CAPROCK Group Inc. Reduces Position in UnitedHealth Group Inc (UNH)

CAPROCK Group Inc. lowered its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,714 shares of the healthcare conglomerate’s stock after selling 117 shares during the period. CAPROCK Group Inc.’s holdings in UnitedHealth Group were worth $1,922,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UNH. Capital International Investors boosted its stake in UnitedHealth Group by 223.0% during the third quarter. Capital International Investors now owns 16,319,843 shares of the healthcare conglomerate’s stock worth $4,341,731,000 after acquiring an additional 11,267,910 shares in the last quarter. FMR LLC lifted its stake in shares of UnitedHealth Group by 5.1% in the second quarter. FMR LLC now owns 61,622,355 shares of the healthcare conglomerate’s stock worth $15,118,428,000 after buying an additional 2,981,233 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of UnitedHealth Group by 26,088.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,723,185 shares of the healthcare conglomerate’s stock worth $6,477,000 after buying an additional 1,716,605 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of UnitedHealth Group by 1.6% in the third quarter. Vanguard Group Inc now owns 69,342,549 shares of the healthcare conglomerate’s stock worth $18,447,892,000 after buying an additional 1,073,505 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of UnitedHealth Group by 1.6% in the third quarter. Vanguard Group Inc. now owns 69,342,549 shares of the healthcare conglomerate’s stock worth $18,447,892,000 after buying an additional 1,073,505 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Richard T. Burke sold 15,000 shares of the stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $260.55, for a total transaction of $3,908,250.00. Following the transaction, the director now owns 193,872 shares in the company, valued at $50,513,349.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $266.61, for a total transaction of $1,333,050.00. Following the transaction, the director now owns 77,702 shares in the company, valued at approximately $20,716,130.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,090 shares of company stock worth $6,956,975. 0.87% of the stock is owned by insiders.

Several research analysts have recently issued reports on UNH shares. Oppenheimer upped their target price on shares of UnitedHealth Group from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 16th. Argus upped their target price on shares of UnitedHealth Group from $285.00 to $295.00 and gave the stock a “buy” rating in a research note on Monday, December 17th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $279.00 target price on the stock in a research note on Saturday, January 5th. BMO Capital Markets set a $310.00 target price on shares of UnitedHealth Group and gave the stock a “buy” rating in a research note on Tuesday, November 27th. Finally, Stephens started coverage on shares of UnitedHealth Group in a research note on Monday, January 14th. They issued an “overweight” rating and a $287.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $297.80.

Shares of UnitedHealth Group stock opened at $261.90 on Monday. The company has a market cap of $251.96 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.34 and a beta of 0.86. UnitedHealth Group Inc has a twelve month low of $212.01 and a twelve month high of $287.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 0.73.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, January 15th. The healthcare conglomerate reported $3.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.08. The company had revenue of $58.42 billion for the quarter, compared to the consensus estimate of $58.01 billion. UnitedHealth Group had a net margin of 5.30% and a return on equity of 24.38%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.59 earnings per share. On average, research analysts anticipate that UnitedHealth Group Inc will post 14.62 earnings per share for the current fiscal year.

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UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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

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