Insider Selling: UnitedHealth Group Inc (UNH) CEO Sells 22,598 Shares of Stock
UnitedHealth Group Inc (NYSE:UNH) CEO Larry Renfro sold 22,598 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the sale, the chief executive officer now owns 195,314 shares in the company, valued at approximately $43,310,879.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of UnitedHealth Group Inc (UNH) traded down $2.31 during midday trading on Friday, hitting $220.46. 2,274,987 shares of the stock traded hands, compared to its average volume of 2,669,704. The firm has a market capitalization of $215,879.17, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. UnitedHealth Group Inc has a 1-year low of $156.09 and a 1-year high of $231.77. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. UnitedHealth Group’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.17 earnings per share. equities analysts expect that UnitedHealth Group Inc will post 9.99 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in UnitedHealth Group by 1.2% during the second quarter. BlackRock Inc. now owns 69,430,416 shares of the healthcare conglomerate’s stock worth $12,873,786,000 after acquiring an additional 796,654 shares during the last quarter. Vanguard Group Inc. raised its stake in UnitedHealth Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock worth $11,974,168,000 after purchasing an additional 1,588,516 shares during the period. FMR LLC raised its stake in UnitedHealth Group by 2.1% during the second quarter. FMR LLC now owns 56,101,668 shares of the healthcare conglomerate’s stock worth $10,402,371,000 after purchasing an additional 1,168,324 shares during the period. Alliancebernstein L.P. raised its stake in UnitedHealth Group by 2.3% during the second quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock worth $1,466,104,000 after purchasing an additional 174,290 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in UnitedHealth Group by 3.9% during the second quarter. TIAA CREF Investment Management LLC now owns 5,882,427 shares of the healthcare conglomerate’s stock worth $1,090,720,000 after purchasing an additional 223,524 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.
Several analysts recently commented on UNH shares. Zacks Investment Research lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Cantor Fitzgerald restated a “buy” rating and set a $225.00 price target on shares of UnitedHealth Group in a research report on Monday, November 27th. ValuEngine lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Piper Jaffray Companies raised their price target on shares of UnitedHealth Group to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, October 17th. Finally, Jefferies Group restated a “buy” rating and set a $248.00 price target on shares of UnitedHealth Group in a research report on Friday, December 1st. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. UnitedHealth Group currently has an average rating of “Buy” and a consensus price target of $224.98.
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UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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