Reliance Trust Co. of Delaware Sells 1,184 Shares of UnitedHealth Group Inc (NYSE:UNH)

Reliance Trust Co. of Delaware trimmed its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,877 shares of the healthcare conglomerate’s stock after selling 1,184 shares during the quarter. UnitedHealth Group makes up 1.1% of Reliance Trust Co. of Delaware’s investment portfolio, making the stock its 12th largest position. Reliance Trust Co. of Delaware’s holdings in UnitedHealth Group were worth $7,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of UnitedHealth Group by 1.2% during the second quarter. BlackRock Inc. now owns 69,430,416 shares of the healthcare conglomerate’s stock valued at $12,873,786,000 after purchasing an additional 796,654 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of UnitedHealth Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock valued at $11,974,168,000 after purchasing an additional 1,588,516 shares in the last quarter. FMR LLC boosted its position in shares of UnitedHealth Group by 2.1% during the second quarter. FMR LLC now owns 56,101,668 shares of the healthcare conglomerate’s stock valued at $10,402,371,000 after purchasing an additional 1,168,324 shares in the last quarter. Alliancebernstein L.P. raised its stake in UnitedHealth Group by 2.3% during the second quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock valued at $1,466,104,000 after buying an additional 174,290 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in UnitedHealth Group by 3.9% during the second quarter. TIAA CREF Investment Management LLC now owns 5,882,427 shares of the healthcare conglomerate’s stock valued at $1,090,720,000 after buying an additional 223,524 shares during the last quarter. Hedge funds and other institutional investors own 86.01% of the company’s stock.

UnitedHealth Group Inc (NYSE UNH) traded up $3.25 during trading hours on Friday, hitting $228.64. The company had a trading volume of 3,934,738 shares, compared to its average volume of 2,940,000. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $221,060.00, a P/E ratio of 25.98, a P/E/G ratio of 1.53 and a beta of 0.66. UnitedHealth Group Inc has a 12 month low of $156.09 and a 12 month high of $231.77.

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

In other news, Director Michele J. Hooper sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $222.20, for a total value of $1,111,000.00. Following the sale, the director now directly owns 36,989 shares in the company, valued at $8,218,955.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Larry C. Renfro sold 22,598 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $221.75, for a total value of $5,011,106.50. Following the completion of the sale, the chief executive officer now owns 195,314 shares in the company, valued at $43,310,879.50. The disclosure for this sale can be found here. Insiders sold 34,630 shares of company stock worth $7,669,416 over the last quarter. 0.89% of the stock is owned by company insiders.

A number of research analysts have issued reports on the company. Evercore ISI reiterated an “outperform” rating and set a $255.00 price objective (up previously from $235.00) on shares of UnitedHealth Group in a research note on Friday. Wells Fargo & Co reiterated an “outperform” rating and set a $245.00 price objective (up previously from $230.00) on shares of UnitedHealth Group in a research note on Wednesday, November 29th. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, December 1st. Citigroup boosted their price target on UnitedHealth Group from $213.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, BMO Capital Markets initiated coverage on UnitedHealth Group in a research note on Monday, October 16th. They issued an “outperform” rating and a $250.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $229.54.

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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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