State Board of Administration of Florida Retirement System Buys 3,372 Shares of UnitedHealth Group Inc (UNH)

State Board of Administration of Florida Retirement System grew its stake in UnitedHealth Group Inc (NYSE:UNH) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,295,861 shares of the healthcare conglomerate’s stock after purchasing an additional 3,372 shares during the period. UnitedHealth Group makes up approximately 1.0% of State Board of Administration of Florida Retirement System’s portfolio, making the stock its 13th biggest holding. State Board of Administration of Florida Retirement System’s holdings in UnitedHealth Group were worth $322,825,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in UNH. Naples Global Advisors LLC boosted its stake in shares of UnitedHealth Group by 8.4% in the fourth quarter. Naples Global Advisors LLC now owns 9,145 shares of the healthcare conglomerate’s stock valued at $2,239,000 after buying an additional 712 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of UnitedHealth Group by 2.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 90,233 shares of the healthcare conglomerate’s stock valued at $22,479,000 after buying an additional 2,500 shares in the last quarter. Boys Arnold & Co. Inc. boosted its stake in shares of UnitedHealth Group by 2.3% in the fourth quarter. Boys Arnold & Co. Inc. now owns 10,428 shares of the healthcare conglomerate’s stock valued at $2,568,000 after buying an additional 231 shares in the last quarter. Buckley Wealth Management LLC boosted its stake in shares of UnitedHealth Group by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 10,652 shares of the healthcare conglomerate’s stock valued at $2,654,000 after buying an additional 50 shares in the last quarter. Finally, Sabal Trust CO purchased a new stake in shares of UnitedHealth Group in the fourth quarter valued at approximately $253,000. 85.42% of the stock is currently owned by institutional investors and hedge funds.

UNH opened at $267.11 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. The firm has a market cap of $255.62 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.36 and a beta of 0.86. UnitedHealth Group Inc has a one year low of $212.49 and a one year high of $287.94.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, January 15th. The healthcare conglomerate reported $3.28 EPS for the quarter, topping 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 return on equity of 24.38% and a net margin of 5.30%. UnitedHealth Group’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 earnings per share. On average, equities analysts anticipate that UnitedHealth Group Inc will post 14.62 earnings per share for the current year.

In other news, Director Richard T. Burke sold 6,090 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $281.72, for a total value of $1,715,674.80. Following the sale, the director now directly owns 1,711,584 shares in the company, valued at $482,187,444.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $266.61, for a total value 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 have sold 26,090 shares of company stock worth $6,956,975. 0.87% of the stock is owned by company insiders.

A number of analysts recently weighed in on the company. Cantor Fitzgerald restated a “buy” rating and issued a $310.00 price target on shares of UnitedHealth Group in a research note on Wednesday, November 21st. Stephens assumed coverage on UnitedHealth Group in a research note on Monday, January 14th. They issued an “overweight” rating and a $287.00 price target on the stock. Piper Jaffray Companies lifted their price target on UnitedHealth Group to $312.00 and gave the company an “overweight” rating in a research note on Wednesday, November 28th. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $279.00 price target on the stock in a research note on Saturday, January 5th. Finally, BMO Capital Markets set a $310.00 price target on UnitedHealth Group and gave the company a “buy” rating in a research note on Tuesday, November 27th. One research analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the stock. UnitedHealth Group currently has a consensus rating of “Buy” and an average target price of $297.80.

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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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