Alpha Cubed Investments LLC boosted its position in UnitedHealth Group Incorporated (NYSE:UNH) by 177.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,431 shares of the healthcare conglomerate’s stock after purchasing an additional 9,233 shares during the period. Alpha Cubed Investments LLC’s holdings in UnitedHealth Group were worth $2,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its position in UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after purchasing an additional 603 shares during the period. Kings Point Capital Management lifted its position in UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after purchasing an additional 150 shares during the period. Founders Capital Management acquired a new stake in UnitedHealth Group in the first quarter valued at about $135,000. Parkside Financial Bank & Trust lifted its position in UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after purchasing an additional 12 shares during the period. Finally, Hanson McClain Inc. lifted its position in UnitedHealth Group by 1.7% in the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 86.21% of the company’s stock.

In related news, Director Gail R. Wilensky sold 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total value of $1,117,144.00. Following the completion of the sale, the director now owns 60,834 shares in the company, valued at approximately $12,135,774.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total transaction of $969,900.00. Following the completion of the sale, the director now owns 76,058 shares of the company’s stock, valued at approximately $14,753,730.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,600 shares of company stock valued at $4,962,694. 0.89% of the stock is owned by insiders.

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A number of equities research analysts have recently issued reports on the stock. Cowen and Company reiterated an “outperform” rating and set a $220.00 price target (up from $175.00) on shares of UnitedHealth Group in a research report on Friday, August 11th. Morgan Stanley lifted their price target on shares of UnitedHealth Group from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. Jefferies Group LLC reiterated a “buy” rating and set a $215.00 price target on shares of UnitedHealth Group in a research report on Friday, August 18th. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a research report on Friday, June 9th. Finally, BidaskClub upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $203.41.

Shares of UnitedHealth Group Incorporated (NYSE:UNH) opened at 198.18 on Friday. The firm has a 50-day moving average of $195.28 and a 200 day moving average of $180.64. UnitedHealth Group Incorporated has a 1-year low of $133.03 and a 1-year high of $200.76. The stock has a market capitalization of $191.61 billion, a PE ratio of 23.81 and a beta of 0.63.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. On average, equities analysts anticipate that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be given a $0.75 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.13%.

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.

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

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