CHICAGO TRUST Co NA lifted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 342.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,740 shares of the healthcare conglomerate’s stock after purchasing an additional 12,180 shares during the period. UnitedHealth Group accounts for 1.3% of CHICAGO TRUST Co NA’s portfolio, making the stock its 26th largest holding. CHICAGO TRUST Co NA’s holdings in UnitedHealth Group were worth $2,918,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp increased its stake in shares of UnitedHealth Group by 8.4% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 27,777 shares of the healthcare conglomerate’s stock worth $5,150,000 after purchasing an additional 2,143 shares during the last quarter. Bank of The West increased its stake in shares of UnitedHealth Group by 21.2% during the 2nd quarter. Bank of The West now owns 41,145 shares of the healthcare conglomerate’s stock worth $7,629,000 after purchasing an additional 7,192 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of UnitedHealth Group by 1.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,481,367 shares of the healthcare conglomerate’s stock worth $274,672,000 after purchasing an additional 20,559 shares during the last quarter. Pennsylvania Trust Co increased its stake in shares of UnitedHealth Group by 10.2% during the 2nd quarter. Pennsylvania Trust Co now owns 75,028 shares of the healthcare conglomerate’s stock worth $13,912,000 after purchasing an additional 6,916 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in shares of UnitedHealth Group by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 623,574 shares of the healthcare conglomerate’s stock worth $115,623,000 after purchasing an additional 2,378 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.
Shares of UnitedHealth Group Incorporated (UNH) traded down 0.95% during mid-day trading on Monday, hitting $191.20. 1,243,920 shares of the stock were exchanged. The stock has a market capitalization of $181.86 billion, a price-to-earnings ratio of 26.37 and a beta of 0.63. UnitedHealth Group Incorporated has a 52 week low of $133.03 and a 52 week high of $200.76. The stock’s 50-day moving average is $195.56 and its 200-day moving average is $181.26. UnitedHealth Group also was the recipient of unusually large options trading activity on Friday. Traders acquired 5,895 put options on the stock. This represents an increase of approximately 254% compared to the typical volume of 1,667 put options.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.08. The firm had revenue of $50.05 billion during the quarter, compared to the consensus estimate of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.96 earnings per share. Analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were paid a $0.75 dividend. The ex-dividend date was Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.55%. UnitedHealth Group’s payout ratio is 35.13%.
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Several research firms have recently weighed in on UNH. Cowen and Company restated an “outperform” rating and set a $220.00 price objective (up from $175.00) on shares of UnitedHealth Group in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 price objective on the stock in a research note on Thursday. Morgan Stanley boosted their price objective on shares of UnitedHealth Group from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, August 17th. Jefferies Group LLC restated a “buy” rating and set a $215.00 price objective on shares of UnitedHealth Group in a research note on Friday, August 18th. Finally, Leerink Swann restated an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, June 9th. One research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $203.59.
In other news, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group 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 completion of the transaction, the director now owns 60,834 shares in the company, valued at $12,135,774.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction of $969,900.00. Following the completion of the transaction, the director now owns 76,058 shares of the company’s stock, valued at approximately $14,753,730.84. The disclosure for this sale can be found here. Insiders sold 76,174 shares of company stock valued at $14,981,909 in the last quarter. Corporate insiders own 0.89% of the company’s stock.
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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