Barrett Asset Management LLC increased its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 54.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,504 shares of the healthcare conglomerate’s stock after acquiring an additional 2,304 shares during the quarter. Barrett Asset Management LLC’s holdings in UnitedHealth Group were worth $1,206,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of UnitedHealth Group by 1,722.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after acquiring an additional 603 shares during the last quarter. Kings Point Capital Management grew its holdings in shares of UnitedHealth Group by 27.9% in the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after acquiring an additional 150 shares during the last quarter. Founders Capital Management acquired a new position in shares of UnitedHealth Group in the 1st quarter worth $135,000. Parkside Financial Bank & Trust grew its holdings in shares of UnitedHealth Group by 1.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after acquiring an additional 12 shares during the last quarter. Finally, Hanson McClain Inc. grew its holdings in shares of UnitedHealth Group by 1.7% in the 1st quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock worth $147,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.
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Shares of UnitedHealth Group Incorporated (NYSE:UNH) opened at 198.06 on Friday. UnitedHealth Group Incorporated has a 12 month low of $133.03 and a 12 month high of $200.76. The firm has a 50 day moving average price of $196.36 and a 200-day moving average price of $183.56. The firm has a market cap of $191.50 billion, a PE ratio of 23.79 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company earned $1.96 EPS. On average, analysts predict that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, September 7th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.13%.
In other UnitedHealth Group news, Director Gail R. Wilensky sold 5,600 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the completion of the transaction, the director now owns 60,834 shares in the company, valued at approximately $12,135,774.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Larry C. Renfro sold 50,574 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $198.11, for a total value of $10,019,215.14. Following the completion of the transaction, the insider now owns 195,625 shares of the company’s stock, valued at approximately $38,755,268.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,174 shares of company stock valued at $14,981,909. Corporate insiders own 0.89% of the company’s stock.
A number of brokerages recently issued reports on UNH. Sanford C. Bernstein restated an “outperform” rating and issued a $190.00 target price on shares of UnitedHealth Group in a report on Monday, July 10th. Cantor Fitzgerald restated a “buy” rating and issued a $205.00 target price on shares of UnitedHealth Group in a report on Friday, July 7th. Credit Suisse Group restated an “outperform” rating and issued a $200.00 target price (up from $195.00) on shares of UnitedHealth Group in a report on Thursday, July 13th. Citigroup Inc. lifted their target price on UnitedHealth Group from $195.00 to $213.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $212.00 target price on shares of UnitedHealth Group in a report on Thursday, July 20th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. UnitedHealth Group presently has an average rating of “Buy” and a consensus price target of $203.59.
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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