UnitedHealth Group Inc (UNH) Shares Bought by HM Capital Management LLC

HM Capital Management LLC increased its stake in UnitedHealth Group Inc (NYSE:UNH) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,302 shares of the healthcare conglomerate’s stock after acquiring an additional 200 shares during the period. UnitedHealth Group makes up 0.7% of HM Capital Management LLC’s investment portfolio, making the stock its 17th largest position. HM Capital Management LLC’s holdings in UnitedHealth Group were worth $823,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ipswich Investment Management Co. Inc. bought a new stake in shares of UnitedHealth Group in the fourth quarter worth $40,000. OLD Second National Bank of Aurora boosted its holdings in UnitedHealth Group by 70.0% in the fourth quarter. OLD Second National Bank of Aurora now owns 170 shares of the healthcare conglomerate’s stock worth $42,000 after purchasing an additional 70 shares during the period. Contravisory Investment Management Inc. boosted its holdings in UnitedHealth Group by 172.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 185 shares of the healthcare conglomerate’s stock worth $46,000 after purchasing an additional 117 shares during the period. Evolution Wealth Advisors LLC acquired a new position in UnitedHealth Group in the fourth quarter worth $76,000. Finally, CX Institutional boosted its holdings in UnitedHealth Group by 475.0% in the fourth quarter. CX Institutional now owns 322 shares of the healthcare conglomerate’s stock worth $80,000 after purchasing an additional 266 shares during the period. 90.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of UnitedHealth Group stock opened at $263.50 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. UnitedHealth Group Inc has a 52 week low of $212.49 and a 52 week high of $287.94. The stock has a market capitalization of $251.96 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, January 15th. The healthcare conglomerate reported $3.28 EPS for the quarter, topping the consensus estimate of $3.20 by $0.08. UnitedHealth Group had a net margin of 5.30% and a return on equity of 24.38%. The firm had revenue of $58.42 billion for the quarter, compared to analysts’ expectations of $58.01 billion. During the same period in the previous year, the business earned $2.59 earnings per share. UnitedHealth Group’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts predict that UnitedHealth Group Inc will post 14.62 earnings per share for the current year.

In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $260.55, for a total value of $3,908,250.00. Following the sale, the director now directly owns 193,872 shares in the company, valued at $50,513,349.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $266.61, for a total transaction of $1,333,050.00. Following the completion of the sale, the director now owns 77,702 shares in the company, valued at $20,716,130.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,090 shares of company stock worth $6,956,975. 0.87% of the stock is owned by company insiders.

A number of equities analysts have commented on UNH shares. Oppenheimer lifted their price objective on shares of UnitedHealth Group from $295.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, November 28th. Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Bank of America lifted their price objective on shares of UnitedHealth Group from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. Cleveland Research reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Friday, January 11th. Finally, Argus lifted their price objective on shares of UnitedHealth Group from $285.00 to $295.00 and gave the stock a “buy” rating in a report on Monday, December 17th. One equities research analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $297.80.

TRADEMARK VIOLATION NOTICE: “UnitedHealth Group Inc (UNH) Shares Bought by HM Capital Management LLC” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.com-unik.info/2019/02/13/unitedhealth-group-inc-unh-shares-bought-by-hm-capital-management-llc.html.

UnitedHealth Group 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.

See Also: Different Options Trading Strategies

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Inc (NYSE:UNH).

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

Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit