Flinton Capital Management LLC lifted its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 19.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,568 shares of the healthcare conglomerate’s stock after purchasing an additional 35,532 shares during the period. UnitedHealth Group comprises approximately 1.7% of Flinton Capital Management LLC’s holdings, making the stock its 8th biggest holding. Flinton Capital Management LLC’s holdings in UnitedHealth Group were worth $53,624,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Ballentine Partners LLC boosted its position in UnitedHealth Group by 2.3% during the second quarter. Ballentine Partners LLC now owns 9,038 shares of the healthcare conglomerate’s stock worth $2,218,000 after acquiring an additional 202 shares during the last quarter. Nikulski Financial Inc. boosted its position in UnitedHealth Group by 1.8% during the second quarter. Nikulski Financial Inc. now owns 11,759 shares of the healthcare conglomerate’s stock worth $2,885,000 after acquiring an additional 205 shares during the last quarter. Trustcore Financial Services LLC boosted its position in UnitedHealth Group by 34.1% during the second quarter. Trustcore Financial Services LLC now owns 810 shares of the healthcare conglomerate’s stock worth $199,000 after acquiring an additional 206 shares during the last quarter. Lara May & Associates LLC boosted its position in UnitedHealth Group by 22.2% during the first quarter. Lara May & Associates LLC now owns 1,146 shares of the healthcare conglomerate’s stock worth $246,000 after acquiring an additional 208 shares during the last quarter. Finally, Liberty Capital Management Inc. boosted its position in UnitedHealth Group by 1.3% during the second quarter. Liberty Capital Management Inc. now owns 15,739 shares of the healthcare conglomerate’s stock worth $3,861,000 after acquiring an additional 209 shares during the last quarter. 85.35% of the stock is owned by institutional investors and hedge funds.
In other news, Director Richard T. Burke sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $254.79, for a total value of $3,821,850.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steven H. Nelson sold 8,142 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $265.00, for a total transaction of $2,157,630.00. Following the completion of the transaction, the chief executive officer now directly owns 22,496 shares in the company, valued at approximately $5,961,440. The disclosure for this sale can be found here. In the last three months, insiders sold 94,745 shares of company stock worth $24,995,290. Insiders own 0.87% of the company’s stock.
UNH has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of UnitedHealth Group from $277.00 to $278.00 and gave the stock a “$255.42” rating in a research report on Wednesday, July 18th. Citigroup raised their target price on shares of UnitedHealth Group from $275.00 to $288.00 and gave the stock a “$255.42” rating in a research report on Wednesday, July 18th. Royal Bank of Canada lifted their price target on shares of UnitedHealth Group from $282.00 to $284.00 and gave the company a “$255.42” rating in a report on Wednesday, July 18th. Goldman Sachs Group reiterated a “buy” rating and issued a $277.00 price target on shares of UnitedHealth Group in a report on Tuesday, July 17th. Finally, Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $287.00 price target on the stock in a report on Sunday, July 15th. One research analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $279.26.
Shares of UNH stock traded up $2.49 during mid-day trading on Friday, reaching $259.61. The company’s stock had a trading volume of 3,872,525 shares, compared to its average volume of 3,079,966. UnitedHealth Group Inc has a 12-month low of $186.00 and a 12-month high of $272.07. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.63. The company has a market cap of $256.06 billion, a PE ratio of 25.78, a P/E/G ratio of 1.58 and a beta of 0.73.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, July 17th. The healthcare conglomerate reported $3.14 EPS for the quarter, beating the Zacks’ consensus estimate of $3.04 by $0.10. UnitedHealth Group had a net margin of 5.55% and a return on equity of 22.79%. The business had revenue of $56.09 billion for the quarter, compared to the consensus estimate of $56.10 billion. During the same quarter last year, the firm posted $2.46 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts expect that UnitedHealth Group Inc will post 12.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, September 6th. UnitedHealth Group’s dividend payout ratio is presently 35.75%.
UnitedHealth Group 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 care coverage, and 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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