Burney Co. Decreases Position in UnitedHealth Group Incorporated (UNH)

Burney Co. decreased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,781 shares of the healthcare conglomerate’s stock after selling 4,952 shares during the quarter. UnitedHealth Group comprises about 1.7% of Burney Co.’s investment portfolio, making the stock its 4th largest position. Burney Co.’s holdings in UnitedHealth Group were worth $25,712,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. RB Capital Management LLC raised its stake in UnitedHealth Group by 0.4% during the second quarter. RB Capital Management LLC now owns 1,732 shares of the healthcare conglomerate’s stock valued at $321,000 after purchasing an additional 7 shares in the last quarter. Altfest L J & Co. Inc. raised its stake in UnitedHealth Group by 0.3% during the second quarter. Altfest L J & Co. Inc. now owns 2,963 shares of the healthcare conglomerate’s stock valued at $549,000 after purchasing an additional 10 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in UnitedHealth Group by 1.4% during the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after purchasing an additional 12 shares in the last quarter. Budros Ruhlin & Roe Inc. raised its stake in UnitedHealth Group by 0.8% during the first quarter. Budros Ruhlin & Roe Inc. now owns 1,832 shares of the healthcare conglomerate’s stock valued at $301,000 after purchasing an additional 15 shares in the last quarter. Finally, Hanson McClain Inc. raised its stake in UnitedHealth Group by 1.7% during the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after purchasing an additional 15 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

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UnitedHealth Group Incorporated (NYSE UNH) opened at $212.87 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.52. UnitedHealth Group Incorporated has a 1-year low of $136.22 and a 1-year high of $213.83. The stock has a market cap of $205,815.48, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $50.32 billion for the quarter, compared to analysts’ expectations of $50.38 billion. During the same period in the prior year, the business earned $2.17 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. equities analysts anticipate that UnitedHealth Group Incorporated will post 9.99 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. Barclays PLC upped their price target on shares of UnitedHealth Group from $200.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, July 19th. Leerink Swann reaffirmed a “buy” rating and set a $240.00 price target (up previously from $225.00) on shares of UnitedHealth Group in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 price target on the stock in a research note on Thursday, September 21st. Cowen and Company reaffirmed a “buy” rating on shares of UnitedHealth Group in a research note on Friday, July 14th. Finally, Cantor Fitzgerald boosted their price objective on shares of UnitedHealth Group to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $216.65.

In other UnitedHealth Group news, Director Gail R. Wilensky sold 5,600 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the transaction, the director now directly owns 60,834 shares in the company, valued at approximately $12,135,774.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the transaction, the director now owns 1,818,898 shares in the company, valued at $348,700,935.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,149 shares of company stock worth $14,212,342. 0.89% of the stock is 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.

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

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