Swedbank Sells 161,031 Shares of UnitedHealth Group Inc (NYSE:UNH)

Swedbank decreased its holdings in UnitedHealth Group Inc (NYSE:UNH) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,146,629 shares of the healthcare conglomerate’s stock after selling 161,031 shares during the period. UnitedHealth Group accounts for about 2.6% of Swedbank’s portfolio, making the stock its 11th biggest holding. Swedbank owned approximately 0.22% of UnitedHealth Group worth $420,417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNH. Regal Wealth Group Inc. boosted its stake in UnitedHealth Group by 0.4% during the second quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock valued at $138,000 after buying an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in UnitedHealth Group by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,101 shares of the healthcare conglomerate’s stock valued at $204,000 after buying an additional 4 shares during the last quarter. RB Capital Management LLC boosted its stake in UnitedHealth Group by 0.4% during the second quarter. RB Capital Management LLC now owns 1,732 shares of the healthcare conglomerate’s stock valued at $321,000 after buying an additional 7 shares during the last quarter. Highland Private Wealth Management boosted its stake in UnitedHealth Group by 0.4% during the second quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock valued at $593,000 after buying an additional 13 shares during the last quarter. Finally, RNC Capital Management LLC boosted its stake in UnitedHealth Group by 0.7% during the second quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock valued at $360,000 after buying an additional 13 shares during the last quarter. 86.01% of the stock is owned by hedge funds and other institutional investors.

Shares of UnitedHealth Group Inc (UNH) traded up $3.25 during trading hours on Friday, reaching $228.64. The company had a trading volume of 3,914,500 shares, compared to its average volume of 2,940,000. UnitedHealth Group Inc has a 52 week low of $156.09 and a 52 week high of $231.77. The company has a market capitalization of $221,060.00, a PE ratio of 25.98, a P/E/G ratio of 1.57 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $50.38 billion. During the same quarter in the prior year, the firm earned $2.17 earnings per share. UnitedHealth Group’s revenue was up 8.7% compared to the same quarter last year. sell-side analysts anticipate that UnitedHealth Group Inc will post 9.99 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Evercore ISI reissued an “outperform” rating and set a $255.00 price target (up from $235.00) on shares of UnitedHealth Group in a research note on Friday. Goldman Sachs Group assumed coverage on UnitedHealth Group in a research note on Wednesday, January 3rd. They set a “buy” rating and a $269.00 price target for the company. Credit Suisse Group reissued a “buy” rating on shares of UnitedHealth Group in a research note on Wednesday, December 27th. Cantor Fitzgerald restated a “buy” rating and set a $235.00 price objective on shares of UnitedHealth Group in a research report on Monday, December 25th. Finally, ValuEngine downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $229.54.

In other UnitedHealth Group news, CEO Larry C. Renfro sold 22,598 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the sale, the chief executive officer now owns 195,314 shares of the company’s stock, valued at approximately $43,310,879.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Roos sold 975 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $205.47, for a total value of $200,333.25. Following the sale, the insider now directly owns 24,630 shares in the company, valued at approximately $5,060,726.10. The disclosure for this sale can be found here. In the last three months, insiders sold 34,630 shares of company stock worth $7,669,416. 0.89% of the stock is owned by insiders.

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UnitedHealth Group 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.

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

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