Victory Capital Management Inc. cut its holdings in UnitedHealth Group Inc (NYSE:UNH) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 281,572 shares of the healthcare conglomerate’s stock after selling 12,946 shares during the quarter. Victory Capital Management Inc.’s holdings in UnitedHealth Group were worth $62,075,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Exane Derivatives increased its stake in shares of UnitedHealth Group by 15,333.3% during the fourth quarter. Exane Derivatives now owns 463 shares of the healthcare conglomerate’s stock worth $102,000 after acquiring an additional 460 shares during the period. Bruderman Asset Management LLC acquired a new position in shares of UnitedHealth Group during the second quarter worth about $114,000. Acrospire Investment Management LLC increased its stake in shares of UnitedHealth Group by 130.7% during the second quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock worth $131,000 after acquiring an additional 400 shares during the period. Jacobi Capital Management LLC increased its stake in shares of UnitedHealth Group by 6.6% during the second quarter. Jacobi Capital Management LLC now owns 729 shares of the healthcare conglomerate’s stock worth $136,000 after acquiring an additional 45 shares during the period. Finally, Regal Wealth Group Inc. increased its stake in shares of UnitedHealth Group by 0.4% during the second quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock worth $138,000 after acquiring an additional 3 shares during the period. Institutional investors own 86.83% of the company’s stock.
In other UnitedHealth Group news, CEO Larry C. Renfro sold 22,598 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $221.75, for a total value of $5,011,106.50. Following the sale, the chief executive officer now owns 195,314 shares of the company’s stock, valued at $43,310,879.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth Irwin Shine sold 198 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $242.55, for a total transaction of $48,024.90. Following the completion of the sale, the director now directly owns 1,790,567 shares in the company, valued at approximately $434,302,025.85. The disclosure for this sale can be found here. Insiders sold 53,196 shares of company stock worth $12,291,179 in the last ninety days. Insiders own 0.89% of the company’s stock.
Shares of UnitedHealth Group Inc (UNH) opened at $225.43 on Monday. UnitedHealth Group Inc has a fifty-two week low of $162.74 and a fifty-two week high of $250.79. The stock has a market cap of $218,140.23, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.73 and a quick ratio of 0.73.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.09. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The company had revenue of $52.06 billion for the quarter, compared to the consensus estimate of $51.57 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts expect that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 8th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 28.01%.
TRADEMARK VIOLATION WARNING: “Victory Capital Management Inc. Sells 12,946 Shares of UnitedHealth Group Inc (UNH)” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/03/12/victory-capital-management-inc-sells-12946-shares-of-unitedhealth-group-inc-unh.html.
UnitedHealth Group 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.
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.