World Asset Management Inc cut its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,989 shares of the healthcare conglomerate’s stock after selling 335 shares during the quarter. UnitedHealth Group comprises 0.9% of World Asset Management Inc’s portfolio, making the stock its 12th biggest holding. World Asset Management Inc’s holdings in UnitedHealth Group were worth $18,088,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Advisors Capital Management LLC grew its holdings in UnitedHealth Group by 15.2% in the 3rd quarter. Advisors Capital Management LLC now owns 1,437 shares of the healthcare conglomerate’s stock valued at $382,000 after buying an additional 190 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in UnitedHealth Group by 26.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 920 shares of the healthcare conglomerate’s stock valued at $226,000 after buying an additional 193 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in UnitedHealth Group by 1.2% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,096 shares of the healthcare conglomerate’s stock valued at $4,194,000 after buying an additional 200 shares in the last quarter. Ballentine Partners LLC grew its holdings in UnitedHealth Group by 2.3% in the 2nd quarter. Ballentine Partners LLC now owns 9,038 shares of the healthcare conglomerate’s stock valued at $2,218,000 after buying an additional 202 shares in the last quarter. Finally, Nikulski Financial Inc. grew its holdings in UnitedHealth Group by 1.8% in the 2nd quarter. Nikulski Financial Inc. now owns 11,759 shares of the healthcare conglomerate’s stock valued at $2,885,000 after buying an additional 205 shares in the last quarter. 85.35% of the stock is currently owned by institutional investors and hedge funds.
NYSE:UNH opened at $259.61 on Friday. The firm has a market cap of $256.06 billion, a PE ratio of 25.78, a P/E/G ratio of 1.58 and a beta of 0.73. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.63. UnitedHealth Group Inc has a fifty-two week low of $186.00 and a fifty-two week high of $272.07.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, July 17th. The healthcare conglomerate reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.10. UnitedHealth Group had a return on equity of 22.79% and a net margin of 5.55%. The business had revenue of $56.09 billion during the quarter, compared to the consensus estimate of $56.10 billion. During the same period in the prior year, the company earned $2.46 EPS. UnitedHealth Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts expect that UnitedHealth Group Inc will post 12.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Friday, September 7th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, September 6th. This represents a $3.60 annualized dividend and a dividend yield of 1.39%. UnitedHealth Group’s dividend payout ratio is currently 35.75%.
In related news, Director Kenneth Irwin Shine sold 177 shares of the company’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $255.72, for a total transaction of $45,262.44. Following the completion of the sale, the director now directly owns 29,053 shares in the company, valued at approximately $7,429,433.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steven H. Nelson sold 8,142 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $265.00, for a total value of $2,157,630.00. Following the sale, the chief executive officer now owns 22,496 shares of the company’s stock, valued at $5,961,440. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,745 shares of company stock valued at $24,995,290. 0.87% of the stock is owned by corporate insiders.
UNH has been the topic of a number of research reports. Jefferies Financial Group upped their price objective on UnitedHealth Group from $270.00 to $311.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. Morgan Stanley upped their price objective on UnitedHealth Group from $278.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, September 5th. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $300.00 target price on shares of UnitedHealth Group in a research report on Thursday, July 5th. One research analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $278.61.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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