UnitedHealth Group Incorporated (UNH) Shares Bought by People s United Financial Inc.

People s United Financial Inc. lifted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,900 shares of the healthcare conglomerate’s stock after purchasing an additional 629 shares during the quarter. People s United Financial Inc.’s holdings in UnitedHealth Group were worth $18,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC lifted its stake in UnitedHealth Group by 18,383.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,516,706 shares of the healthcare conglomerate’s stock worth $13,573,000 after acquiring an additional 2,503,090 shares in the last quarter. Vanguard Group Inc. lifted its stake in UnitedHealth Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock worth $11,974,168,000 after acquiring an additional 1,588,516 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in UnitedHealth Group by 77.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,584,134 shares of the healthcare conglomerate’s stock worth $664,570,000 after acquiring an additional 1,562,661 shares in the last quarter. Jennison Associates LLC lifted its stake in UnitedHealth Group by 180.4% during the 2nd quarter. Jennison Associates LLC now owns 2,252,507 shares of the healthcare conglomerate’s stock worth $417,660,000 after acquiring an additional 1,449,130 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in UnitedHealth Group by 346.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,690,187 shares of the healthcare conglomerate’s stock worth $313,394,000 after acquiring an additional 1,311,773 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.

UnitedHealth Group Incorporated (UNH) traded down $1.33 during mid-day trading on Wednesday, reaching $220.09. The company’s stock had a trading volume of 3,246,300 shares, compared to its average volume of 3,119,193. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52. The firm has a market cap of $214,570.92, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.64 and a beta of 0.66. UnitedHealth Group Incorporated has a 52 week low of $156.09 and a 52 week high of $231.77.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The company had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter last year, the company earned $2.17 EPS. UnitedHealth Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts anticipate 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. Stockholders of record on Friday, December 1st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, November 30th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.26%.

In other news, insider Larry C. Renfro sold 50,574 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 195,625 shares of the company’s stock, valued at approximately $38,755,268.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth Irwin Shine sold 457 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The disclosure for this sale can be found here. Insiders have sold a total of 57,606 shares of company stock worth $11,566,525 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Several equities analysts recently issued reports on the company. Wells Fargo & Company reissued an “outperform” rating and set a $245.00 target price (up previously from $230.00) on shares of UnitedHealth Group in a research note on Wednesday, November 29th. Raymond James Financial reissued a “buy” rating on shares of UnitedHealth Group in a research note on Wednesday. Leerink Swann reissued an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, December 1st. Cowen reissued an “outperform” rating and set a $220.00 target price (up previously from $175.00) on shares of UnitedHealth Group in a research note on Friday, August 11th. Finally, BMO Capital Markets assumed coverage on UnitedHealth Group in a research note on Monday, October 16th. They set an “outperform” rating and a $250.00 target price on the stock. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. UnitedHealth Group presently has a consensus rating of “Buy” and a consensus target price of $224.56.

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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)

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