Jensen Investment Management Inc. boosted its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,817,289 shares of the healthcare conglomerate’s stock after acquiring an additional 221,097 shares during the period. UnitedHealth Group accounts for about 5.1% of Jensen Investment Management Inc.’s holdings, making the stock its 6th biggest position. Jensen Investment Management Inc.’s holdings in UnitedHealth Group were worth $443,437,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Canton Hathaway LLC bought a new stake in UnitedHealth Group during the first quarter valued at approximately $36,000. Truvestments Capital LLC bought a new stake in UnitedHealth Group during the first quarter valued at approximately $42,000. Coastal Capital Group Inc. bought a new stake in UnitedHealth Group during the second quarter valued at approximately $45,000. Creative Financial Designs Inc. ADV lifted its position in UnitedHealth Group by 89.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 201 shares of the healthcare conglomerate’s stock valued at $50,000 after purchasing an additional 95 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in UnitedHealth Group by 235.7% during the second quarter. Capital Advisors Ltd. LLC now owns 235 shares of the healthcare conglomerate’s stock valued at $57,000 after purchasing an additional 165 shares during the last quarter. 85.65% of the stock is owned by institutional investors.
Several brokerages have issued reports on UNH. Citigroup upgraded shares of UnitedHealth Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $247.00 to $280.00 in a research report on Friday, May 10th. Morgan Stanley lifted their target price on shares of UnitedHealth Group from $285.00 to $298.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Cleveland Research reiterated a “buy” rating on shares of UnitedHealth Group in a research report on Monday, July 15th. Cantor Fitzgerald set a $310.00 target price on shares of UnitedHealth Group and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Oppenheimer set a $312.00 target price on shares of UnitedHealth Group and gave the company a “buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eighteen have given a buy rating to the stock. UnitedHealth Group currently has an average rating of “Buy” and a consensus price target of $295.06.
Shares of UNH traded up $1.44 during mid-day trading on Friday, reaching $245.69. The company’s stock had a trading volume of 2,784,100 shares, compared to its average volume of 3,469,252. The stock has a market cap of $230.48 billion, a PE ratio of 17.35, a P/E/G ratio of 1.30 and a beta of 0.61. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.62. UnitedHealth Group Inc has a 52 week low of $208.07 and a 52 week high of $287.94. The company’s fifty day moving average price is $251.25 and its two-hundred day moving average price is $247.71.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.46 by $0.14. The firm had revenue of $60.60 billion during the quarter, compared to analyst estimates of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.14 EPS. Research analysts anticipate that UnitedHealth Group Inc will post 14.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.76%. UnitedHealth Group’s payout ratio is 33.54%.
In other news, Director William C. Ballard, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $255.31, for a total value of $3,063,720.00. Following the completion of the sale, the director now directly owns 61,309 shares in the company, valued at approximately $15,652,800.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Burke sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $246.40, for a total transaction of $1,232,000.00. Following the completion of the sale, the director now owns 187,979 shares of the company’s stock, valued at $46,318,025.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,000 shares of company stock valued at $9,195,620. Company insiders own 0.87% of the company’s stock.
UnitedHealth Group 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 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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