Orrstown Financial Services Inc. Reduces Position in UnitedHealth Group Incorporated (NYSE:UNH)

Orrstown Financial Services Inc. trimmed its stake in UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 5.9% during the 1st quarter, HoldingsChannel reports. The fund owned 2,925 shares of the healthcare conglomerate’s stock after selling 182 shares during the quarter. UnitedHealth Group comprises 2.8% of Orrstown Financial Services Inc.’s holdings, making the stock its 5th biggest position. Orrstown Financial Services Inc.’s holdings in UnitedHealth Group were worth $1,492,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. CAPROCK Group Inc. lifted its holdings in shares of UnitedHealth Group by 4.8% during the first quarter. CAPROCK Group Inc. now owns 11,940 shares of the healthcare conglomerate’s stock valued at $6,089,000 after purchasing an additional 546 shares in the last quarter. First American Trust FSB lifted its holdings in shares of UnitedHealth Group by 20.9% during the first quarter. First American Trust FSB now owns 1,257 shares of the healthcare conglomerate’s stock valued at $641,000 after purchasing an additional 217 shares in the last quarter. CCG Wealth Management LLC bought a new position in shares of UnitedHealth Group during the first quarter valued at $760,000. NuWave Investment Management LLC bought a new position in shares of UnitedHealth Group during the first quarter valued at $385,000. Finally, CHURCHILL MANAGEMENT Corp lifted its holdings in shares of UnitedHealth Group by 45.8% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 33,532 shares of the healthcare conglomerate’s stock valued at $17,100,000 after purchasing an additional 10,540 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

In other UnitedHealth Group news, Director Richard T. Burke sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $478.96, for a total transaction of $1,197,400.00. Following the transaction, the director now directly owns 1,215,000 shares in the company, valued at approximately $581,936,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick William Mcnabb III acquired 89 shares of UnitedHealth Group stock in a transaction on Thursday, May 26th. The shares were purchased at an average price of $504.32 per share, for a total transaction of $44,884.48. Following the completion of the acquisition, the director now directly owns 11,259 shares in the company, valued at $5,678,138.88. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.

A number of analysts recently commented on UNH shares. Wells Fargo & Company reduced their price objective on UnitedHealth Group from $613.00 to $612.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. Cowen upped their price objective on UnitedHealth Group from $512.00 to $596.00 in a research report on Monday, April 18th. Cowen upped their price target on UnitedHealth Group from $512.00 to $596.00 in a research report on Monday, April 18th. Morgan Stanley upped their price target on UnitedHealth Group from $570.00 to $577.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Finally, Oppenheimer upped their price target on UnitedHealth Group from $550.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday, April 18th. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $555.73.

NYSE:UNH opened at $489.68 on Thursday. The firm has a market capitalization of $459.40 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.41 and a beta of 0.83. UnitedHealth Group Incorporated has a 1 year low of $383.12 and a 1 year high of $553.29. The business has a 50 day simple moving average of $496.56 and a 200-day simple moving average of $490.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.78.

UnitedHealth Group (NYSE:UNH – Get Rating) last posted its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.09. The business had revenue of $80.15 billion during the quarter, compared to analyst estimates of $78.77 billion. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company earned $5.31 EPS. As a group, analysts expect that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th will be issued a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.35%. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date is Thursday, June 16th. UnitedHealth Group’s dividend payout ratio is presently 36.12%.

About UnitedHealth Group (Get Rating)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 care coverage 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; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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