Keybank National Association OH raised its stake in UnitedHealth Group Inc (NYSE:UNH) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,377 shares of the healthcare conglomerate’s stock after buying an additional 1,462 shares during the quarter. Keybank National Association OH’s holdings in UnitedHealth Group were worth $18,337,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of UNH. Selective Wealth Management Inc. purchased a new stake in UnitedHealth Group during the third quarter worth about $27,000. North Star Investment Management Corp. purchased a new stake in UnitedHealth Group during the third quarter worth about $30,000. Delta Asset Management LLC TN increased its stake in UnitedHealth Group by 111.0% during the third quarter. Delta Asset Management LLC TN now owns 154 shares of the healthcare conglomerate’s stock worth $33,000 after purchasing an additional 81 shares during the period. Fusion Family Wealth LLC increased its stake in UnitedHealth Group by 329.7% during the third quarter. Fusion Family Wealth LLC now owns 159 shares of the healthcare conglomerate’s stock worth $35,000 after purchasing an additional 122 shares during the period. Finally, Massey Quick Simon & CO. LLC increased its stake in UnitedHealth Group by 212.5% during the third quarter. Massey Quick Simon & CO. LLC now owns 175 shares of the healthcare conglomerate’s stock worth $38,000 after purchasing an additional 119 shares during the period. 85.66% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on UNH shares. BMO Capital Markets lowered shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $292.00 to $249.00 in a research note on Monday, September 30th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 target price on the stock in a research note on Monday, July 22nd. Royal Bank of Canada set a $311.00 target price on shares of UnitedHealth Group and gave the stock a “buy” rating in a research note on Friday, July 19th. Cantor Fitzgerald set a $310.00 target price on shares of UnitedHealth Group and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $300.00 to $235.00 in a research note on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $283.84.
In other news, Director Richard T. Burke sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.76, for a total value of $581,900.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at $43,753,992.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Burke sold 2,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $231.50, for a total value of $463,000.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at $43,517,138.50. The disclosure for this sale can be found here. Insiders sold 32,000 shares of company stock worth $7,542,400 over the last quarter. 0.87% of the stock is currently owned by insiders.
UnitedHealth Group stock traded up $0.69 during mid-day trading on Friday, hitting $257.15. The company had a trading volume of 1,499,611 shares, compared to its average volume of 4,698,035. The stock has a market cap of $237.20 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.33 and a beta of 0.61. UnitedHealth Group Inc has a 1 year low of $208.07 and a 1 year high of $287.94. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $234.29 and a 200 day moving average of $240.87.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.75 by $0.13. The company had revenue of $60.35 billion for the quarter, compared to analyst estimates of $59.84 billion. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.41 earnings per share. Equities analysts anticipate that UnitedHealth Group Inc will post 14.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 1.68%. UnitedHealth Group’s dividend payout ratio is currently 33.54%.
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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