Private Ocean LLC Boosts Holdings in UnitedHealth Group Inc (NYSE:UNH)

Private Ocean LLC grew its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 90.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 268 shares of the healthcare conglomerate’s stock after purchasing an additional 127 shares during the period. Private Ocean LLC’s holdings in UnitedHealth Group were worth $59,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Garrison Point Advisors LLC increased its stake in shares of UnitedHealth Group by 1.2% in the second quarter. Garrison Point Advisors LLC now owns 3,486 shares of the healthcare conglomerate’s stock worth $851,000 after buying an additional 40 shares during the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of UnitedHealth Group by 0.6% during the third quarter. Clear Harbor Asset Management LLC now owns 6,573 shares of the healthcare conglomerate’s stock valued at $1,428,000 after acquiring an additional 40 shares during the period. Smith Moore & CO. lifted its holdings in UnitedHealth Group by 1.3% in the second quarter. Smith Moore & CO. now owns 3,156 shares of the healthcare conglomerate’s stock worth $770,000 after purchasing an additional 41 shares during the period. Integrated Investment Consultants LLC lifted its holdings in UnitedHealth Group by 3.9% in the second quarter. Integrated Investment Consultants LLC now owns 1,131 shares of the healthcare conglomerate’s stock worth $276,000 after purchasing an additional 42 shares during the period. Finally, Meridian Financial Partners LLC lifted its holdings in UnitedHealth Group by 2.7% in the second quarter. Meridian Financial Partners LLC now owns 1,633 shares of the healthcare conglomerate’s stock worth $403,000 after purchasing an additional 43 shares during the period. Institutional investors own 85.66% of the company’s stock.

UnitedHealth Group stock traded up $0.51 during midday trading on Friday, hitting $256.97. The company’s stock had a trading volume of 2,161,274 shares, compared to its average volume of 4,544,972. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average price is $234.76 and its 200-day moving average price is $241.05. UnitedHealth Group Inc has a 12 month low of $208.07 and a 12 month high of $287.94. The company has a market capitalization of $237.20 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 EPS for the quarter, topping the consensus estimate of $3.75 by $0.13. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The firm had revenue of $60.35 billion for the quarter, compared to analysts’ expectations of $59.84 billion. During the same period in the previous year, the business earned $3.41 earnings per share. UnitedHealth Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities analysts anticipate that UnitedHealth Group Inc will post 14.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.68%. UnitedHealth Group’s payout ratio is presently 33.54%.

Several research firms recently weighed in on UNH. Zacks Investment Research raised shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price objective for the company in a report on Monday, July 22nd. Morgan Stanley reduced their price objective on shares of UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating for the company in a report on Thursday, September 26th. UBS Group reduced their price objective on shares of UnitedHealth Group from $281.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada set a $311.00 price objective on shares of UnitedHealth Group and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Citigroup reduced their price objective on shares of UnitedHealth Group from $299.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $283.84.

In other UnitedHealth Group news, Director Richard T. Burke sold 2,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $231.50, for a total transaction of $463,000.00. Following the sale, the director now owns 187,979 shares in the company, valued at approximately $43,517,138.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard T. Burke sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $236.56, for a total value of $5,914,000.00. Following the sale, the director now owns 163,331 shares in the company, valued at approximately $38,637,581.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,177 shares of company stock worth $7,842,582. 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 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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