Virginia Retirement Systems ET AL Sells 17,900 Shares of UnitedHealth Group Incorporated (UNH)

Virginia Retirement Systems ET AL reduced its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 412,580 shares of the healthcare conglomerate’s stock after selling 17,900 shares during the quarter. UnitedHealth Group comprises 1.0% of Virginia Retirement Systems ET AL’s holdings, making the stock its 13th biggest position. Virginia Retirement Systems ET AL’s holdings in UnitedHealth Group were worth $76,501,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. RB Capital Management LLC raised its holdings in UnitedHealth Group by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 1,732 shares of the healthcare conglomerate’s stock worth $321,000 after purchasing an additional 7 shares during the last quarter. Altfest L J & Co. Inc. raised its holdings in UnitedHealth Group by 0.3% during the 2nd quarter. Altfest L J & Co. Inc. now owns 2,963 shares of the healthcare conglomerate’s stock worth $549,000 after purchasing an additional 10 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in UnitedHealth Group by 1.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after purchasing an additional 12 shares during the last quarter. Budros Ruhlin & Roe Inc. raised its holdings in UnitedHealth Group by 0.8% during the 1st quarter. Budros Ruhlin & Roe Inc. now owns 1,832 shares of the healthcare conglomerate’s stock worth $301,000 after purchasing an additional 15 shares during the last quarter. Finally, Hanson McClain Inc. raised its holdings in UnitedHealth Group by 1.7% during the 1st quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock worth $147,000 after purchasing an additional 15 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

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In related news, insider Thomas E. Roos sold 975 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total transaction of $200,333.25. Following the transaction, the insider now owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total value of $1,117,144.00. Following the transaction, the director now directly owns 60,834 shares in the company, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. Insiders sold 77,149 shares of company stock valued at $15,182,242 in the last three months. Insiders own 0.89% of the company’s stock.

Several analysts have weighed in on the company. Mizuho reissued a “buy” rating on shares of UnitedHealth Group in a report on Tuesday. Oppenheimer Holdings, Inc. boosted their price objective on UnitedHealth Group from $215.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Sanford C. Bernstein reissued an “outperform” rating and set a $219.00 price objective (up from $210.00) on shares of UnitedHealth Group in a report on Thursday, October 19th. Argus boosted their price objective on UnitedHealth Group from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Piper Jaffray Companies boosted their target price on UnitedHealth Group to $228.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $215.27.

UnitedHealth Group Incorporated (NYSE:UNH) opened at 208.15 on Wednesday. The firm’s 50-day moving average price is $197.92 and its 200-day moving average price is $186.84. The firm has a market cap of $205.86 billion, a P/E ratio of 23.63 and a beta of 0.63. UnitedHealth Group Incorporated has a 52-week low of $136.22 and a 52-week high of $208.45.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The firm had revenue of $50.32 billion during the quarter, compared to analysts’ expectations of $50.38 billion. During the same quarter last year, the firm posted $2.17 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts expect that UnitedHealth Group Incorporated will post $9.96 EPS for the current year.

About UnitedHealth Group

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.

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

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