Santa Barbara Asset Management LLC Has $197.82 Million Stake in UnitedHealth Group Inc (NYSE:UNH)

Santa Barbara Asset Management LLC trimmed its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,010,070 shares of the healthcare conglomerate’s stock after selling 1,433 shares during the quarter. UnitedHealth Group makes up approximately 3.2% of Santa Barbara Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Santa Barbara Asset Management LLC owned approximately 0.10% of UnitedHealth Group worth $197,822,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Beach Investment Management LLC. purchased a new position in shares of UnitedHealth Group during the 2nd quarter worth $556,000. Pictet Asset Management Ltd. lifted its stake in UnitedHealth Group by 2.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 839,299 shares of the healthcare conglomerate’s stock worth $147,029,000 after acquiring an additional 22,644 shares in the last quarter. Advisor Partners LLC lifted its stake in UnitedHealth Group by 11.7% during the 2nd quarter. Advisor Partners LLC now owns 25,070 shares of the healthcare conglomerate’s stock worth $4,649,000 after acquiring an additional 2,631 shares in the last quarter. Lakeview Capital Partners LLC lifted its stake in UnitedHealth Group by 2.1% during the 2nd quarter. Lakeview Capital Partners LLC now owns 4,151 shares of the healthcare conglomerate’s stock worth $770,000 after acquiring an additional 84 shares in the last quarter. Finally, Seven Bridges Advisors LLC lifted its stake in UnitedHealth Group by 69.7% during the 2nd quarter. Seven Bridges Advisors LLC now owns 2,532 shares of the healthcare conglomerate’s stock worth $469,000 after acquiring an additional 1,040 shares in the last quarter. 86.24% of the stock is owned by institutional investors and hedge funds.

UnitedHealth Group Inc (NYSE UNH) traded up $4.50 during trading hours on Friday, reaching $220.96. The company had a trading volume of 6,208,110 shares, compared to its average volume of 4,150,000. The stock has a market cap of $214,130.00, a P/E ratio of 20.63, a PEG ratio of 1.29 and a beta of 0.70. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.58. UnitedHealth Group Inc has a 12-month low of $156.49 and a 12-month high of $250.79.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The firm had revenue of $52.06 billion for the quarter, compared to the consensus estimate of $51.57 billion. During the same quarter last year, the business posted $2.11 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. equities research analysts predict that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.

In other UnitedHealth Group news, Director Michele J. Hooper sold 5,000 shares of UnitedHealth Group stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $222.20, for a total value of $1,111,000.00. Following the transaction, the director now directly owns 36,989 shares in the company, valued at approximately $8,218,955.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth Irwin Shine sold 457 shares of UnitedHealth Group 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 disclosure for this sale can be found here. Insiders sold a total of 53,853 shares of company stock worth $12,358,508 over the last quarter. Company insiders own 0.89% of the company’s stock.

Several equities analysts recently issued reports on UNH shares. BMO Capital Markets initiated 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. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $208.00 price target on shares of UnitedHealth Group in a research report on Tuesday, October 17th. Piper Jaffray Companies increased their price target on UnitedHealth Group to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, October 17th. Leerink Swann reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $225.00) on shares of UnitedHealth Group in a research report on Wednesday, October 18th. Finally, Morgan Stanley increased their price target on UnitedHealth Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $243.22.

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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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