UnitedHealth Group Incorporated (NYSE:UNH) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden lifted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,100 shares of the healthcare conglomerate’s stock after purchasing an additional 46,800 shares during the period. UnitedHealth Group comprises 1.0% of Forsta AP Fonden’s portfolio, making the stock its 11th largest position. Forsta AP Fonden’s holdings in UnitedHealth Group were worth $87,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fagan Associates Inc. grew its holdings in UnitedHealth Group by 2.2% during the third quarter. Fagan Associates Inc. now owns 1,022 shares of the healthcare conglomerate’s stock valued at $399,000 after purchasing an additional 22 shares during the last quarter. CFM Wealth Partners LLC grew its stake in shares of UnitedHealth Group by 1.7% in the third quarter. CFM Wealth Partners LLC now owns 1,355 shares of the healthcare conglomerate’s stock worth $529,000 after acquiring an additional 23 shares during the last quarter. PFG Private Wealth Management LLC grew its stake in shares of UnitedHealth Group by 2.7% in the third quarter. PFG Private Wealth Management LLC now owns 906 shares of the healthcare conglomerate’s stock worth $354,000 after acquiring an additional 24 shares during the last quarter. Waters Parkerson & CO. LLC grew its stake in shares of UnitedHealth Group by 3.2% in the second quarter. Waters Parkerson & CO. LLC now owns 807 shares of the healthcare conglomerate’s stock worth $323,000 after acquiring an additional 25 shares during the last quarter. Finally, Wealthcare Capital Management LLC grew its stake in shares of UnitedHealth Group by 4.5% in the second quarter. Wealthcare Capital Management LLC now owns 584 shares of the healthcare conglomerate’s stock worth $234,000 after acquiring an additional 25 shares during the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of UnitedHealth Group stock traded up $4.61 on Wednesday, hitting $473.61. The company had a trading volume of 80,126 shares, compared to its average volume of 4,582,306. The firm has a market capitalization of $446.07 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.86 and a beta of 0.86. UnitedHealth Group Incorporated has a twelve month low of $320.35 and a twelve month high of $509.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50-day moving average of $469.31 and a 200-day moving average of $435.22.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Thursday, October 14th. The healthcare conglomerate reported $4.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.41 by $0.11. The company had revenue of $72.34 billion during the quarter, compared to analysts’ expectations of $71.24 billion. UnitedHealth Group had a net margin of 5.52% and a return on equity of 23.08%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.51 earnings per share. Equities analysts predict that UnitedHealth Group Incorporated will post 18.84 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 14th. Stockholders of record on Monday, December 6th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, December 3rd. UnitedHealth Group’s dividend payout ratio is presently 35.98%.

In other news, Director Richard T. Burke sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $444.70, for a total value of $1,111,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Hemsley sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, October 25th. The stock was sold at an average price of $448.72, for a total value of $33,654,000.00. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Several research analysts recently commented on UNH shares. Mizuho raised their target price on UnitedHealth Group from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 20th. Evercore ISI upped their target price on shares of UnitedHealth Group from $360.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 15th. BMO Capital Markets lifted their price target on shares of UnitedHealth Group from $475.00 to $500.00 and gave the company a “market perform” rating in a report on Thursday, December 2nd. They noted that the move was a valuation call. Sanford C. Bernstein boosted their target price on shares of UnitedHealth Group from $508.00 to $564.00 in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of UnitedHealth Group from $478.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, October 25th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $500.54.

About UnitedHealth Group

UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.

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

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