Pacer Advisors Inc. lifted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,972 shares of the healthcare conglomerate’s stock after purchasing an additional 1,414 shares during the period. UnitedHealth Group accounts for approximately 0.4% of Pacer Advisors Inc.’s portfolio, making the stock its 26th largest position. Pacer Advisors Inc.’s holdings in UnitedHealth Group were worth $4,445,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of UNH. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of UnitedHealth Group by 1,722.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after purchasing an additional 603 shares during the period. Blue Chip Partners Inc. purchased a new stake in shares of UnitedHealth Group during the second quarter worth about $110,000. Kings Point Capital Management boosted its holdings in shares of UnitedHealth Group by 27.9% during the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after purchasing an additional 150 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of UnitedHealth Group by 433.3% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after purchasing an additional 520 shares during the period. Finally, BDO Wealth Advisors LLC purchased a new stake in shares of UnitedHealth Group during the second quarter worth about $121,000. Institutional investors own 86.14% of the company’s stock.
In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total transaction of $969,900.00. Following the transaction, the director now owns 76,058 shares in the company, valued at approximately $14,753,730.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas E. Roos sold 975 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $205.47, for a total transaction of $200,333.25. Following the transaction, the insider now owns 24,630 shares in the company, valued at approximately $5,060,726.10. The disclosure for this sale can be found here. Insiders have sold a total of 77,149 shares of company stock worth $15,182,242 in the last 90 days. 0.89% of the stock is currently owned by company insiders.
UNH has been the subject of a number of analyst reports. Cantor Fitzgerald reiterated a “buy” rating and set a $205.00 target price on shares of UnitedHealth Group in a report on Friday, July 7th. BidaskClub upgraded shares of UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $190.00 target price on shares of UnitedHealth Group in a report on Monday, July 10th. Credit Suisse Group reiterated an “outperform” rating and set a $200.00 target price (up from $195.00) on shares of UnitedHealth Group in a report on Thursday, July 13th. Finally, Deutsche Bank AG increased their target price on shares of UnitedHealth Group from $187.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $215.27.
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Shares of UnitedHealth Group Incorporated (NYSE UNH) opened at 209.39 on Tuesday. UnitedHealth Group Incorporated has a one year low of $136.22 and a one year high of $212.77. The stock has a market cap of $207.09 billion, a PE ratio of 23.78 and a beta of 0.63. The company has a 50-day moving average of $199.17 and a 200 day moving average of $188.12.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The business had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter in the prior year, the business posted $2.17 EPS. UnitedHealth Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts predict that UnitedHealth Group Incorporated will post $9.99 earnings per share for the current year.
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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