WFG Advisors LP lifted its position in UnitedHealth Group Incorporated (NYSE:UNH) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,350 shares of the healthcare conglomerate’s stock after acquiring an additional 825 shares during the period. WFG Advisors LP’s holdings in UnitedHealth Group were worth $1,177,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in UNH. Harbour Capital Advisors LLC raised its position in shares of UnitedHealth Group by 18,383.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,516,706 shares of the healthcare conglomerate’s stock valued at $13,573,000 after acquiring an additional 2,503,090 shares during the period. Janus Henderson Group PLC raised its position in shares of UnitedHealth Group by 1,820.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,388,641 shares of the healthcare conglomerate’s stock valued at $442,896,000 after acquiring an additional 2,264,242 shares during the period. Vanguard Group Inc. raised its position in shares of UnitedHealth Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock valued at $11,974,168,000 after acquiring an additional 1,588,516 shares during the period. Parametric Portfolio Associates LLC raised its holdings in UnitedHealth Group by 77.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,584,134 shares of the healthcare conglomerate’s stock worth $664,570,000 after buying an additional 1,562,661 shares during the period. Finally, Jennison Associates LLC raised its holdings in UnitedHealth Group by 180.4% during the 2nd quarter. Jennison Associates LLC now owns 2,252,507 shares of the healthcare conglomerate’s stock worth $417,660,000 after buying an additional 1,449,130 shares during the period. Institutional investors and hedge funds own 86.20% of the company’s stock.
In other news, insider Larry C. Renfro sold 50,574 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the completion of the transaction, the insider now directly owns 195,625 shares of the company’s stock, valued at approximately $38,755,268.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth Irwin Shine sold 457 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total transaction of $96,440.71. The disclosure for this sale can be found here. Insiders have sold a total of 62,606 shares of company stock valued at $12,677,525 over the last ninety days. Company insiders own 0.89% of the company’s stock.
Shares of UnitedHealth Group Incorporated (NYSE UNH) traded up $1.86 on Thursday, hitting $224.35. 3,059,400 shares of the stock traded hands, compared to its average volume of 3,100,568. The company has a market cap of $216,240.00, a PE ratio of 23.17, a P/E/G ratio of 1.65 and a beta of 0.66. UnitedHealth Group Incorporated has a one year low of $156.09 and a one year high of $231.77. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion during the quarter, compared to analysts’ expectations of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $2.17 EPS. equities research analysts forecast that UnitedHealth Group Incorporated will post 9.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.00 annualized dividend and a dividend yield of 1.34%. UnitedHealth Group’s dividend payout ratio is currently 34.09%.
Several analysts have commented on the stock. ValuEngine downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Raymond James Financial restated a “buy” rating on shares of UnitedHealth Group in a report on Wednesday, December 6th. Sanford C. Bernstein raised their target price on shares of UnitedHealth Group from $219.00 to $246.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Leerink Swann restated an “outperform” rating on shares of UnitedHealth Group in a report on Friday, December 1st. Finally, Jefferies Group restated a “buy” rating and set a $248.00 target price on shares of UnitedHealth Group in a report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $224.56.
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UnitedHealth Group Company 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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