Kornitzer Capital Management Inc. KS increased its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 455.6% during the 4th quarter, Holdings Channel reports. The firm owned 25,142 shares of the healthcare conglomerate’s stock after purchasing an additional 20,617 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in UnitedHealth Group were worth $5,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Regal Wealth Group Inc. lifted its stake in UnitedHealth Group by 0.4% during the second quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock worth $138,000 after purchasing an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its position in UnitedHealth Group by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,101 shares of the healthcare conglomerate’s stock worth $204,000 after buying an additional 4 shares during the period. RNC Capital Management LLC increased its position in UnitedHealth Group by 0.7% in the second quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock worth $360,000 after buying an additional 13 shares during the period. Highland Private Wealth Management increased its position in UnitedHealth Group by 0.4% in the second quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock worth $593,000 after buying an additional 13 shares during the period. Finally, WMS Partners LLC increased its position in UnitedHealth Group by 0.8% in the second quarter. WMS Partners LLC now owns 2,530 shares of the healthcare conglomerate’s stock worth $469,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 85.87% of the company’s stock.
In related news, CEO Larry C. Renfro sold 22,598 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the completion of the transaction, the chief executive officer now owns 195,314 shares of the company’s stock, valued at $43,310,879.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William C. Ballard, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $246.38, for a total value of $2,463,800.00. Following the transaction, the director now directly owns 76,637 shares of the company’s stock, valued at approximately $18,881,824.06. The disclosure for this sale can be found here. Insiders have sold 53,196 shares of company stock valued at $12,291,179 in the last ninety days. Company insiders own 0.89% of the company’s stock.
UnitedHealth Group Inc (NYSE UNH) opened at $225.43 on Friday. The company has a market capitalization of $218,820.00, a price-to-earnings ratio of 23.73, a PEG ratio of 1.31 and a beta of 0.74. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58. UnitedHealth Group Inc has a fifty-two week low of $162.74 and a fifty-two week high of $250.79.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.09. The company had revenue of $52.06 billion for the quarter, compared to analyst estimates of $51.57 billion. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.11 earnings per share. sell-side analysts predict that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.00 annualized dividend and a yield of 1.33%. UnitedHealth Group’s dividend payout ratio is currently 31.58%.
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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.
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