Arrow Financial Corp Buys 672 Shares of UnitedHealth Group Inc (UNH)

Arrow Financial Corp raised its stake in UnitedHealth Group Inc (NYSE:UNH) by 4.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,930 shares of the healthcare conglomerate’s stock after buying an additional 672 shares during the quarter. UnitedHealth Group makes up about 0.9% of Arrow Financial Corp’s investment portfolio, making the stock its 27th largest holding. Arrow Financial Corp’s holdings in UnitedHealth Group were worth $4,504,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UNH. Advisors Capital Management LLC raised its position in UnitedHealth Group by 15.2% in the third quarter. Advisors Capital Management LLC now owns 1,437 shares of the healthcare conglomerate’s stock worth $382,000 after acquiring an additional 190 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in UnitedHealth Group by 26.5% in the second quarter. Chicago Partners Investment Group LLC now owns 920 shares of the healthcare conglomerate’s stock worth $226,000 after acquiring an additional 193 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in UnitedHealth Group by 1.2% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,096 shares of the healthcare conglomerate’s stock worth $4,194,000 after acquiring an additional 200 shares in the last quarter. Ballentine Partners LLC raised its position in UnitedHealth Group by 2.3% in the second quarter. Ballentine Partners LLC now owns 9,038 shares of the healthcare conglomerate’s stock worth $2,218,000 after acquiring an additional 202 shares in the last quarter. Finally, Nikulski Financial Inc. raised its position in UnitedHealth Group by 1.8% in the second quarter. Nikulski Financial Inc. now owns 11,759 shares of the healthcare conglomerate’s stock worth $2,885,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 85.35% of the company’s stock.

Shares of UNH opened at $259.61 on Friday. The stock has a market capitalization of $256.06 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.58 and a beta of 0.73. UnitedHealth Group Inc has a 1-year low of $186.00 and a 1-year high of $272.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.75 and a current ratio of 0.75.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, July 17th. The healthcare conglomerate reported $3.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.04 by $0.10. The firm had revenue of $56.09 billion for the quarter, compared to analysts’ expectations of $56.10 billion. UnitedHealth Group had a return on equity of 22.79% and a net margin of 5.55%. UnitedHealth Group’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $2.46 EPS. As a group, equities analysts forecast that UnitedHealth Group Inc will post 12.72 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Friday, September 7th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $3.60 dividend on an annualized basis and a yield of 1.39%. UnitedHealth Group’s dividend payout ratio is currently 35.75%.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 177 shares of UnitedHealth Group stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $255.72, for a total transaction of $45,262.44. Following the transaction, the director now owns 29,053 shares of the company’s stock, valued at approximately $7,429,433.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP D Ellen Wilson sold 15,393 shares of UnitedHealth Group stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $264.29, for a total value of $4,068,215.97. Following the transaction, the executive vice president now directly owns 66,402 shares in the company, valued at approximately $17,549,384.58. The disclosure for this sale can be found here. Insiders sold a total of 94,745 shares of company stock worth $24,995,290 in the last three months. 0.87% of the stock is currently owned by company insiders.

Several equities research analysts have commented on UNH shares. Citigroup cut shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and set a $288.00 price target on the stock. in a research report on Monday, September 10th. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Raymond James boosted their price target on shares of UnitedHealth Group from $285.00 to $304.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 24th. Morgan Stanley boosted their price target on shares of UnitedHealth Group from $278.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Finally, ValuEngine cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. One analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $278.61.

UnitedHealth Group Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 health 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; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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

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