UnitedHealth Group Inc (UNH) Stake Lifted by Heritage Investors Management Corp

Heritage Investors Management Corp increased its stake in UnitedHealth Group Inc (NYSE:UNH) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,185 shares of the healthcare conglomerate’s stock after purchasing an additional 1,668 shares during the period. Heritage Investors Management Corp’s holdings in UnitedHealth Group were worth $4,149,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its position in UnitedHealth Group by 1.2% in the 2nd quarter. BlackRock Inc. now owns 69,430,416 shares of the healthcare conglomerate’s stock worth $12,873,786,000 after purchasing an additional 796,654 shares during the last quarter. Vanguard Group Inc. raised its position in UnitedHealth Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock worth $11,974,168,000 after purchasing an additional 1,588,516 shares during the last quarter. FMR LLC raised its position in UnitedHealth Group by 2.1% in the 2nd quarter. FMR LLC now owns 56,101,668 shares of the healthcare conglomerate’s stock worth $10,402,371,000 after purchasing an additional 1,168,324 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of UnitedHealth Group by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock valued at $1,466,104,000 after acquiring an additional 174,290 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of UnitedHealth Group by 3.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,882,427 shares of the healthcare conglomerate’s stock valued at $1,090,720,000 after acquiring an additional 223,524 shares during the last quarter. Hedge funds and other institutional investors own 86.01% of the company’s stock.

In related news, Director Gail R. Wilensky sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $223.31, for a total value of $1,250,536.00. Following the completion of the transaction, the director now directly owns 61,137 shares of the company’s stock, valued at approximately $13,652,503.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas E. Roos sold 975 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total transaction of $200,333.25. Following the completion of the transaction, the insider now directly owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,630 shares of company stock valued at $7,669,416. Company insiders own 0.89% of the company’s stock.

UnitedHealth Group Inc (UNH) opened at $220.42 on Thursday. The firm has a market cap of $212,610.00, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.63 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70. UnitedHealth Group Inc has a one year low of $156.09 and a one year high of $231.77.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.57 by $0.09. The firm had revenue of $50.32 billion during the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a net margin of 5.09% and a return on equity of 22.54%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.17 EPS. analysts predict that UnitedHealth Group Inc will post 9.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, November 30th. UnitedHealth Group’s payout ratio is presently 34.09%.

UNH has been the subject of several recent research reports. ValuEngine upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cantor Fitzgerald upped their target price on shares of UnitedHealth Group to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Wells Fargo & Co reiterated an “outperform” rating and set a $245.00 target price (up previously from $230.00) on shares of UnitedHealth Group in a research report on Wednesday, November 29th. Credit Suisse Group initiated coverage on shares of UnitedHealth Group in a research report on Thursday, November 2nd. They set an “outperform” rating and a $233.00 target price for the company. Finally, Royal Bank of Canada upped their target price on shares of UnitedHealth Group to $244.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $224.98.

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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.

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

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