Sterling Investment Management Inc. Has $2.36 Million Holdings in UnitedHealth Group Inc (UNH)

Sterling Investment Management Inc. boosted its stake in UnitedHealth Group Inc (NYSE:UNH) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,708 shares of the healthcare conglomerate’s stock after purchasing an additional 679 shares during the quarter. UnitedHealth Group makes up 2.5% of Sterling Investment Management Inc.’s investment portfolio, making the stock its 13th largest position. Sterling Investment Management Inc.’s holdings in UnitedHealth Group were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Regal Wealth Group Inc. boosted its position in shares of UnitedHealth Group by 0.4% during the 2nd 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 during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of 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 valued at $204,000 after acquiring an additional 4 shares during the last quarter. RNC Capital Management LLC boosted its position in shares of UnitedHealth Group by 0.7% during the 2nd 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 during the last quarter. Highland Private Wealth Management boosted its position in shares of UnitedHealth Group by 0.4% during the 2nd 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 during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in shares of UnitedHealth Group by 0.3% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

A number of brokerages recently weighed in on UNH. Wells Fargo & Co reissued an “outperform” rating and set a $245.00 price objective (up from $230.00) on shares of UnitedHealth Group in a report on Wednesday, November 29th. Citigroup raised their price objective on UnitedHealth Group from $235.00 to $268.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Oppenheimer raised their price objective on UnitedHealth Group from $260.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. Piper Jaffray Companies raised their price objective on UnitedHealth Group to $242.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Finally, Sanford C. Bernstein raised their price objective on UnitedHealth Group from $219.00 to $246.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. UnitedHealth Group presently has a consensus rating of “Buy” and a consensus target price of $243.22.

In other news, CEO Larry C. Renfro sold 22,598 shares of UnitedHealth Group stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $221.75, for a total value of $5,011,106.50. Following the sale, the chief executive officer now directly owns 195,314 shares in the company, valued at approximately $43,310,879.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth Irwin Shine sold 198 shares of UnitedHealth Group stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $242.55, for a total value of $48,024.90. Following the completion of the sale, the director now owns 1,790,567 shares in the company, valued at $434,302,025.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,396 shares of company stock worth $12,262,067. Corporate insiders own 0.89% of the company’s stock.

UnitedHealth Group Inc (NYSE:UNH) opened at $225.13 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $219,330.48, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 1.32 and a beta of 0.70. UnitedHealth Group Inc has a 12 month low of $159.64 and a 12 month high of $250.79.

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 Zacks’ consensus estimate of $2.50 by $0.09. The firm had revenue of $52.06 billion for 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 business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.11 EPS. equities analysts predict that UnitedHealth Group Inc will post 12.51 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. UnitedHealth Group’s dividend payout ratio is currently 28.01%.

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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.

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

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