New York State Teachers Retirement System lowered its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,636,154 shares of the healthcare conglomerate’s stock after selling 21,082 shares during the period. UnitedHealth Group makes up about 0.8% of New York State Teachers Retirement System’s holdings, making the stock its 22nd biggest position. New York State Teachers Retirement System owned 0.17% of UnitedHealth Group worth $320,441,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Chip Partners Inc. acquired a new stake in UnitedHealth Group in the second quarter valued at approximately $110,000. Kings Point Capital Management grew its stake in UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after acquiring an additional 150 shares during the period. Bruderman Asset Management LLC acquired a new stake in UnitedHealth Group in the second quarter valued at approximately $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after acquiring an additional 520 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new stake in UnitedHealth Group in the second quarter valued at approximately $121,000. 86.01% of the stock is owned by institutional investors and hedge funds.
UNH has been the subject of a number of research reports. Leerink Swann reissued a “buy” rating and issued a $240.00 price objective (up previously from $225.00) on shares of UnitedHealth Group in a research note on Wednesday, October 18th. Cantor Fitzgerald reissued a “buy” rating and issued a $208.00 price objective on shares of UnitedHealth Group in a research note on Tuesday, October 17th. Jefferies Group raised their price objective on UnitedHealth Group from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 price objective for the company in a research note on Thursday, September 21st. Finally, ValuEngine raised UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $224.98.
UnitedHealth Group Inc (NYSE:UNH) opened at $222.77 on Friday. UnitedHealth Group Inc has a fifty-two week low of $156.09 and a fifty-two week high of $231.77. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $215,390.00, a P/E ratio of 25.31, a PEG ratio of 1.63 and a beta of 0.66.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, topping the Zacks’ consensus estimate of $2.57 by $0.09. The business had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a return on equity of 22.54% and a net margin of 5.09%. UnitedHealth Group’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $2.17 earnings per share. sell-side analysts forecast that UnitedHealth Group Inc will post 9.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 34.09%.
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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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