Oak Associates Ltd. OH trimmed its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,900 shares of the healthcare conglomerate’s stock after selling 200 shares during the quarter. Oak Associates Ltd. OH’s holdings in UnitedHealth Group were worth $2,772,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC grew its stake in UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after purchasing an additional 603 shares in the last quarter. Kings Point Capital Management boosted its stake in UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after acquiring an additional 150 shares during the period. Founders Capital Management acquired a new position in UnitedHealth Group in the first quarter valued at approximately $135,000. Parkside Financial Bank & Trust boosted its stake in UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after acquiring an additional 12 shares during the period. Finally, Hanson McClain Inc. boosted its stake in UnitedHealth Group by 1.7% in the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after acquiring an additional 15 shares during the period. 86.21% of the stock is currently owned by institutional investors and hedge funds.
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In other news, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $191.71, for a total value of $2,875,650.00. Following the completion of the transaction, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the completion of the transaction, the director now directly owns 60,834 shares of the company’s stock, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. In the last three months, insiders sold 25,600 shares of company stock valued at $4,962,694. Insiders own 0.89% of the company’s stock.
Shares of UnitedHealth Group Incorporated (NYSE:UNH) traded down 0.83% during midday trading on Tuesday, reaching $197.92. 762,597 shares of the company were exchanged. The stock has a 50-day moving average price of $194.25 and a 200 day moving average price of $179.76. UnitedHealth Group Incorporated has a 52-week low of $132.88 and a 52-week high of $200.44. The company has a market capitalization of $191.36 billion, a P/E ratio of 23.78 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.08. The business had revenue of $50.05 billion during the quarter, compared to the consensus estimate of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 earnings per share. Equities research analysts expect that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, September 7th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.13%.
A number of equities analysts have commented on the company. Cantor Fitzgerald restated a “buy” rating and issued a $205.00 target price on shares of UnitedHealth Group in a research note on Friday, July 7th. Sanford C. Bernstein reiterated an “outperform” rating and set a $190.00 price objective on shares of UnitedHealth Group in a research report on Monday, July 10th. Credit Suisse Group reiterated an “outperform” rating and set a $200.00 price objective (up from $195.00) on shares of UnitedHealth Group in a research report on Thursday, July 13th. Citigroup Inc. boosted their price objective on UnitedHealth Group from $195.00 to $213.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $212.00 price objective on shares of UnitedHealth Group in a research report on Thursday, July 20th. One analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. UnitedHealth Group presently has a consensus rating of “Buy” and an average target price of $203.41.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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