Ray Gerald L & Associates Ltd. Sells 950 Shares of UnitedHealth Group Incorporated (UNH)

Ray Gerald L & Associates Ltd. reduced its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,270 shares of the healthcare conglomerate’s stock after selling 950 shares during the quarter. UnitedHealth Group accounts for 1.3% of Ray Gerald L & Associates Ltd.’s holdings, making the stock its 13th largest position. Ray Gerald L & Associates Ltd.’s holdings in UnitedHealth Group were worth $10,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in UNH. Dorsey Wright & Associates raised its position in UnitedHealth Group by 11.1% during the first quarter. Dorsey Wright & Associates now owns 11,522 shares of the healthcare conglomerate’s stock valued at $1,890,000 after acquiring an additional 1,147 shares in the last quarter. Strategic Advisors LLC raised its position in UnitedHealth Group by 19.5% during the first quarter. Strategic Advisors LLC now owns 2,339 shares of the healthcare conglomerate’s stock valued at $384,000 after acquiring an additional 382 shares in the last quarter. Point View Wealth Management Inc. raised its position in UnitedHealth Group by 7.2% during the first quarter. Point View Wealth Management Inc. now owns 7,061 shares of the healthcare conglomerate’s stock valued at $1,158,000 after acquiring an additional 476 shares in the last quarter. Harbour Investment Management LLC purchased a new stake in shares of UnitedHealth Group in the first quarter valued at approximately $1,374,000. Finally, Suntrust Banks Inc. increased its position in shares of UnitedHealth Group by 8.5% in the first quarter. Suntrust Banks Inc. now owns 260,811 shares of the healthcare conglomerate’s stock valued at $42,774,000 after buying an additional 20,541 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

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In other news, insider Thomas E. Roos sold 975 shares of UnitedHealth Group stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total value of $200,333.25. Following the completion of the sale, the insider now owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total value of $1,117,144.00. Following the completion of the sale, the director now directly owns 60,834 shares of the company’s stock, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. Insiders have sold 72,149 shares of company stock valued at $14,212,342 in the last three months. 0.89% of the stock is currently owned by company insiders.

A number of analysts have recently commented on the company. Credit Suisse Group assumed coverage on UnitedHealth Group in a research report on Thursday. They issued an “outperform” rating and a $233.00 price objective for the company. Cowen and Company restated an “outperform” rating and issued a $220.00 price objective (up from $175.00) on shares of UnitedHealth Group in a research report on Friday, August 11th. Mizuho restated a “buy” rating on shares of UnitedHealth Group in a research report on Tuesday, October 24th. Oppenheimer Holdings, Inc. boosted their price objective on UnitedHealth Group from $215.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. UnitedHealth Group currently has an average rating of “Buy” and a consensus target price of $216.65.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion during the quarter, compared to the consensus estimate of $50.38 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. UnitedHealth Group’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.17 earnings per share.

UnitedHealth Group 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.

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

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