UnitedHealth Group Inc (NYSE:UNH) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 775,848 shares of the healthcare conglomerate’s stock after selling 6,552 shares during the period. UnitedHealth Group accounts for approximately 1.1% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 13th biggest holding. Public Employees Retirement Association of Colorado owned approximately 0.08% of UnitedHealth Group worth $151,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Regal Wealth Group Inc. boosted its position in UnitedHealth Group by 0.4% during the 2nd quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock worth $138,000 after purchasing an additional 3 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in UnitedHealth Group by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,101 shares of the healthcare conglomerate’s stock worth $204,000 after purchasing an additional 4 shares during the period. RB Capital Management LLC boosted its position in UnitedHealth Group by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 1,732 shares of the healthcare conglomerate’s stock worth $321,000 after purchasing an additional 7 shares during the period. Highland Private Wealth Management boosted its position in UnitedHealth Group by 0.4% during the 2nd quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock worth $593,000 after purchasing an additional 13 shares during the period. Finally, RNC Capital Management LLC boosted its position in UnitedHealth Group by 0.7% during the 2nd quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock worth $360,000 after purchasing an additional 13 shares during the period. 86.01% of the stock is owned by institutional investors.

In other UnitedHealth Group news, CEO Larry C. Renfro sold 22,598 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $221.75, for a total value of $5,011,106.50. Following the completion of the transaction, the chief executive officer now owns 195,314 shares in the company, valued at approximately $43,310,879.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth Irwin Shine sold 457 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total transaction of $96,440.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,630 shares of company stock valued at $7,669,416. Insiders own 0.89% of the company’s stock.

Shares of UnitedHealth Group Inc (NYSE:UNH) opened at $228.64 on Friday. The stock has a market cap of $221,060.00, a PE ratio of 25.98, a PEG ratio of 1.53 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 Inc has a 12 month low of $156.09 and a 12 month high of $231.77.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, beating 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 in the prior year, the firm earned $2.17 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. sell-side analysts forecast that UnitedHealth Group Inc will post 9.99 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $255.00 price target (up from $235.00) on shares of UnitedHealth Group in a research report on Friday. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Oppenheimer boosted their price objective on shares of UnitedHealth Group from $215.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Cantor Fitzgerald reiterated a “buy” rating and issued a $208.00 price objective on shares of UnitedHealth Group in a report on Tuesday, October 17th. Finally, Morgan Stanley boosted their price objective on shares of UnitedHealth Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $229.54.

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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.

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

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