AE Wealth Management LLC grew its position in UnitedHealth Group Inc (NYSE:UNH) by 59.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,658 shares of the healthcare conglomerate’s stock after buying an additional 3,237 shares during the period. AE Wealth Management LLC’s holdings in UnitedHealth Group were worth $1,909,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. RNC Capital Management LLC grew its stake in shares of UnitedHealth Group by 0.7% in the second quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock worth $360,000 after acquiring an additional 13 shares during the period. Highland Private Wealth Management grew its stake in shares of UnitedHealth Group by 0.4% in the second quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock worth $593,000 after acquiring an additional 13 shares during the period. TCI Wealth Advisors Inc. grew its stake in shares of UnitedHealth Group by 1.5% in the second quarter. TCI Wealth Advisors Inc. now owns 1,609 shares of the healthcare conglomerate’s stock worth $298,000 after acquiring an additional 23 shares during the period. Carret Asset Management LLC grew its stake in shares of UnitedHealth Group by 1.2% in the second quarter. Carret Asset Management LLC now owns 3,974 shares of the healthcare conglomerate’s stock worth $737,000 after acquiring an additional 48 shares during the period. Finally, Peapack Gladstone Financial Corp grew its stake in shares of UnitedHealth Group by 3.3% in the second quarter. Peapack Gladstone Financial Corp now owns 3,524 shares of the healthcare conglomerate’s stock worth $653,000 after acquiring an additional 111 shares during the period. 86.78% of the stock is owned by institutional investors and hedge funds.
In other UnitedHealth Group news, insider Larry C. Renfro sold 22,184 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $228.94, for a total value of $5,078,804.96. Following the completion of the transaction, the insider now directly owns 173,229 shares in the company, valued at $39,659,047.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard T. Burke sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $224.36, for a total transaction of $2,243,600.00. Following the completion of the transaction, the director now owns 1,771,257 shares of the company’s stock, valued at $397,399,220.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,015 shares of company stock valued at $17,879,199. Company insiders own 0.89% of the company’s stock.
UnitedHealth Group stock opened at $222.82 on Thursday. The firm has a market cap of $217,772.55, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. UnitedHealth Group Inc has a 12-month low of $162.74 and a 12-month high of $250.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.73 and a quick ratio of 0.73.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.09. The business had revenue of $52.06 billion during the quarter, compared to analyst estimates of $51.57 billion. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. sell-side analysts anticipate that UnitedHealth Group Inc will post 12.51 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. UnitedHealth Group’s payout ratio is currently 28.01%.
A number of brokerages have recently commented on UNH. Deutsche Bank lifted their price target on shares of UnitedHealth Group to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $254.00 price target for the company in a research note on Wednesday. Wells Fargo reiterated an “outperform” rating and issued a $245.00 price target (up from $230.00) on shares of UnitedHealth Group in a research note on Wednesday, November 29th. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, December 1st. Finally, Jefferies Group reiterated a “buy” rating and issued a $248.00 price target on shares of UnitedHealth Group in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $244.62.
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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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