Profund Advisors LLC Cuts Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Profund Advisors LLC lessened its stake in UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,073 shares of the healthcare conglomerate’s stock after selling 1,227 shares during the quarter. UnitedHealth Group comprises approximately 0.7% of Profund Advisors LLC’s holdings, making the stock its 24th biggest holding. Profund Advisors LLC’s holdings in UnitedHealth Group were worth $9,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of UnitedHealth Group by 17.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 36,853,394 shares of the healthcare conglomerate’s stock valued at $18,929,009,000 after acquiring an additional 5,556,335 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of UnitedHealth Group by 1,682.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,691,542 shares of the healthcare conglomerate’s stock worth $1,372,606,000 after purchasing an additional 2,540,538 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of UnitedHealth Group in the third quarter valued at about $537,996,000. Jennison Associates LLC lifted its position in shares of UnitedHealth Group by 28.3% during the third quarter. Jennison Associates LLC now owns 4,752,598 shares of the healthcare conglomerate’s stock worth $2,400,252,000 after purchasing an additional 1,047,892 shares in the last quarter. Finally, FMR LLC lifted its holdings in UnitedHealth Group by 2.0% in the 2nd quarter. FMR LLC now owns 49,813,470 shares of the healthcare conglomerate’s stock worth $25,585,693,000 after buying an additional 998,214 shares in the last quarter. 86.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Erin Mcsweeney sold 616 shares of the stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $535.00, for a total value of $329,560.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

UnitedHealth Group Price Performance

NYSE:UNH traded down $2.92 during midday trading on Wednesday, hitting $488.68. 878,128 shares of the stock were exchanged, compared to its average volume of 3,968,358. The business has a 50-day moving average price of $518.45 and a two-hundred day moving average price of $524.08. The company has a current ratio of 0.77, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $456.60 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.36 and a beta of 0.73. UnitedHealth Group Incorporated has a one year low of $445.73 and a one year high of $558.10.

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

UnitedHealth Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Monday, December 5th were given a dividend of $1.65 per share. The ex-dividend date was Friday, December 2nd. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.35%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 31.15%.

Analyst Ratings Changes

A number of research analysts recently commented on UNH shares. Deutsche Bank Aktiengesellschaft increased their price target on UnitedHealth Group from $615.00 to $617.00 and gave the company a “buy” rating in a report on Tuesday. Loop Capital upped their price target on shares of UnitedHealth Group from $575.00 to $590.00 in a report on Tuesday, January 17th. Credit Suisse Group increased their price target on shares of UnitedHealth Group from $590.00 to $610.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 7th. UBS Group decreased their target price on UnitedHealth Group from $590.00 to $550.00 and set a “neutral” rating for the company in a research report on Wednesday, January 18th. Finally, Raymond James downgraded shares of UnitedHealth Group from a “strong-buy” rating to an “outperform” rating and set a $615.00 price target on the stock. in a research report on Monday, November 21st. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $599.39.

About UnitedHealth Group

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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.

See Also

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

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