Assenagon Asset Management S.A. lowered its position in UnitedHealth Group Inc (NYSE:UNH) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the healthcare conglomerate’s stock after selling 900 shares during the period. Assenagon Asset Management S.A.’s holdings in UnitedHealth Group were worth $1,731,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in UnitedHealth Group by 3.1% during the fourth quarter. BlackRock Inc. now owns 69,831,381 shares of the healthcare conglomerate’s stock worth $17,396,391,000 after buying an additional 2,123,417 shares during the last quarter. Vanguard Group Inc increased its holdings in UnitedHealth Group by 1.6% during the third quarter. Vanguard Group Inc now owns 69,342,549 shares of the healthcare conglomerate’s stock worth $18,447,892,000 after buying an additional 1,073,505 shares during the last quarter. FMR LLC increased its holdings in UnitedHealth Group by 1.9% during the fourth quarter. FMR LLC now owns 64,480,003 shares of the healthcare conglomerate’s stock worth $16,063,258,000 after buying an additional 1,232,189 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in UnitedHealth Group by 50,446.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,349,795 shares of the healthcare conglomerate’s stock worth $214,000 after buying an additional 53,244,249 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in UnitedHealth Group by 2.5% during the fourth quarter. Northern Trust Corp now owns 11,669,246 shares of the healthcare conglomerate’s stock worth $2,907,043,000 after buying an additional 288,199 shares during the last quarter. Institutional investors own 85.74% of the company’s stock.
UNH stock opened at $244.50 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.73. UnitedHealth Group Inc has a 12 month low of $208.07 and a 12 month high of $287.94. The company has a market capitalization of $234.52 billion, a PE ratio of 18.98, a PEG ratio of 1.32 and a beta of 0.65.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.13. UnitedHealth Group had a net margin of 5.45% and a return on equity of 25.07%. The company had revenue of $60.30 billion during the quarter, compared to analyst estimates of $59.72 billion. During the same period last year, the business earned $3.04 earnings per share. UnitedHealth Group’s revenue was up 9.2% compared to the same quarter last year. Equities research analysts predict that UnitedHealth Group Inc will post 14.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 17th will be given a $1.08 dividend. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $0.90. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, June 14th. UnitedHealth Group’s dividend payout ratio (DPR) is 27.95%.
In other news, Director Richard T. Burke sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $229.75, for a total value of $2,297,500.00. Following the completion of the transaction, the director now directly owns 187,663 shares in the company, valued at $43,115,574.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $239.02, for a total transaction of $1,195,100.00. Following the completion of the transaction, the director now owns 77,993 shares of the company’s stock, valued at $18,641,886.86. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock valued at $9,679,100 over the last 90 days. 0.82% of the stock is owned by company insiders.
A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Citigroup upgraded shares of UnitedHealth Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $247.00 to $280.00 in a research note on Friday, May 10th. UBS Group started coverage on shares of UnitedHealth Group in a research note on Tuesday, April 23rd. They issued a “neutral” rating and a $238.00 target price for the company. Finally, SunTrust Banks reduced their target price on shares of UnitedHealth Group to $300.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $290.84.
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 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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