UnitedHealth Group Inc (NYSE:UNH) Stock Position Trimmed by SlateStone Wealth LLC

SlateStone Wealth LLC cut its position in UnitedHealth Group Inc (NYSE:UNH) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,145 shares of the healthcare conglomerate’s stock after selling 560 shares during the quarter. SlateStone Wealth LLC’s holdings in UnitedHealth Group were worth $3,570,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nomura Holdings Inc. lifted its position in UnitedHealth Group by 474.5% in the 3rd quarter. Nomura Holdings Inc. now owns 561,936 shares of the healthcare conglomerate’s stock valued at $122,846,000 after purchasing an additional 464,121 shares during the last quarter. IHT Wealth Management LLC increased its stake in UnitedHealth Group by 28.9% during the 3rd quarter. IHT Wealth Management LLC now owns 3,671 shares of the healthcare conglomerate’s stock valued at $816,000 after buying an additional 822 shares during the period. Penserra Capital Management LLC increased its stake in UnitedHealth Group by 40.4% during the 3rd quarter. Penserra Capital Management LLC now owns 3,915 shares of the healthcare conglomerate’s stock valued at $849,000 after buying an additional 1,126 shares during the period. D.A. Davidson & CO. increased its stake in UnitedHealth Group by 5.6% during the 3rd quarter. D.A. Davidson & CO. now owns 42,996 shares of the healthcare conglomerate’s stock valued at $9,344,000 after buying an additional 2,264 shares during the period. Finally, Advisors Capital Management LLC increased its stake in UnitedHealth Group by 125.6% during the 4th quarter. Advisors Capital Management LLC now owns 6,390 shares of the healthcare conglomerate’s stock valued at $1,879,000 after buying an additional 3,558 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Several research firms have commented on UNH. Wells Fargo & Co reissued an “overweight” rating and set a $335.00 target price (up previously from $318.00) on shares of UnitedHealth Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on shares of UnitedHealth Group from $276.00 to $361.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. BMO Capital Markets reissued a “market perform” rating and set a $310.00 target price on shares of UnitedHealth Group in a research note on Wednesday, December 4th. Argus reissued a “buy” rating and set a $340.00 target price on shares of UnitedHealth Group in a research note on Thursday, December 19th. Finally, Mizuho reissued a “buy” rating and set a $300.00 target price (up previously from $270.00) on shares of UnitedHealth Group in a research note on Tuesday, November 26th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. UnitedHealth Group currently has a consensus rating of “Buy” and an average price target of $313.50.

Shares of UNH traded down $3.42 during mid-day trading on Friday, hitting $298.78. The company’s stock had a trading volume of 2,485,540 shares, compared to its average volume of 4,046,964. The firm has a 50-day moving average price of $291.30 and a 200 day moving average price of $260.18. The stock has a market capitalization of $271.94 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.41 and a beta of 0.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.70. UnitedHealth Group Inc has a fifty-two week low of $208.07 and a fifty-two week high of $305.90.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Wednesday, January 15th. The healthcare conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.77 by $0.13. The company had revenue of $60.90 billion for the quarter, compared to analysts’ expectations of $61.17 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 25.55%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.28 EPS. As a group, equities analysts anticipate that UnitedHealth Group Inc will post 16.47 EPS for the current fiscal year.

In other news, EVP D Ellen Wilson sold 7,400 shares of UnitedHealth Group stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $272.77, for a total value of $2,018,498.00. Also, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $299.45, for a total transaction of $4,491,750.00. Following the completion of the transaction, the director now directly owns 158,598 shares in the company, valued at $47,492,171.10. The disclosure for this sale can be found here. Insiders own 0.82% of the company’s stock.

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

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