Cetera Advisor Networks LLC Has $3.19 Million Holdings in UnitedHealth Group Inc (NYSE:UNH)

Cetera Advisor Networks LLC cut its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,262 shares of the healthcare conglomerate’s stock after selling 399 shares during the period. Cetera Advisor Networks LLC’s holdings in UnitedHealth Group were worth $3,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Regal Wealth Group Inc. lifted its position in shares of UnitedHealth Group by 0.4% in the second quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock valued at $138,000 after acquiring an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in shares of UnitedHealth Group by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,101 shares of the healthcare conglomerate’s stock valued at $204,000 after acquiring an additional 4 shares in the last quarter. RNC Capital Management LLC lifted its position in shares of UnitedHealth Group by 0.7% in the second quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock valued at $360,000 after acquiring an additional 13 shares in the last quarter. Highland Private Wealth Management lifted its position in shares of UnitedHealth Group by 0.4% in the second quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock valued at $593,000 after acquiring an additional 13 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in shares of UnitedHealth Group by 0.3% in the second quarter. Flagship Harbor Advisors LLC now owns 5,028 shares of the healthcare conglomerate’s stock valued at $939,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 86.00% of the company’s stock.

Several equities 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 price objective on the stock in a research report on Saturday, January 20th. Goldman Sachs Group started coverage on UnitedHealth Group in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $269.00 price objective on the stock. Credit Suisse Group boosted their price objective on UnitedHealth Group from $252.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, January 17th. Cantor Fitzgerald restated a “buy” rating and issued a $235.00 price objective on shares of UnitedHealth Group in a research report on Monday, December 25th. Finally, Piper Jaffray Companies boosted their price objective on UnitedHealth Group to $242.00 and gave the company an “overweight” rating in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $243.22.

In other news, Director William C. Ballard, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $246.38, for a total transaction of $2,463,800.00. Following the transaction, the director now owns 76,637 shares of the company’s stock, valued at $18,881,824.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth Irwin Shine sold 198 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $434,302,025.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,396 shares of company stock worth $12,262,067. Insiders own 0.89% of the company’s stock.

Shares of UnitedHealth Group Inc (NYSE:UNH) traded up $3.35 during midday trading on Friday, reaching $229.37. The company’s stock had a trading volume of 3,602,311 shares, compared to its average volume of 4,390,000. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.58. UnitedHealth Group Inc has a 52 week low of $156.49 and a 52 week high of $250.79. The company has a market capitalization of $222,270.00, a PE ratio of 24.14, a P/E/G ratio of 1.34 and a beta of 0.70.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.09. The company 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 firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 earnings per share. equities analysts predict that UnitedHealth Group Inc will post 12.51 EPS for the current year.

The firm also recently announced 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. The ex-dividend date is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. UnitedHealth Group’s dividend payout ratio is 31.58%.

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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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