Public Employees Retirement System of Ohio raised its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,891 shares of the healthcare conglomerate’s stock after acquiring an additional 8,769 shares during the period. UnitedHealth Group comprises approximately 0.7% of Public Employees Retirement System of Ohio’s investment portfolio, making the stock its 22nd largest holding. Public Employees Retirement System of Ohio owned 0.07% of UnitedHealth Group worth $139,424,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of UNH. Moors & Cabot Inc. raised its stake in shares of UnitedHealth Group by 12.2% during the 3rd quarter. Moors & Cabot Inc. now owns 2,900 shares of the healthcare conglomerate’s stock worth $567,000 after purchasing an additional 316 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of UnitedHealth Group during the 3rd quarter worth $545,000. Cetera Investment Advisers raised its stake in shares of UnitedHealth Group by 24.2% during the 3rd quarter. Cetera Investment Advisers now owns 3,978 shares of the healthcare conglomerate’s stock worth $784,000 after purchasing an additional 775 shares during the period. IFM Investors Pty Ltd raised its stake in shares of UnitedHealth Group by 2.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 27,018 shares of the healthcare conglomerate’s stock worth $5,291,000 after purchasing an additional 767 shares during the period. Finally, Yellowstone Partners LLC bought a new stake in shares of UnitedHealth Group during the 3rd quarter worth $745,000. Institutional investors and hedge funds own 86.24% of the company’s stock.
UnitedHealth Group Inc (NYSE UNH) opened at $220.96 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $214,130.00, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.70. UnitedHealth Group Inc has a twelve month low of $156.49 and a twelve month high of $250.79.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.09. The business had revenue of $52.06 billion during the quarter, compared to analyst estimates of $51.57 billion. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 EPS. equities research analysts expect that UnitedHealth Group Inc will post 12.51 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on UNH shares. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $267.00 target price on the stock in a research note on Saturday, January 20th. Goldman Sachs Group started coverage on UnitedHealth Group in a research note on Wednesday, January 3rd. They set a “buy” rating and a $269.00 target price on the stock. Morgan Stanley lifted their target price on UnitedHealth Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Credit Suisse Group lifted their price objective on UnitedHealth Group from $252.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, January 17th. Finally, Bank of America lifted their price objective on UnitedHealth Group from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $243.22.
In other UnitedHealth Group news, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $223.31, for a total transaction of $1,250,536.00. Following the completion of the transaction, the director now owns 61,137 shares of the company’s stock, valued at approximately $13,652,503.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Ballard, Jr. sold 10,000 shares of UnitedHealth Group stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $246.38, for a total value of $2,463,800.00. Following the transaction, the director now directly owns 76,637 shares of the company’s stock, valued at approximately $18,881,824.06. The disclosure for this sale can be found here. Insiders have sold a total of 53,853 shares of company stock valued at $12,358,508 in the last ninety days. Insiders own 0.89% of the company’s stock.
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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.
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