UnitedHealth Group Incorporated (UNH) Stake Raised by Logan Capital Management Inc.

Logan Capital Management Inc. raised its position in UnitedHealth Group Incorporated (NYSE:UNH) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,711 shares of the healthcare conglomerate’s stock after buying an additional 668 shares during the period. Logan Capital Management Inc.’s holdings in UnitedHealth Group were worth $445,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. increased its stake in shares of UnitedHealth Group by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,097 shares of the healthcare conglomerate’s stock worth $180,000 after buying an additional 4 shares during the period. Adirondack Trust Co. increased its stake in shares of UnitedHealth Group by 0.5% in the first quarter. Adirondack Trust Co. now owns 990 shares of the healthcare conglomerate’s stock worth $162,000 after buying an additional 5 shares during the period. Paradigm Financial Advisors LLC increased its stake in shares of UnitedHealth Group by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 2,761 shares of the healthcare conglomerate’s stock worth $452,000 after buying an additional 11 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after buying an additional 12 shares during the period. Finally, Harwood Advisory Group LLC increased its stake in shares of UnitedHealth Group by 0.8% in the first quarter. Harwood Advisory Group LLC now owns 1,885 shares of the healthcare conglomerate’s stock worth $309,000 after buying an additional 15 shares during the period. Institutional investors own 86.37% of the company’s stock.

UnitedHealth Group Incorporated (NYSE UNH) traded up 0.41% during mid-day trading on Friday, hitting $193.35. The company had a trading volume of 696,011 shares. The stock has a 50 day moving average price of $189.18 and a 200-day moving average price of $174.51. UnitedHealth Group Incorporated has a 1-year low of $132.39 and a 1-year high of $196.04. The stock has a market capitalization of $186.94 billion, a PE ratio of 23.23 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.08. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The company had revenue of $50.05 billion for the quarter, compared to analyst estimates of $49.97 billion. During the same period in the prior year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.

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A number of research firms have weighed in on UNH. UBS AG restated a “buy” rating and set a $194.00 price target (up previously from $193.00) on shares of UnitedHealth Group in a research report on Saturday, April 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $205.00 price target (up previously from $200.00) on shares of UnitedHealth Group in a research report on Saturday, April 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $190.00 price target on shares of UnitedHealth Group in a research report on Monday, July 10th. Credit Suisse Group restated an “outperform” rating and set a $200.00 price target (up previously from $195.00) on shares of UnitedHealth Group in a research report on Thursday, July 13th. Finally, Citigroup Inc. raised their price target on UnitedHealth Group from $195.00 to $213.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $200.24.

In related news, Director Gail R. Wilensky sold 5,540 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $178.74, for a total value of $990,219.60. Following the sale, the director now directly owns 60,516 shares of the company’s stock, valued at approximately $10,816,629.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction of $969,900.00. Following the completion of the sale, the director now directly owns 76,058 shares in the company, valued at $14,753,730.84. The disclosure for this sale can be found here. Insiders sold a total of 15,540 shares of company stock worth $2,873,320 over the last three months. 0.89% of the stock is currently owned by corporate insiders.

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.

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

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