Orrstown Financial Services Inc. decreased its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,174 shares of the healthcare conglomerate’s stock after selling 691 shares during the quarter. UnitedHealth Group comprises approximately 1.6% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 10th biggest holding. Orrstown Financial Services Inc.’s holdings in UnitedHealth Group were worth $1,361,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Capital International Investors grew its holdings in UnitedHealth Group by 399.3% during the third quarter. Capital International Investors now owns 4,132,602 shares of the healthcare conglomerate’s stock valued at $809,370,000 after purchasing an additional 3,304,902 shares during the period. Jennison Associates LLC grew its holdings in UnitedHealth Group by 146.0% during the third quarter. Jennison Associates LLC now owns 5,541,977 shares of the healthcare conglomerate’s stock valued at $1,085,396,000 after purchasing an additional 3,289,470 shares during the period. Janus Henderson Group PLC grew its holdings in UnitedHealth Group by 1,820.1% during the second quarter. Janus Henderson Group PLC now owns 2,388,641 shares of the healthcare conglomerate’s stock valued at $442,896,000 after purchasing an additional 2,264,242 shares during the period. Vanguard Group Inc. grew its holdings in 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 during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in UnitedHealth Group by 77.3% during the second quarter. Parametric Portfolio Associates LLC now owns 3,584,134 shares of the healthcare conglomerate’s stock valued at $664,570,000 after purchasing an additional 1,562,661 shares during the period. Institutional investors own 85.65% of the company’s stock.
Shares of UnitedHealth Group Inc (NYSE UNH) opened at $229.37 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.58. The company has a market cap of $222,270.00, a price-to-earnings ratio of 24.14, a PEG ratio of 1.34 and a beta of 0.70. UnitedHealth Group Inc has a 1 year low of $156.49 and a 1 year high of $250.79.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.09. The business had revenue of $52.06 billion for the quarter, compared to analyst estimates of $51.57 billion. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 earnings per share. research analysts forecast that UnitedHealth Group Inc will post 12.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 8th. UnitedHealth Group’s dividend payout ratio is presently 31.58%.
In other news, Director Kenneth Irwin Shine sold 198 shares of the business’s 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 sale, the director now owns 1,790,567 shares of the company’s stock, valued at $434,302,025.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michele J. Hooper sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $237.76, for a total transaction of $2,377,600.00. Following the sale, the director now directly owns 37,284 shares in the company, valued at $8,864,643.84. The disclosure for this sale can be found here. In the last three months, insiders sold 53,396 shares of company stock worth $12,262,067. 0.89% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on UNH shares. Raymond James Financial restated a “buy” rating on shares of UnitedHealth Group in a report on Wednesday, December 6th. Jefferies Group reaffirmed a “buy” rating and issued a $248.00 price target on shares of UnitedHealth Group in a research note on Friday, December 1st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $225.00 price target on shares of UnitedHealth Group in a research note on Monday, November 27th. Mizuho reaffirmed a “buy” rating on shares of UnitedHealth Group in a research note on Tuesday, October 24th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of UnitedHealth Group in a research note on Wednesday, December 27th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $243.22.
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About UnitedHealth Group
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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