UnitedHealth Group Inc (NYSE:UNH) Director Kenneth Irwin Shine sold 198 shares of UnitedHealth Group stock in a transaction on Friday, January 19th. The shares were sold at an average price of $242.55, for a total value of $48,024.90. Following the transaction, the director now directly owns 1,790,567 shares of the company’s stock, valued at $434,302,025.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Kenneth Irwin Shine also recently made the following trade(s):
- On Tuesday, November 14th, Kenneth Irwin Shine sold 457 shares of UnitedHealth Group stock. The shares were sold at an average price of $211.03, for a total value of $96,440.71.
UnitedHealth Group Inc (NYSE UNH) traded up $2.14 during midday trading on Wednesday, reaching $228.78. The company’s stock had a trading volume of 2,878,307 shares, compared to its average volume of 4,300,000. The company has a market cap of $221,700.00, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.32 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.73 and a quick ratio of 0.70. UnitedHealth Group Inc has a 12-month low of $156.49 and a 12-month high of $250.79.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.09. The firm had revenue of $52.06 billion for the quarter, compared to analysts’ expectations of $51.57 billion. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. sell-side analysts forecast that UnitedHealth Group Inc will post 12.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. UnitedHealth Group’s dividend payout ratio is currently 31.58%.
UNH has been the subject of a number of research reports. Deutsche Bank lifted their price objective on UnitedHealth Group to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Wells Fargo & Co reiterated an “outperform” rating and issued a $245.00 price objective (up from $230.00) on shares of UnitedHealth Group in a research report on Wednesday, November 29th. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a research report on Friday, December 1st. Citigroup lifted their price objective on UnitedHealth Group from $213.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating and issued a $248.00 price objective on shares of UnitedHealth Group in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $243.22.
Institutional investors have recently made changes to their positions in the company. Ardsley Advisory Partners acquired a new position in shares of UnitedHealth Group during the 4th quarter worth approximately $1,104,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of UnitedHealth Group by 12.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 505,143 shares of the healthcare conglomerate’s stock worth $111,363,000 after acquiring an additional 56,829 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of UnitedHealth Group by 7.0% during the 4th quarter. California State Teachers Retirement System now owns 1,745,618 shares of the healthcare conglomerate’s stock worth $384,839,000 after acquiring an additional 114,025 shares during the last quarter. Riverpark Capital Management LLC acquired a new position in shares of UnitedHealth Group during the 4th quarter worth approximately $9,255,000. Finally, NBW Capital LLC increased its holdings in shares of UnitedHealth Group by 3.1% during the 4th quarter. NBW Capital LLC now owns 28,198 shares of the healthcare conglomerate’s stock worth $6,217,000 after acquiring an additional 844 shares during the last quarter. Institutional investors own 86.00% 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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