Public Employees Retirement Association of Colorado cut its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 782,400 shares of the healthcare conglomerate’s stock after selling 790 shares during the quarter. UnitedHealth Group makes up 1.1% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 14th largest position. Public Employees Retirement Association of Colorado owned about 0.08% of UnitedHealth Group worth $145,073,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Heartland Consultants Inc. grew its holdings in shares of UnitedHealth Group by 5.0% during the second quarter. First Heartland Consultants Inc. now owns 1,957 shares of the healthcare conglomerate’s stock worth $363,000 after buying an additional 94 shares in the last quarter. Steinberg Global Asset Management grew its holdings in shares of UnitedHealth Group by 20.8% during the second quarter. Steinberg Global Asset Management now owns 2,436 shares of the healthcare conglomerate’s stock worth $452,000 after buying an additional 420 shares in the last quarter. FineMark National Bank & Trust grew its holdings in shares of UnitedHealth Group by 11.7% during the second quarter. FineMark National Bank & Trust now owns 34,003 shares of the healthcare conglomerate’s stock worth $6,305,000 after buying an additional 3,561 shares in the last quarter. Dempze Nancy E purchased a new stake in shares of UnitedHealth Group during the second quarter worth about $222,000. Finally, Moody Lynn & Lieberson LLC grew its holdings in shares of UnitedHealth Group by 569.9% during the second quarter. Moody Lynn & Lieberson LLC now owns 8,937 shares of the healthcare conglomerate’s stock worth $1,657,000 after buying an additional 7,603 shares in the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.
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A number of equities research analysts have recently commented on the stock. Cowen and Company reiterated an “outperform” rating and set a $220.00 price target (up from $175.00) on shares of UnitedHealth Group in a report on Friday, August 11th. Morgan Stanley lifted their price target on shares of UnitedHealth Group from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, August 17th. Jefferies Group LLC reiterated a “buy” rating and set a $215.00 price target on shares of UnitedHealth Group in a report on Friday, August 18th. Leerink Swann reissued an “outperform” rating on shares of UnitedHealth Group in a research report on Friday, June 9th. Finally, BidaskClub raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. UnitedHealth Group presently has an average rating of “Buy” and an average price target of $203.41.
UnitedHealth Group Incorporated (NYSE:UNH) opened at 198.18 on Friday. The stock’s 50 day moving average is $195.28 and its 200-day moving average is $180.64. UnitedHealth Group Incorporated has a 52-week low of $133.03 and a 52-week high of $200.76. The firm has a market capitalization of $191.61 billion, a PE ratio of 23.81 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.08. The firm had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. Equities analysts expect that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.
The firm 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. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. UnitedHealth Group’s dividend payout ratio is 35.13%.
In other news, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total value of $969,900.00. Following the completion of the sale, the director now directly owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 1,818,898 shares of the company’s stock, valued at $348,700,935.58. The disclosure for this sale can be found here. Insiders sold 25,600 shares of company stock valued at $4,962,694 over the last three months. 0.89% of the stock is owned by company insiders.
UnitedHealth Group 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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