Investec Asset Management PTY Ltd Grows Position in UnitedHealth Group Incorporated (UNH)

Investec Asset Management PTY Ltd increased its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 51.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,195 shares of the healthcare conglomerate’s stock after purchasing an additional 3,464 shares during the quarter. UnitedHealth Group accounts for 1.0% of Investec Asset Management PTY Ltd’s holdings, making the stock its 17th biggest position. Investec Asset Management PTY Ltd’s holdings in UnitedHealth Group were worth $1,891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Investec Asset Management LTD raised its holdings in shares of UnitedHealth Group by 0.8% in the 2nd quarter. Investec Asset Management LTD now owns 2,183,079 shares of the healthcare conglomerate’s stock worth $404,787,000 after purchasing an additional 17,197 shares in the last quarter. Fayez Sarofim & Co. raised its holdings in shares of UnitedHealth Group by 35.3% in the 2nd quarter. Fayez Sarofim & Co. now owns 516,190 shares of the healthcare conglomerate’s stock worth $95,711,000 after purchasing an additional 134,546 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of UnitedHealth Group by 10.0% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,924 shares of the healthcare conglomerate’s stock worth $357,000 after purchasing an additional 175 shares in the last quarter. Sivik Global Healthcare LLC raised its holdings in shares of UnitedHealth Group by 16.7% in the 2nd quarter. Sivik Global Healthcare LLC now owns 52,500 shares of the healthcare conglomerate’s stock worth $9,735,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Howard Hughes Medical Institute raised its holdings in shares of UnitedHealth Group by 68.8% in the 2nd quarter. Howard Hughes Medical Institute now owns 6,065 shares of the healthcare conglomerate’s stock worth $1,125,000 after purchasing an additional 2,473 shares in the last quarter. Institutional investors and hedge funds own 85.71% of the company’s stock.

UnitedHealth Group Incorporated (NYSE:UNH) traded up $1.29 during mid-day trading on Friday, reaching $212.51. 743,961 shares of the company’s stock traded hands, compared to its average volume of 2,203,462. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $205,936.64, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.58 and a beta of 0.64. UnitedHealth Group Incorporated has a 12 month low of $150.00 and a 12 month high of $213.93.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion during the quarter, compared to the consensus estimate of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. sell-side analysts expect that UnitedHealth Group Incorporated will post 9.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, November 30th. UnitedHealth Group’s dividend payout ratio is 33.26%.

Several research analysts have recently weighed in on UNH shares. ValuEngine raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cantor Fitzgerald lifted their target price on shares of UnitedHealth Group to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Credit Suisse Group started coverage on shares of UnitedHealth Group in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $233.00 target price on the stock. Finally, UBS AG reissued an “overweight” rating on shares of UnitedHealth Group in a research report on Thursday, August 24th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $216.65.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 457 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $211.03, for a total value of $96,440.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Larry C. Renfro sold 50,574 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the completion of the sale, the insider now directly owns 195,625 shares of the company’s stock, valued at $38,755,268.75. The disclosure for this sale can be found here. Insiders sold 57,606 shares of company stock valued at $11,433,133 over the last three months. Insiders own 0.89% of the company’s stock.

WARNING: “Investec Asset Management PTY Ltd Grows Position in UnitedHealth Group Incorporated (UNH)” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://transcriptdaily.com/2017/11/26/investec-asset-management-pty-ltd-grows-position-in-unitedhealth-group-incorporated-unh.html.

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.

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

Receive News & Ratings for UnitedHealth Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply