Nisa Investment Advisors LLC increased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,877 shares of the healthcare conglomerate’s stock after buying an additional 7,648 shares during the period. UnitedHealth Group comprises 0.8% of Nisa Investment Advisors LLC’s portfolio, making the stock its 19th largest position. Nisa Investment Advisors LLC’s holdings in UnitedHealth Group were worth $71,999,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. raised its stake in shares of UnitedHealth Group by 0.4% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,093 shares of the healthcare conglomerate’s stock valued at $175,000 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 valued at $162,000 after buying an additional 5 shares in the last quarter. RB Capital Management LLC increased its stake in shares of UnitedHealth Group by 0.4% in the second quarter. RB Capital Management LLC now owns 1,732 shares of the healthcare conglomerate’s stock valued at $321,000 after buying an additional 7 shares in the last quarter. Paradigm Financial Advisors LLC increased its position 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 valued at $452,000 after buying an additional 11 shares during the period. Finally, Parkside Financial Bank & Trust increased its position 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 valued at $140,000 after buying an additional 12 shares during the period. 86.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of UnitedHealth Group Incorporated (NYSE UNH) traded down 0.98% during midday trading on Friday, reaching $190.82. The company’s stock had a trading volume of 2,858,501 shares. The company has a market capitalization of $184.50 billion, a P/E ratio of 22.92 and a beta of 0.64. The company’s 50-day moving average price is $190.49 and its 200 day moving average price is $175.87. UnitedHealth Group Incorporated has a 12-month low of $132.39 and a 12-month high of $196.04.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.08. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The business had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. During the same quarter last year, the business posted $1.96 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, September 7th. UnitedHealth Group’s payout ratio is presently 35.13%.
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UNH has been the subject of several recent research reports. Morgan Stanley boosted their price objective on UnitedHealth Group from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday. Cowen and Company reaffirmed an “outperform” rating and issued a $220.00 price target (up from $175.00) on shares of UnitedHealth Group in a research note on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and set a $215.00 target price on shares of UnitedHealth Group in a research note on Friday. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Tuesday, August 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $210.00 price objective (up previously from $190.00) on shares of UnitedHealth Group in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $203.41.
In other news, Director Gail R. Wilensky sold 5,540 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $178.74, for a total value of $990,219.60. Following the transaction, the director now directly owns 60,516 shares in the company, valued at approximately $10,816,629.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now owns 76,058 shares in the company, valued at $14,753,730.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,540 shares of company stock valued at $2,873,320. 0.89% of the stock is currently owned by company insiders.
UnitedHealth Group Company Profile
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.
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