MUFG Securities EMEA plc Buys 115,000 Shares of UnitedHealth Group Inc (UNH)

MUFG Securities EMEA plc grew its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 67.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 285,000 shares of the healthcare conglomerate’s stock after acquiring an additional 115,000 shares during the period. UnitedHealth Group accounts for 2.0% of MUFG Securities EMEA plc’s investment portfolio, making the stock its 8th biggest holding. MUFG Securities EMEA plc’s holdings in UnitedHealth Group were worth $55,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UNH. BlackRock Inc. boosted its holdings in UnitedHealth Group by 1.2% in the second 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 in the last quarter. Vanguard Group Inc. boosted its holdings in UnitedHealth Group by 2.5% in the second 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 in the last quarter. FMR LLC boosted its holdings in UnitedHealth Group by 2.1% in the second 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 in the last quarter. Alliancebernstein L.P. boosted its holdings in UnitedHealth Group by 2.3% in the second quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock worth $1,466,104,000 after purchasing an additional 174,290 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in UnitedHealth Group by 3.9% in the second quarter. TIAA CREF Investment Management LLC now owns 5,882,427 shares of the healthcare conglomerate’s stock worth $1,090,720,000 after purchasing an additional 223,524 shares in the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Deutsche Bank upped their price objective on shares of UnitedHealth Group to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Wells Fargo & Co reiterated an “outperform” rating and issued a $245.00 price objective (up from $230.00) on shares of UnitedHealth Group in a report on Wednesday, November 29th. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a report on Friday, December 1st. Citigroup upped their price objective on shares of UnitedHealth Group from $213.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets assumed coverage on shares of UnitedHealth Group in a report on Monday, October 16th. They issued an “outperform” rating and a $250.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $243.22.

Shares of UnitedHealth Group Inc (NYSE:UNH) opened at $245.21 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.58. UnitedHealth Group Inc has a fifty-two week low of $156.49 and a fifty-two week high of $246.98. The stock has a market cap of $237,080.00, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.42 and a beta of 0.66.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.09. The business had revenue of $52.06 billion during the quarter, compared to analyst estimates of $51.57 billion. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 earnings per share. equities research analysts predict that UnitedHealth Group Inc will post 12.52 EPS for the current fiscal year.

In other news, Director Kenneth Irwin Shine sold 198 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $242.55, for a total transaction of $48,024.90. Following the completion of the transaction, the director now owns 1,790,567 shares of the company’s stock, valued at $434,302,025.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Larry C. Renfro sold 22,598 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the transaction, the chief executive officer now directly owns 195,314 shares of the company’s stock, valued at approximately $43,310,879.50. The disclosure for this sale can be found here. Insiders have sold 33,853 shares of company stock valued at $7,517,108 in the last ninety days. 0.89% of the stock is owned by company insiders.

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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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