Conning Inc. Sells 1,810 Shares of UnitedHealth Group Inc (UNH)

Conning Inc. trimmed its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,359 shares of the healthcare conglomerate’s stock after selling 1,810 shares during the period. Conning Inc.’s holdings in UnitedHealth Group were worth $8,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Argent Trust Co grew its holdings in UnitedHealth Group by 8.3% during the fourth quarter. Argent Trust Co now owns 13,911 shares of the healthcare conglomerate’s stock valued at $3,066,000 after purchasing an additional 1,061 shares during the period. Principal Financial Group Inc. grew its holdings in UnitedHealth Group by 6.5% during the first quarter. Principal Financial Group Inc. now owns 1,945,624 shares of the healthcare conglomerate’s stock valued at $416,364,000 after purchasing an additional 119,386 shares during the period. Avalon Advisors LLC grew its holdings in UnitedHealth Group by 12.4% during the first quarter. Avalon Advisors LLC now owns 198,237 shares of the healthcare conglomerate’s stock valued at $42,423,000 after purchasing an additional 21,838 shares during the period. Neville Rodie & Shaw Inc. acquired a new position in UnitedHealth Group during the second quarter valued at approximately $3,353,000. Finally, Cibc Bank USA acquired a new position in UnitedHealth Group during the second quarter valued at approximately $1,863,000. 85.44% of the stock is owned by institutional investors and hedge funds.

UnitedHealth Group stock opened at $260.93 on Friday. The company has a market capitalization of $248.59 billion, a PE ratio of 25.91, a P/E/G ratio of 1.49 and a beta of 0.73. UnitedHealth Group Inc has a twelve month low of $208.48 and a twelve month high of $272.81. The company has a quick ratio of 0.75, a current ratio of 0.69 and a debt-to-equity ratio of 0.61.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.30 by $0.11. The company had revenue of $56.56 billion during the quarter, compared to analysts’ expectations of $56.34 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 earnings per share. As a group, equities research analysts predict that UnitedHealth Group Inc will post 12.81 EPS for the current fiscal year.

A number of brokerages recently issued reports on UNH. BMO Capital Markets boosted their price objective on shares of UnitedHealth Group to $310.00 and gave the company an “outperform” rating in a report on Thursday, October 18th. Argus boosted their price objective on shares of UnitedHealth Group to $285.00 and gave the company a “buy” rating in a report on Thursday, October 18th. Oppenheimer boosted their price objective on shares of UnitedHealth Group from $276.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. Royal Bank of Canada boosted their price objective on shares of UnitedHealth Group to $308.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. Finally, Piper Jaffray Companies boosted their price objective on shares of UnitedHealth Group to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 17th. One research analyst has rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $289.41.

In other news, CEO Steven H. Nelson sold 8,142 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $265.00, for a total value of $2,157,630.00. Following the completion of the transaction, the chief executive officer now owns 22,496 shares in the company, valued at $5,961,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Ballard, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $258.83, for a total transaction of $2,588,300.00. Following the completion of the transaction, the director now owns 77,172 shares of the company’s stock, valued at approximately $19,974,428.76. The disclosure for this sale can be found here. Insiders sold 79,568 shares of company stock valued at $21,128,177 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

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

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