Willingdon Wealth Management increased its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,183 shares of the healthcare conglomerate’s stock after acquiring an additional 951 shares during the quarter. Willingdon Wealth Management’s holdings in UnitedHealth Group were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in UNH. WoodTrust Financial Corp raised its holdings in UnitedHealth Group by 2.5% in the 3rd quarter. WoodTrust Financial Corp now owns 7,823 shares of the healthcare conglomerate’s stock valued at $2,081,000 after buying an additional 189 shares during the period. Advisors Capital Management LLC raised its holdings in UnitedHealth Group by 15.2% in the 3rd quarter. Advisors Capital Management LLC now owns 1,437 shares of the healthcare conglomerate’s stock valued at $382,000 after buying an additional 190 shares during the period. Chicago Partners Investment Group LLC raised its holdings in UnitedHealth Group by 26.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 920 shares of the healthcare conglomerate’s stock valued at $226,000 after buying an additional 193 shares during the period. Highland Capital Management LLC raised its holdings in UnitedHealth Group by 0.5% in the 3rd quarter. Highland Capital Management LLC now owns 36,128 shares of the healthcare conglomerate’s stock valued at $9,612,000 after buying an additional 194 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in UnitedHealth Group by 1.2% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,096 shares of the healthcare conglomerate’s stock valued at $4,194,000 after buying an additional 200 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.
UNH stock opened at $276.55 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.69. UnitedHealth Group Inc has a fifty-two week low of $208.48 and a fifty-two week high of $278.00. The company has a market cap of $264.32 billion, a P/E ratio of 22.55, a PEG ratio of 1.58 and a beta of 0.78.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.30 by $0.11. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The firm had revenue of $56.56 billion for the quarter, compared to analyst estimates of $56.34 billion. During the same period in the prior year, the firm earned $2.66 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. Analysts anticipate that UnitedHealth Group Inc will post 12.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Monday, December 3rd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.30%. UnitedHealth Group’s payout ratio is 35.75%.
In related news, CEO Steven H. Nelson sold 8,142 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $265.00, for a total transaction of $2,157,630.00. Following the sale, the chief executive officer now directly owns 22,496 shares in the company, valued at $5,961,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Burke sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $263.41, for a total transaction of $5,268,200.00. Following the sale, the director now owns 1,720,112 shares in the company, valued at $453,094,701.92. The disclosure for this sale can be found here. Insiders have sold 69,568 shares of company stock worth $18,539,877 over the last 90 days. Insiders own 0.87% of the company’s stock.
Several analysts recently issued reports on UNH shares. Citigroup lowered shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and set a $288.00 price objective on the stock. in a report on Monday, September 10th. 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 note on Monday, September 24th. Zacks Investment Research lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. 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 note on Wednesday, September 5th. Finally, Bank of America boosted their price target on shares of UnitedHealth Group from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. One equities research 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 company. UnitedHealth Group has a consensus rating of “Buy” and a consensus price target of $289.41.
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About UnitedHealth Group
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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