406,600 Shares in UnitedHealth Group Inc (UNH) Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd acquired a new position in shares of UnitedHealth Group Inc (NYSE:UNH) in the 3rd quarter, Holdings Channel reports. The fund acquired 406,600 shares of the healthcare conglomerate’s stock, valued at approximately $79,633,000. UnitedHealth Group accounts for about 3.6% of AustralianSuper Pty Ltd’s holdings, making the stock its 13th biggest holding.

Other institutional investors also recently modified their holdings of the company. Capital International Investors raised its holdings in UnitedHealth Group by 399.3% in the 3rd quarter. Capital International Investors now owns 4,132,602 shares of the healthcare conglomerate’s stock valued at $809,370,000 after acquiring an additional 3,304,902 shares during the last quarter. Jennison Associates LLC raised its holdings in UnitedHealth Group by 146.0% in the 3rd quarter. Jennison Associates LLC now owns 5,541,977 shares of the healthcare conglomerate’s stock valued at $1,085,396,000 after acquiring an additional 3,289,470 shares during the last quarter. Janus Henderson Group PLC raised its holdings in UnitedHealth Group by 1,820.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,388,641 shares of the healthcare conglomerate’s stock valued at $442,896,000 after acquiring an additional 2,264,242 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 valued at $11,974,168,000 after acquiring an additional 1,588,516 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in UnitedHealth Group by 77.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,584,134 shares of the healthcare conglomerate’s stock valued at $664,570,000 after acquiring an additional 1,562,661 shares during the last quarter. Hedge funds and other institutional investors own 86.00% of the company’s stock.

Shares of UnitedHealth Group Inc (UNH) opened at $225.69 on Tuesday. The company has a market capitalization of $218,710.00, a price-to-earnings ratio of 21.07, a PEG ratio of 1.29 and a beta of 0.70. 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 twelve month low of $156.49 and a twelve month high of $250.79.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The business had revenue of $52.06 billion during the quarter, compared to the consensus estimate of $51.57 billion. During the same period in the prior year, the firm posted $2.11 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. research analysts predict that UnitedHealth Group Inc will post 12.51 earnings per share for the current year.

In related news, Director Michele J. Hooper sold 5,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $222.20, for a total transaction of $1,111,000.00. Following the completion of the sale, the director now directly owns 36,989 shares of the company’s stock, valued at approximately $8,218,955.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $223.31, for a total transaction of $1,250,536.00. Following the sale, the director now directly owns 61,137 shares of the company’s stock, valued at $13,652,503.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,396 shares of company stock valued at $12,262,067. 0.89% of the stock is owned by corporate insiders.

Several brokerages have weighed in on UNH. Deutsche Bank boosted their price target on UnitedHealth Group to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Wells Fargo & Co reiterated an “outperform” rating and issued a $245.00 price target (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 boosted their price target on UnitedHealth Group from $213.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets began coverage on UnitedHealth Group in a report on Monday, October 16th. They issued an “outperform” rating and a $250.00 price target for the company. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. UnitedHealth Group currently has an average rating of “Buy” and an average target price of $243.22.

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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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