UnitedHealth Group Incorporated (UNH) is Evercore Wealth Management LLC’s 2nd Largest Position

Evercore Wealth Management LLC decreased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 386,969 shares of the healthcare conglomerate’s stock after selling 10,410 shares during the period. UnitedHealth Group comprises about 2.8% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Evercore Wealth Management LLC’s holdings in UnitedHealth Group were worth $71,752,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UNH. Blue Chip Partners Inc. acquired a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $110,000. Bruderman Asset Management LLC acquired a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of UnitedHealth Group by 433.3% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after buying an additional 520 shares during the period. BDO Wealth Advisors LLC acquired a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $121,000. Finally, Kings Point Capital Management boosted its stake in shares of UnitedHealth Group by 27.9% during the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 150 shares during the period. 86.20% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on UNH shares. Cowen reissued an “outperform” rating and set a $220.00 target price (up previously from $175.00) on shares of UnitedHealth Group in a research note on Friday, August 11th. Morgan Stanley lifted their target price on shares of UnitedHealth Group from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, August 17th. Jefferies Group reissued a “buy” rating and set a $215.00 target price on shares of UnitedHealth Group in a research note on Friday, August 18th. UBS reissued an “overweight” rating on shares of UnitedHealth Group in a research note on Thursday, August 24th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of UnitedHealth Group in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. UnitedHealth Group currently has a consensus rating of “Buy” and an average target price of $224.56.

In related news, insider Larry C. Renfro sold 50,574 shares of UnitedHealth Group stock in a transaction on Friday, September 15th. The shares were sold at an average price of $198.11, for a total value of $10,019,215.14. Following the transaction, the insider now owns 195,625 shares in the company, valued at approximately $38,755,268.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the completion of the transaction, the director now owns 60,834 shares in the company, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. Insiders sold a total of 63,206 shares of company stock worth $12,683,669 in the last quarter. Insiders own 0.89% of the company’s stock.

UnitedHealth Group Incorporated (NYSE:UNH) traded down $1.39 during trading on Friday, hitting $226.78. 3,326,053 shares of the stock were exchanged, compared to its average volume of 2,316,383. The company has a market cap of $219,765.23, a P/E ratio of 23.62, a P/E/G ratio of 1.68 and a beta of 0.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52. UnitedHealth Group Incorporated has a fifty-two week low of $156.09 and a fifty-two week high of $229.22.

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, beating analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $50.32 billion for the quarter, compared to the consensus estimate of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. UnitedHealth Group’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.17 EPS. equities research analysts anticipate that UnitedHealth Group Incorporated will post 9.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a $0.75 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.00 annualized dividend and a yield of 1.32%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.26%.

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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.

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

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