Bartlett & Co. LLC Buys 891 Shares of UnitedHealth Group Inc (NYSE:UNH)

Bartlett & Co. LLC boosted its stake in UnitedHealth Group Inc (NYSE:UNH) by 18.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,618 shares of the healthcare conglomerate’s stock after purchasing an additional 891 shares during the quarter. Bartlett & Co. LLC’s holdings in UnitedHealth Group were worth $1,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garrison Point Advisors LLC grew its stake in UnitedHealth Group by 1.2% in the second quarter. Garrison Point Advisors LLC now owns 3,486 shares of the healthcare conglomerate’s stock valued at $851,000 after acquiring an additional 40 shares during the period. Clear Harbor Asset Management LLC boosted its position in shares of UnitedHealth Group by 0.6% during the third quarter. Clear Harbor Asset Management LLC now owns 6,573 shares of the healthcare conglomerate’s stock worth $1,428,000 after buying an additional 40 shares during the period. Smith Moore & CO. boosted its position in shares of UnitedHealth Group by 1.3% during the second quarter. Smith Moore & CO. now owns 3,156 shares of the healthcare conglomerate’s stock worth $770,000 after buying an additional 41 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of UnitedHealth Group by 3.9% during the second quarter. Integrated Investment Consultants LLC now owns 1,131 shares of the healthcare conglomerate’s stock worth $276,000 after buying an additional 42 shares during the period. Finally, Meridian Financial Partners LLC boosted its position in shares of UnitedHealth Group by 2.7% during the second quarter. Meridian Financial Partners LLC now owns 1,633 shares of the healthcare conglomerate’s stock worth $403,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 85.66% of the company’s stock.

In related 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 transaction of $581,900.00. Following the completion of the transaction, the director now directly owns 187,979 shares of the company’s stock, valued at $43,753,992.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, 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 have sold 33,177 shares of company stock valued at $7,842,582 over the last three months. Insiders own 0.87% of the company’s stock.

Shares of NYSE UNH opened at $256.97 on Friday. The stock has a 50 day moving average price of $234.76 and a 200 day moving average price of $241.05. UnitedHealth Group Inc has a 52 week low of $208.07 and a 52 week high of $287.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market capitalization of $237.20 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 EPS for the quarter, beating the consensus estimate of $3.75 by $0.13. UnitedHealth Group had a return on equity of 25.30% and a net margin of 5.57%. The firm had revenue of $60.35 billion during the quarter, compared to analysts’ expectations of $59.84 billion. During the same period in the prior year, the firm posted $3.41 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, research analysts forecast that UnitedHealth Group Inc will post 14.96 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.68%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.54%.

Several research analysts have recently weighed in on the company. Cantor Fitzgerald set a $310.00 price objective on UnitedHealth Group and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Mizuho assumed coverage on UnitedHealth Group in a research report on Thursday, October 17th. They set a “buy” rating and a $270.00 price objective for the company. Deutsche Bank assumed coverage on UnitedHealth Group in a research report on Thursday, September 12th. They set a “hold” rating and a $263.00 price objective for the company. Jefferies Financial Group cut UnitedHealth Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $300.00 to $235.00 in a research report on Thursday, October 10th. Finally, Raymond James upped their price objective on UnitedHealth Group from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $283.84.

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

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