UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lowered its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 768 shares of the healthcare conglomerate’s stock after selling 77 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in UnitedHealth Group were worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atom Investors LP acquired a new stake in shares of UnitedHealth Group during the 2nd quarter worth approximately $1,723,000. GWM Advisors LLC raised its position in shares of UnitedHealth Group by 8.3% during the 2nd quarter. GWM Advisors LLC now owns 31,240 shares of the healthcare conglomerate’s stock worth $12,510,000 after purchasing an additional 2,397 shares during the period. Seven Springs Wealth Group LLC raised its position in shares of UnitedHealth Group by 58.6% during the 2nd quarter. Seven Springs Wealth Group LLC now owns 2,544 shares of the healthcare conglomerate’s stock worth $1,019,000 after purchasing an additional 940 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of UnitedHealth Group by 2.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,874,820 shares of the healthcare conglomerate’s stock worth $1,551,633,000 after purchasing an additional 81,995 shares during the period. Finally, Welch & Forbes LLC raised its position in shares of UnitedHealth Group by 46.2% during the 2nd quarter. Welch & Forbes LLC now owns 4,572 shares of the healthcare conglomerate’s stock worth $1,831,000 after purchasing an additional 1,445 shares during the period. Hedge funds and other institutional investors own 86.20% of the company’s stock.

In other news, Director Richard T. Burke sold 2,500 shares of the stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $444.70, for a total value of $1,111,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Hemsley sold 75,000 shares of the stock in a transaction on Monday, October 25th. The stock was sold at an average price of $448.72, for a total value of $33,654,000.00. The disclosure for this sale can be found here. Insiders sold 82,500 shares of company stock valued at $36,855,125 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

UNH opened at $450.16 on Thursday. The firm has a market cap of $423.98 billion, a PE ratio of 27.93, a P/E/G ratio of 1.75 and a beta of 0.85. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $430.47 and a 200-day simple moving average of $418.01. UnitedHealth Group Incorporated has a fifty-two week low of $320.35 and a fifty-two week high of $466.00.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Thursday, October 14th. The healthcare conglomerate reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.11. The business had revenue of $72.34 billion during the quarter, compared to analyst estimates of $71.24 billion. UnitedHealth Group had a return on equity of 23.08% and a net margin of 5.52%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $3.51 EPS. On average, equities research analysts anticipate that UnitedHealth Group Incorporated will post 18.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 14th. Stockholders of record on Monday, December 6th will be issued a $1.45 dividend. The ex-dividend date is Friday, December 3rd. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.29%. UnitedHealth Group’s payout ratio is currently 35.98%.

A number of brokerages have recently weighed in on UNH. Wells Fargo & Company increased their price target on UnitedHealth Group from $478.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, October 25th. Evercore ISI raised their target price on UnitedHealth Group from $360.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 15th. Cowen initiated coverage on UnitedHealth Group in a research report on Thursday, September 9th. They issued an “outperform” rating and a $478.00 target price on the stock. Morgan Stanley raised their target price on UnitedHealth Group from $488.00 to $499.00 and gave the company an “overweight” rating in a research report on Friday, October 15th. Finally, Oppenheimer raised their target price on UnitedHealth Group from $465.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, October 15th. One research analyst has rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $477.35.

UnitedHealth Group Company Profile

UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.

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

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