Public Employees Retirement Association of Colorado trimmed its position in UnitedHealth Group Inc (NYSE:UNH) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 730,103 shares of the healthcare conglomerate’s stock after selling 1,719 shares during the quarter. UnitedHealth Group accounts for 1.0% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 20th largest position. Public Employees Retirement Association of Colorado owned about 0.08% of UnitedHealth Group worth $158,666,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Garrison Point Advisors LLC grew its holdings in shares of UnitedHealth Group by 1.2% during the second quarter. Garrison Point Advisors LLC now owns 3,486 shares of the healthcare conglomerate’s stock worth $851,000 after purchasing an additional 40 shares during the last quarter. Clear Harbor Asset Management LLC boosted its holdings in 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 last quarter. Smith Moore & CO. boosted its holdings in 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 last quarter. Integrated Investment Consultants LLC boosted its holdings in 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 last quarter. Finally, Meridian Financial Partners LLC boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.
In related news, CAO Thomas E. Roos sold 1,177 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $255.04, for a total value of $300,182.08. Following the sale, the chief accounting officer now owns 21,687 shares of the company’s stock, valued at approximately $5,531,052.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard T. Burke sold 2,000 shares of UnitedHealth Group 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 in the company, valued at approximately $43,517,138.50. The disclosure for this sale can be found here. In the last three months, insiders sold 33,177 shares of company stock worth $7,842,582. 0.87% of the stock is owned by insiders.
A number of equities analysts have issued reports on UNH shares. ValuEngine upgraded UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Oppenheimer set a $312.00 price target on UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets lowered UnitedHealth Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $292.00 to $249.00 in a research report on Monday, September 30th. Deutsche Bank initiated coverage on UnitedHealth Group in a research report on Thursday, September 12th. They set a “hold” rating and a $263.00 price target on the stock. Finally, Jefferies Financial Group lowered UnitedHealth Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $300.00 to $235.00 in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $283.84.
Shares of NYSE UNH traded up $0.51 during mid-day trading on Friday, reaching $256.97. 2,161,274 shares of the company’s stock were exchanged, compared to its average volume of 4,544,972. The firm 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 company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $234.76 and a 200 day simple moving average of $241.05. UnitedHealth Group Inc has a twelve month low of $208.07 and a twelve month high of $287.94.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $60.35 billion for the quarter, compared to analyst estimates of $59.84 billion. During the same quarter last year, the firm earned $3.41 EPS. UnitedHealth Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts predict that UnitedHealth Group Inc will post 14.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.68%. UnitedHealth Group’s dividend payout ratio is presently 33.54%.
UnitedHealth Group 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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