Hartford Investment Management Co. lowered its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 117,016 shares of the healthcare conglomerate’s stock after selling 2,670 shares during the period. UnitedHealth Group comprises about 0.9% of Hartford Investment Management Co.’s investment portfolio, making the stock its 17th biggest position. Hartford Investment Management Co.’s holdings in UnitedHealth Group were worth $29,151,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Advisor Partners LLC boosted its position in UnitedHealth Group by 6.5% during the 4th quarter. Advisor Partners LLC now owns 31,893 shares of the healthcare conglomerate’s stock valued at $7,945,000 after buying an additional 1,949 shares during the period. TIAA CREF Investment Management LLC boosted its position in UnitedHealth Group by 7.3% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 5,462,680 shares of the healthcare conglomerate’s stock valued at $1,453,291,000 after buying an additional 370,179 shares during the period. Financial Enhancement Group LLC boosted its position in UnitedHealth Group by 2,579.3% during the 3rd quarter. Financial Enhancement Group LLC now owns 1,554 shares of the healthcare conglomerate’s stock valued at $413,000 after buying an additional 1,496 shares during the period. Legacy Bridge LLC purchased a new stake in UnitedHealth Group during the 4th quarter valued at $824,000. Finally, BLB&B Advisors LLC boosted its position in UnitedHealth Group by 5.8% during the 4th quarter. BLB&B Advisors LLC now owns 1,198 shares of the healthcare conglomerate’s stock valued at $298,000 after buying an additional 66 shares during the period. 85.42% of the stock is currently owned by institutional investors.
NYSE:UNH opened at $242.22 on Friday. UnitedHealth Group Inc has a 12 month low of $212.49 and a 12 month high of $287.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $239.96 billion, a PE ratio of 18.81, a P/E/G ratio of 1.37 and a beta of 0.86.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, January 15th. The healthcare conglomerate reported $3.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.08. UnitedHealth Group had a net margin of 5.30% and a return on equity of 24.38%. The firm had revenue of $58.42 billion during the quarter, compared to analysts’ expectations of $58.01 billion. During the same period last year, the company posted $2.59 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that UnitedHealth Group Inc will post 14.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Monday, March 11th will be given a $0.90 dividend. The ex-dividend date is Friday, March 8th. This represents a $3.60 annualized dividend and a dividend yield of 1.49%. UnitedHealth Group’s dividend payout ratio is 27.95%.
UNH has been the subject of several analyst reports. Cantor Fitzgerald reissued a “buy” rating and set a $310.00 price target on shares of UnitedHealth Group in a research report on Wednesday, November 21st. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $279.00 price target for the company in a research report on Saturday, January 5th. Argus increased their price target on shares of UnitedHealth Group from $285.00 to $295.00 and gave the company a “buy” rating in a research report on Monday, December 17th. Raymond James set a $310.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a research report on Wednesday, November 28th. Finally, BMO Capital Markets set a $310.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a research report on Tuesday, November 27th. Two investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $297.80.
In other news, Director Richard T. Burke sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $260.55, for a total value of $3,908,250.00. Following the completion of the sale, the director now directly owns 193,872 shares of the company’s stock, valued at approximately $50,513,349.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $266.61, for a total transaction of $1,333,050.00. Following the completion of the sale, the director now directly owns 77,702 shares of the company’s stock, valued at $20,716,130.22. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.
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UnitedHealth Group Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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