Putnam FL Investment Management Co. Decreases Holdings in UnitedHealth Group Inc (UNH)

Putnam FL Investment Management Co. reduced its stake in UnitedHealth Group Inc (NYSE:UNH) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,294 shares of the healthcare conglomerate’s stock after selling 1,699 shares during the period. UnitedHealth Group accounts for approximately 1.6% of Putnam FL Investment Management Co.’s investment portfolio, making the stock its 15th biggest position. Putnam FL Investment Management Co.’s holdings in UnitedHealth Group were worth $17,105,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UNH. WoodTrust Financial Corp grew its stake in UnitedHealth Group by 2.5% during the third quarter. WoodTrust Financial Corp now owns 7,823 shares of the healthcare conglomerate’s stock worth $2,081,000 after buying an additional 189 shares in the last quarter. Advisors Capital Management LLC grew its stake in UnitedHealth Group by 15.2% during the third quarter. Advisors Capital Management LLC now owns 1,437 shares of the healthcare conglomerate’s stock worth $382,000 after buying an additional 190 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in UnitedHealth Group by 26.5% during the second quarter. Chicago Partners Investment Group LLC now owns 920 shares of the healthcare conglomerate’s stock worth $226,000 after buying an additional 193 shares in the last quarter. Highland Capital Management LLC grew its stake in UnitedHealth Group by 0.5% during the third quarter. Highland Capital Management LLC now owns 36,128 shares of the healthcare conglomerate’s stock worth $9,612,000 after buying an additional 194 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in UnitedHealth Group by 1.2% during 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 buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.

A number of equities research analysts have issued reports on UNH shares. Jefferies Financial Group increased their price objective on shares of UnitedHealth Group from $270.00 to $311.00 and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Argus increased their price objective on shares of UnitedHealth Group to $285.00 and gave the stock a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $292.00 price objective on the stock in a research note on Monday, November 26th. Morgan Stanley increased 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. Finally, ValuEngine upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $292.48.

In related news, Director Kenneth Irwin Shine sold 163 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $274.83, for a total value of $44,797.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Burke sold 6,090 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $281.72, for a total transaction of $1,715,674.80. Following the completion of the transaction, the director now owns 1,711,584 shares of the company’s stock, valued at approximately $482,187,444.48. The disclosure for this sale can be found here. Insiders sold 34,395 shares of company stock valued at $9,186,302 in the last three months. Company insiders own 0.87% of the company’s stock.

UNH stock opened at $269.18 on Friday. The stock has a market capitalization of $267.97 billion, a PE ratio of 26.73, a P/E/G ratio of 1.60 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69. UnitedHealth Group Inc has a 12 month low of $208.48 and a 12 month high of $287.94.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.11. The firm had revenue of $56.56 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.66 earnings per share. As a group, analysts anticipate 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 issued 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 currently 35.75%.

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

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