16,817 Shares in UnitedHealth Group Incorporated (NYSE:UNH) Acquired by Highstreet Asset Management Inc.

Highstreet Asset Management Inc. bought a new position in UnitedHealth Group Incorporated (NYSE:UNH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,817 shares of the healthcare conglomerate’s stock, valued at approximately $3,119,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. grew its position in shares of UnitedHealth Group by 0.4% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,097 shares of the healthcare conglomerate’s stock worth $180,000 after acquiring an additional 4 shares in the last quarter. RB Capital Management LLC grew its position in shares of UnitedHealth Group by 0.4% in the 2nd quarter. RB Capital Management LLC now owns 1,732 shares of the healthcare conglomerate’s stock worth $321,000 after acquiring an additional 7 shares in the last quarter. Altfest L J & Co. Inc. grew its position in shares of UnitedHealth Group by 0.3% in the 2nd quarter. Altfest L J & Co. Inc. now owns 2,963 shares of the healthcare conglomerate’s stock worth $549,000 after acquiring an additional 10 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of 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, Budros Ruhlin & Roe Inc. grew its position in shares of UnitedHealth Group by 0.8% in the 1st quarter. Budros Ruhlin & Roe Inc. now owns 1,832 shares of the healthcare conglomerate’s stock worth $301,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

In other UnitedHealth Group news, insider Thomas E. Roos sold 975 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $205.47, for a total transaction of $200,333.25. Following the sale, the insider now owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Larry C. Renfro sold 50,574 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the sale, the insider now directly owns 195,625 shares in the company, valued at approximately $38,755,268.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,149 shares of company stock worth $15,182,242. Insiders own 0.89% of the company’s stock.

A number of research firms recently issued reports on UNH. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Sanford C. Bernstein restated an “outperform” rating and set a $190.00 price objective on shares of UnitedHealth Group in a research report on Monday, July 10th. Deutsche Bank AG boosted their price objective on UnitedHealth Group from $187.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $205.00 price objective (up previously from $203.00) on shares of UnitedHealth Group in a research report on Friday, July 21st. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. UnitedHealth Group presently has an average rating of “Buy” and an average target price of $215.27.

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Shares of UnitedHealth Group Incorporated (NYSE UNH) traded up 1.65% on Friday, hitting $212.60. The stock had a trading volume of 4,385,348 shares. The firm has a 50 day moving average price of $198.15 and a 200 day moving average price of $186.99. The company has a market capitalization of $210.26 billion, a P/E ratio of 24.14 and a beta of 0.63. UnitedHealth Group Incorporated has a one year low of $136.22 and a one year high of $212.77.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $50.32 billion for the quarter, compared to analysts’ expectations of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.17 earnings per share. On average, equities research analysts predict that UnitedHealth Group Incorporated will post $9.99 earnings per share for the current fiscal year.

UnitedHealth Group Company 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.

Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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