Gamco Investors INC. ET AL lessened its holdings in UnitedHealth Group Inc (NYSE:UNH) by 70.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,025 shares of the healthcare conglomerate’s stock after selling 16,564 shares during the period. Gamco Investors INC. ET AL’s holdings in UnitedHealth Group were worth $1,527,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Selective Wealth Management Inc. purchased a new stake in shares of UnitedHealth Group during the third quarter worth $27,000. North Star Investment Management Corp. purchased a new stake in shares of UnitedHealth Group during the third quarter worth $30,000. Delta Asset Management LLC TN raised its holdings in shares of 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 acquiring an additional 81 shares in the last quarter. Fusion Family Wealth LLC raised its holdings in shares of 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 acquiring an additional 122 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC raised its holdings in shares of 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 acquiring an additional 119 shares in the last quarter. 85.66% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on UNH. ValuEngine upgraded UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Oppenheimer set a $312.00 target price on UnitedHealth Group and gave the company a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group lowered UnitedHealth Group from a “buy” rating to a “hold” rating and cut their target price for the company from $300.00 to $235.00 in a report on Thursday, October 10th. Cantor Fitzgerald set a $310.00 target price on UnitedHealth Group and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Citigroup cut their target price on UnitedHealth Group from $299.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. UnitedHealth Group currently has an average rating of “Buy” and an average target price of $283.84.
In other news, Director Richard T. Burke sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $233.40, for a total value of $583,500.00. Following the sale, the director now directly owns 187,979 shares of the company’s stock, valued at $43,874,298.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard T. Burke sold 2,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $43,517,138.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,177 shares of company stock worth $7,842,582. 0.87% of the stock is currently owned by company insiders.
Shares of NYSE:UNH traded up $0.51 during midday trading on Friday, hitting $256.97. The company’s stock had a trading volume of 2,161,274 shares, compared to its average volume of 4,544,972. The stock has a market capitalization of $237.20 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.33 and a beta of 0.61. The stock’s 50 day simple moving average is $234.76 and its 200 day simple moving average is $241.05. UnitedHealth Group Inc has a fifty-two week low of $208.07 and a fifty-two 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.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 earnings per share (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 the consensus estimate of $59.84 billion. UnitedHealth Group had a return on equity of 25.30% and a net margin of 5.57%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $3.41 earnings per share. As a group, analysts anticipate that UnitedHealth Group Inc will post 14.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.68%. UnitedHealth Group’s dividend payout ratio is currently 33.54%.
UnitedHealth Group Company Profile
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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