.63. UnitedHealth Group Incorporated has a one year low of $133.03 and a one year high of $200.76.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.08. The business had revenue of $50.05 billion for the quarter, compared to the consensus estimate of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 earnings per share. Analysts anticipate that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, September 7th. UnitedHealth Group’s payout ratio 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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