Cornerstone Investment Partners LLC Lowers Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

Cornerstone Investment Partners LLC lowered its position in shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,455 shares of the healthcare conglomerate’s stock after selling 1,004 shares during the quarter. UnitedHealth Group makes up about 3.9% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 8th largest position. Cornerstone Investment Partners LLC’s holdings in UnitedHealth Group were worth $53,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of UNH. Axiom Financial Strategies LLC bought a new position in UnitedHealth Group during the 1st quarter worth $210,000. McGowan Group Asset Management Inc. boosted its holdings in shares of UnitedHealth Group by 8.9% during the 1st quarter. McGowan Group Asset Management Inc. now owns 744 shares of the healthcare conglomerate’s stock worth $379,000 after buying an additional 61 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in UnitedHealth Group by 31.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 250,196 shares of the healthcare conglomerate’s stock valued at $127,592,000 after purchasing an additional 60,300 shares during the period. MAS Advisors LLC boosted its holdings in UnitedHealth Group by 10.8% during the first quarter. MAS Advisors LLC now owns 463 shares of the healthcare conglomerate’s stock worth $241,000 after purchasing an additional 45 shares during the last quarter. Finally, First Western Trust Bank bought a new stake in shares of UnitedHealth Group in the first quarter valued at approximately $875,000. 86.31% of the stock is owned by institutional investors.

UnitedHealth Group Stock Performance

Shares of UNH stock opened at $492.25 on Wednesday. The company has a market capitalization of $459.93 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.36 and a beta of 0.73. The company has a current ratio of 0.77, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. UnitedHealth Group Incorporated has a 1-year low of $445.73 and a 1-year high of $558.10. The stock’s fifty day simple moving average is $518.45 and its 200-day simple moving average is $524.08.

UnitedHealth Group (NYSE:UNHGet Rating) last issued its earnings results on Friday, January 13th. The healthcare conglomerate reported $5.34 EPS for the quarter, topping the consensus estimate of $5.17 by $0.17. The firm had revenue of $82.79 billion during the quarter, compared to analysts’ expectations of $82.53 billion. UnitedHealth Group had a return on equity of 27.04% and a net margin of 6.21%. UnitedHealth Group’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $4.48 earnings per share. On average, sell-side analysts predict that UnitedHealth Group Incorporated will post 24.9 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Monday, December 5th were given a $1.65 dividend. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $6.60 dividend on an annualized basis and a yield of 1.34%. UnitedHealth Group’s payout ratio is 31.15%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com started coverage on UnitedHealth Group in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on UnitedHealth Group from $615.00 to $617.00 and gave the stock a “buy” rating in a report on Tuesday. Credit Suisse Group upped their price target on UnitedHealth Group from $590.00 to $610.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 7th. SVB Leerink lowered their price objective on UnitedHealth Group from $625.00 to $618.00 and set an “outperform” rating for the company in a research note on Monday, October 17th. Finally, Loop Capital lifted their price target on shares of UnitedHealth Group from $575.00 to $590.00 in a research note on Tuesday, January 17th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $599.39.

Insider Buying and Selling at UnitedHealth Group

In other news, EVP Erin Mcsweeney sold 616 shares of UnitedHealth Group stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $535.00, for a total transaction of $329,560.00. Following the transaction, the executive vice president now owns 8,463 shares in the company, valued at approximately $4,527,705. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

UnitedHealth Group Profile

(Get Rating)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 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; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

Featured Stories

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.