Stock Yards Bank & Trust Co. held its stake in UnitedHealth Group Incorporated (NYSE:UNH) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,169 shares of the healthcare conglomerate’s stock at the close of the 2nd quarter. Stock Yards Bank & Trust Co.’s holdings in UnitedHealth Group were worth $402,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in UnitedHealth Group by 1,722.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after buying an additional 603 shares during the last quarter. Kings Point Capital Management increased its holdings in UnitedHealth Group by 27.9% during the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 150 shares during the last quarter. Founders Capital Management purchased a new stake in UnitedHealth Group during the first quarter valued at approximately $135,000. Parkside Financial Bank & Trust increased its holdings in UnitedHealth Group by 1.4% during the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after buying an additional 12 shares during the last quarter. Finally, Hanson McClain Inc. increased its holdings in UnitedHealth Group by 1.7% during the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after buying an additional 15 shares during the last quarter. 86.21% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on UNH. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 target price for the company in a report on Wednesday, June 7th. Barclays PLC upped their target price on shares of UnitedHealth Group from $200.00 to $217.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Friday, July 14th. Leerink Swann reaffirmed an “outperform” rating on shares of UnitedHealth Group in a report on Friday, June 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $215.00 target price on shares of UnitedHealth Group in a report on Friday, August 18th. One research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. UnitedHealth Group currently has an average rating of “Buy” and a consensus target price of $203.41.
In other UnitedHealth Group news, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the sale, the director now owns 60,834 shares of the company’s stock, valued at approximately $12,135,774.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction on Monday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the sale, the director now directly owns 1,818,898 shares in the company, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. In the last three months, insiders sold 25,600 shares of company stock valued at $4,962,694. 0.89% of the stock is owned by insiders.
Shares of UnitedHealth Group Incorporated (NYSE:UNH) traded up 0.23% during trading on Friday, hitting $198.18. 4,198,691 shares of the company were exchanged. UnitedHealth Group Incorporated has a 12 month low of $133.03 and a 12 month 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. The firm’s 50-day moving average price is $195.28 and its 200 day moving average price is $180.64.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the consensus estimate of $2.38 by $0.08. The company had revenue of $50.05 billion during the quarter, compared to analyst estimates of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. On average, equities research analysts expect that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 7th. UnitedHealth Group’s payout ratio is presently 35.13%.
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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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