Westpac Banking Corp Sells 8,910 Shares of UnitedHealth Group Inc (UNH)

Westpac Banking Corp lessened its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,448 shares of the healthcare conglomerate’s stock after selling 8,910 shares during the period. Westpac Banking Corp’s holdings in UnitedHealth Group were worth $20,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its position in UnitedHealth Group by 16.9% during the second quarter. American Century Companies Inc. now owns 4,703,113 shares of the healthcare conglomerate’s stock valued at $872,051,000 after buying an additional 681,111 shares during the period. KBC Group NV grew its position in UnitedHealth Group by 4.7% during the third quarter. KBC Group NV now owns 323,799 shares of the healthcare conglomerate’s stock valued at $63,416,000 after buying an additional 14,672 shares during the period. DekaBank Deutsche Girozentrale grew its position in UnitedHealth Group by 2.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 489,647 shares of the healthcare conglomerate’s stock valued at $95,646,000 after buying an additional 9,810 shares during the period. Essex Financial Services Inc. grew its position in UnitedHealth Group by 12.3% during the second quarter. Essex Financial Services Inc. now owns 8,846 shares of the healthcare conglomerate’s stock valued at $1,640,000 after buying an additional 967 shares during the period. Finally, Bainco International Investors grew its position in UnitedHealth Group by 5.4% during the third quarter. Bainco International Investors now owns 82,676 shares of the healthcare conglomerate’s stock valued at $16,192,000 after buying an additional 4,202 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

UNH has been the topic of several analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $225.00 price target on shares of UnitedHealth Group in a research report on Monday, November 27th. Jefferies Group reiterated a “buy” rating and issued a $248.00 target price on shares of UnitedHealth Group in a research report on Friday, December 1st. Deutsche Bank lifted their target price on shares of UnitedHealth Group to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group initiated coverage on shares of UnitedHealth Group in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $233.00 target price on the stock. Finally, Royal Bank of Canada lifted their target price on shares of UnitedHealth Group to $244.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $243.22.

In related news, Director Michele J. Hooper sold 5,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $222.20, for a total transaction of $1,111,000.00. Following the transaction, the director now directly owns 36,989 shares in the company, valued at $8,218,955.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michele J. Hooper sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 37,284 shares in the company, valued at $8,864,643.84. The disclosure for this sale can be found here. Insiders have sold 53,396 shares of company stock worth $12,262,067 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

UnitedHealth Group Inc (NYSE:UNH) opened at $227.09 on Friday. The firm has a market cap of $217,849.95, a PE ratio of 22.33, a P/E/G ratio of 1.31 and a beta of 0.70. UnitedHealth Group Inc has a 52-week low of $160.69 and a 52-week high of $250.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 0.73.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 5.25% and a return on equity of 21.29%. UnitedHealth Group’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.11 earnings per share. analysts anticipate that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a yield of 1.32%. UnitedHealth Group’s payout ratio is presently 28.01%.

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

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