FIL Ltd cut its holdings in UnitedHealth Group Inc (NYSE:UNH) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 693,408 shares of the healthcare conglomerate’s stock after selling 26,242 shares during the quarter. FIL Ltd owned 0.07% of UnitedHealth Group worth $184,474,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. American International Group Inc. boosted its stake in UnitedHealth Group by 6.8% during the third quarter. American International Group Inc. now owns 316,934 shares of the healthcare conglomerate’s stock worth $84,317,000 after buying an additional 20,146 shares during the period. Dynasty Wealth Management LLC purchased a new position in UnitedHealth Group during the third quarter worth $448,000. Polaris Capital Management LLC boosted its stake in UnitedHealth Group by 5.2% during the third quarter. Polaris Capital Management LLC now owns 200,742 shares of the healthcare conglomerate’s stock worth $53,405,000 after buying an additional 9,987 shares during the period. Jackson Square Partners LLC boosted its stake in UnitedHealth Group by 9.0% during the third quarter. Jackson Square Partners LLC now owns 2,143,493 shares of the healthcare conglomerate’s stock worth $570,254,000 after buying an additional 176,487 shares during the period. Finally, Martingale Asset Management L P boosted its stake in UnitedHealth Group by 1.7% during the third quarter. Martingale Asset Management L P now owns 214,133 shares of the healthcare conglomerate’s stock worth $56,969,000 after buying an additional 3,598 shares during the period. 85.45% of the stock is owned by hedge funds and other institutional investors.
Shares of UNH opened at $281.36 on Monday. The firm has a market cap of $270.68 billion, a PE ratio of 27.94, a P/E/G ratio of 1.62 and a beta of 0.78. UnitedHealth Group Inc has a 12-month low of $208.48 and a 12-month high of $285.45. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.30 by $0.11. The firm had revenue of $56.56 billion during the quarter, compared to analyst estimates of $56.34 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 earnings per share. Analysts predict that UnitedHealth Group Inc will post 12.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders 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 1.28%. The ex-dividend date is Friday, November 30th. UnitedHealth Group’s dividend payout ratio is currently 35.75%.
UNH has been the subject of several recent analyst reports. Citigroup lowered shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and set a $288.00 price objective for the company. in a research note on Monday, September 10th. Zacks Investment Research lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Raymond James lifted their price objective 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. Bank of America lifted their price objective 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. Finally, Morgan Stanley lifted their price objective 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. Two analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. UnitedHealth Group currently has an average rating of “Buy” and an average price target of $292.48.
In related news, CEO Steven H. Nelson sold 8,142 shares of UnitedHealth Group stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $265.00, for a total value of $2,157,630.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven H. Nelson sold 26,033 shares of UnitedHealth Group stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $270.65, for a total value of $7,045,831.45. The disclosure for this sale can be found here. Insiders have sold 60,428 shares of company stock valued at $16,232,134 over the last three months. Insiders own 0.87% of the company’s stock.
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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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