Virtu Financial LLC Reduces Position in UnitedHealth Group Incorporated (UNH)

Virtu Financial LLC cut its position in UnitedHealth Group Incorporated (NYSE:UNH) by 87.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,245 shares of the healthcare conglomerate’s stock after selling 8,982 shares during the period. Virtu Financial LLC’s holdings in UnitedHealth Group were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UNH. Ellington Management Group LLC acquired a new position in shares of UnitedHealth Group during the fourth quarter worth approximately $528,000. Highland Capital Management LP acquired a new position in shares of UnitedHealth Group during the fourth quarter worth about $4,001,000. Retirement Systems of Alabama increased its position in shares of UnitedHealth Group by 2.5% in the first quarter. Retirement Systems of Alabama now owns 640,240 shares of the healthcare conglomerate’s stock worth $105,006,000 after buying an additional 15,403 shares during the last quarter. Fiera Capital Corp increased its position in shares of UnitedHealth Group by 10.1% in the fourth quarter. Fiera Capital Corp now owns 630,755 shares of the healthcare conglomerate’s stock worth $100,945,000 after buying an additional 58,073 shares during the last quarter. Finally, Polaris Capital Management LLC increased its position in shares of UnitedHealth Group by 23.5% in the fourth quarter. Polaris Capital Management LLC now owns 209,780 shares of the healthcare conglomerate’s stock worth $33,573,000 after buying an additional 39,884 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

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

UnitedHealth Group Incorporated (NYSE:UNH) traded up 0.69% during mid-day trading on Friday, reaching $181.63. 4,473,267 shares of the company’s stock were exchanged. UnitedHealth Group Incorporated has a 1-year low of $132.39 and a 1-year high of $183.76. The stock has a market capitalization of $175.03 billion, a PE ratio of 23.25 and a beta of 0.65. The firm’s 50-day moving average is $176.17 and its 200 day moving average is $166.97. UnitedHealth Group also saw some unusual options trading activity on Wednesday. Traders acquired 19,286 call options on the stock. This represents an increase of approximately 675% compared to the typical volume of 2,488 call options.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, April 18th. The healthcare conglomerate reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.20. UnitedHealth Group had a net margin of 4.13% and a return on equity of 21.42%. The company had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.21 billion. During the same quarter last year, the firm posted $1.81 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts forecast that UnitedHealth Group Incorporated will post $9.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Monday, June 19th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.65%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, June 15th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 37.36%.

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A number of equities research analysts have recently weighed in on UNH shares. Wells Fargo & Company reissued an “outperform” rating on shares of UnitedHealth Group in a report on Tuesday, February 21st. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a report on Wednesday, February 22nd. Leerink Swann boosted their price objective on shares of UnitedHealth Group from $195.00 to $210.00 and gave the company a “hold” rating in a report on Tuesday, February 28th. Deutsche Bank AG assumed coverage on shares of UnitedHealth Group in a report on Wednesday, April 5th. They set a “buy” rating and a $183.00 price objective on the stock. Finally, Vetr raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Wednesday, April 5th. One equities research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $184.23.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 838 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $169.12, for a total value of $141,722.56. Following the completion of the transaction, the director now directly owns 28,528 shares in the company, valued at $4,824,655.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $170.47, for a total transaction of $852,350.00. Following the completion of the sale, the director now directly owns 75,735 shares of the company’s stock, valued at $12,910,545.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,378 shares of company stock valued at $5,285,052. Corporate insiders own 0.89% of the company’s stock.

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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