Cigna Investments Inc. New raised its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,646 shares of the healthcare conglomerate’s stock after buying an additional 361 shares during the period. UnitedHealth Group comprises about 0.5% of Cigna Investments Inc. New’s holdings, making the stock its 24th largest holding. Cigna Investments Inc. New’s holdings in UnitedHealth Group were worth $7,351,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. Patriot Financial Group Insurance Agency LLC raised its stake in shares of UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after acquiring an additional 603 shares in the last quarter. Kings Point Capital Management raised its stake in shares of UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after acquiring an additional 150 shares in the last quarter. Founders Capital Management acquired a new stake in shares of UnitedHealth Group in the first quarter valued at $135,000. Parkside Financial Bank & Trust raised its stake in shares of UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after acquiring an additional 12 shares in the last quarter. Finally, Hanson McClain Inc. raised its stake in shares of UnitedHealth Group by 1.7% in the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after acquiring an additional 15 shares in 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 Monday. The firm has a market capitalization of $191.50 billion, a PE ratio of 23.79 and a beta of 0.63. The firm has a 50-day moving average price of $196.36 and a 200-day moving average price of $183.56. UnitedHealth Group Incorporated has a 1-year low of $133.03 and a 1-year high of $200.76.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.08. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The firm had revenue of $50.05 billion for the quarter, compared to analyst estimates of $49.97 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts forecast that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. UnitedHealth Group’s dividend payout ratio is currently 35.13%.
In other news, Director Gail R. Wilensky sold 5,600 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total value of $1,117,144.00. Following the sale, the director now owns 60,834 shares in the company, valued at approximately $12,135,774.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the completion of the sale, the director now owns 1,818,898 shares in the company, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. Insiders sold a total of 76,174 shares of company stock worth $14,981,909 in the last quarter. 0.89% of the stock is currently owned by company insiders.
UNH has been the topic of several analyst reports. Morgan Stanley increased their price objective on UnitedHealth Group from $202.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 price objective on shares of UnitedHealth Group in a research note on Wednesday, June 28th. Cantor Fitzgerald reiterated a “buy” rating and issued a $205.00 price objective on shares of UnitedHealth Group in a research note on Friday, July 7th. BidaskClub upgraded UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $190.00 price objective on shares of UnitedHealth Group in a research note on Monday, July 10th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. UnitedHealth Group has an average rating of “Buy” and an average target price of $203.59.
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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