Meiji Yasuda Life Insurance Co grew its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,381 shares of the healthcare conglomerate’s stock after buying an additional 510 shares during the period. UnitedHealth Group accounts for approximately 1.1% of Meiji Yasuda Life Insurance Co’s holdings, making the stock its 9th biggest holding. Meiji Yasuda Life Insurance Co’s holdings in UnitedHealth Group were worth $8,615,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. White Lighthouse Investment Management Inc. purchased a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $324,000. Wells Fargo & Company MN grew its stake in shares of UnitedHealth Group by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock valued at $1,887,377,000 after buying an additional 39,480 shares during the period. Sawtooth Solutions LLC grew its stake in shares of UnitedHealth Group by 34.4% during the 3rd quarter. Sawtooth Solutions LLC now owns 4,413 shares of the healthcare conglomerate’s stock valued at $1,174,000 after buying an additional 1,129 shares during the period. AXA grew its stake in shares of UnitedHealth Group by 5.7% during the 3rd quarter. AXA now owns 911,581 shares of the healthcare conglomerate’s stock valued at $242,517,000 after buying an additional 49,227 shares during the period. Finally, HL Financial Services LLC grew its stake in shares of UnitedHealth Group by 15.3% during the 3rd quarter. HL Financial Services LLC now owns 17,183 shares of the healthcare conglomerate’s stock valued at $4,572,000 after buying an additional 2,281 shares during the period. 85.57% of the stock is owned by institutional investors.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $310.00 price target on shares of UnitedHealth Group in a research report on Wednesday, November 21st. BMO Capital Markets set a $310.00 price target on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Tuesday, November 27th. Oppenheimer upped their price target on shares of UnitedHealth Group from $295.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 28th. Finally, Piper Jaffray Companies upped their price target on shares of UnitedHealth Group to $312.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 28th. Two research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. UnitedHealth Group presently has a consensus rating of “Buy” and a consensus target price of $292.48.
Shares of UNH stock opened at $269.18 on Friday. UnitedHealth Group Inc has a 12 month low of $208.48 and a 12 month high of $287.94. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $267.97 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.60 and a beta of 0.76.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $2.66 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. Sell-side analysts forecast that UnitedHealth Group Inc will post 12.82 EPS for the current fiscal 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 $0.90 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.34%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.75%.
In other news, CEO Steven H. Nelson sold 8,142 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $265.00, for a total value of $2,157,630.00. Following the sale, the chief executive officer now owns 22,496 shares in the company, valued at approximately $5,961,440. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard T. Burke sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $263.41, for a total transaction of $5,268,200.00. Following the completion of the sale, the director now owns 1,720,112 shares in the company, valued at approximately $453,094,701.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,395 shares of company stock worth $9,186,302. Company insiders own 0.87% of the company’s stock.
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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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