Roosevelt Investment Group Inc. raised its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 79.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,366 shares of the healthcare conglomerate’s stock after buying an additional 39,215 shares during the period. UnitedHealth Group accounts for 1.5% of Roosevelt Investment Group Inc.’s holdings, making the stock its 24th largest holding. Roosevelt Investment Group Inc.’s holdings in UnitedHealth Group were worth $16,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of UNH. Toronto Dominion Bank boosted its position in UnitedHealth Group by 43.8% in the first quarter. Toronto Dominion Bank now owns 299,729 shares of the healthcare conglomerate’s stock valued at $49,171,000 after buying an additional 91,262 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after buying an additional 12 shares in the last quarter. Warren Averett Asset Management LLC boosted its position in UnitedHealth Group by 137.8% in the first quarter. Warren Averett Asset Management LLC now owns 4,499 shares of the healthcare conglomerate’s stock valued at $738,000 after buying an additional 2,607 shares in the last quarter. Advantage Investment Management LLC boosted its position in UnitedHealth Group by 47.3% in the first quarter. Advantage Investment Management LLC now owns 2,844 shares of the healthcare conglomerate’s stock valued at $466,000 after buying an additional 913 shares in the last quarter. Finally, Arxis Securities LLC acquired a new stake in UnitedHealth Group in the first quarter valued at approximately $532,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.
In other UnitedHealth Group news, insider Thomas E. Roos sold 975 shares of UnitedHealth Group stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $205.47, for a total value of $200,333.25. Following the completion of the sale, the insider now directly 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 available at the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the completion of the sale, the director now directly owns 60,834 shares of the company’s stock, valued at $12,135,774.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,206 shares of company stock valued at $12,683,669. Insiders own 0.89% of the company’s stock.
Shares of UnitedHealth Group Incorporated (NYSE:UNH) traded down $5.36 during midday trading on Monday, reaching $221.42. 5,591,308 shares of the company were exchanged, compared to its average volume of 3,118,647. UnitedHealth Group Incorporated has a fifty-two week low of $156.09 and a fifty-two week high of $231.77. The company has a market capitalization of $215,080.00, a P/E ratio of 23.62, a PEG ratio of 1.68 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70.
UnitedHealth Group (NYSE:UNH) last announced 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. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The business had revenue of $50.32 billion during the quarter, compared to the consensus estimate of $50.38 billion. During the same quarter last year, the firm earned $2.17 earnings per share. UnitedHealth Group’s quarterly revenue was up 8.7% on a year-over-year basis. analysts anticipate that UnitedHealth Group Incorporated will post 9.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, November 30th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 34.09%.
A number of analysts have weighed in on the stock. Sanford C. Bernstein raised their target price on shares of UnitedHealth Group from $219.00 to $246.00 and gave the company an “outperform” rating in a research report on Friday. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a report on Friday. Jefferies Group reiterated a “buy” rating and set a $248.00 price target on shares of UnitedHealth Group in a report on Friday. Piper Jaffray Companies lifted their price target on shares of UnitedHealth Group to $242.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Finally, Royal Bank Of Canada lifted their price target on shares of UnitedHealth Group to $244.00 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $224.56.
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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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