Patriot Wealth Management Inc. boosted its position in UnitedHealth Group Incorporated (NYSE:UNH) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 53,346 shares of the healthcare conglomerate’s stock after buying an additional 1,881 shares during the period. UnitedHealth Group comprises 1.7% of Patriot Wealth Management Inc.’s portfolio, making the stock its 10th largest position. Patriot Wealth Management Inc.’s holdings in UnitedHealth Group were worth $9,891,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in UNH. Jackson Grant Investment Advisers Inc. increased its stake in shares of UnitedHealth Group by 0.4% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,093 shares of the healthcare conglomerate’s stock worth $175,000 after buying an additional 4 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of UnitedHealth Group by 12.3% in the fourth quarter. Perigon Wealth Management LLC now owns 1,306 shares of the healthcare conglomerate’s stock worth $220,000 after buying an additional 143 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of UnitedHealth Group during the fourth quarter worth about $20,953,000. Teachers Advisors LLC increased its stake in shares of UnitedHealth Group by 56.8% in the fourth quarter. Teachers Advisors LLC now owns 1,929,490 shares of the healthcare conglomerate’s stock worth $308,796,000 after buying an additional 698,955 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of UnitedHealth Group during the fourth quarter worth about $11,054,000. Institutional investors and hedge funds own 86.37% of the company’s stock.

Shares of UnitedHealth Group Incorporated (NYSE UNH) traded up 0.09% during midday trading on Wednesday, hitting $195.08. 980,038 shares of the stock were exchanged. The firm has a market cap of $192.15 billion, a P/E ratio of 23.44 and a beta of 0.64. The firm has a 50 day moving average of $186.80 and a 200 day moving average of $173.05. UnitedHealth Group Incorporated has a 12-month low of $132.39 and a 12-month high of $195.36.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.08. The business 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 business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities analysts forecast that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.

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UNH has been the subject of a number of recent analyst reports. Mizuho raised their price target on shares of UnitedHealth Group from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Stifel Nicolaus restated a “buy” rating and set a $185.00 price target on shares of UnitedHealth Group in a report on Wednesday, April 19th. Evercore ISI restated an “outperform” rating and set a $185.00 price target on shares of UnitedHealth Group in a report on Wednesday, April 19th. Credit Suisse Group raised their price target on shares of UnitedHealth Group from $185.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. Finally, Deutsche Bank AG restated a “buy” rating and set a $187.00 price target (up previously from $183.00) on shares of UnitedHealth Group in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. UnitedHealth Group has an average rating of “Buy” and an average target price of $200.24.

In other news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the completion of the transaction, the director now directly owns 76,058 shares in the company, valued at $14,753,730.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gail R. Wilensky sold 5,540 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $178.74, for a total transaction of $990,219.60. Following the completion of the transaction, the director now owns 60,516 shares of the company’s stock, valued at $10,816,629.84. The disclosure for this sale can be found here. Insiders sold 15,540 shares of company stock valued at $2,873,320 over the last 90 days. 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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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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