Parkside Financial Bank & Trust boosted its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 111.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,802 shares of the healthcare conglomerate’s stock after purchasing an additional 948 shares during the quarter. Parkside Financial Bank & Trust’s holdings in UnitedHealth Group were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Jackson Grant Investment Advisers Inc. increased its holdings in UnitedHealth Group by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,097 shares of the healthcare conglomerate’s stock worth $180,000 after purchasing an additional 4 shares in the last quarter. RB Capital Management LLC increased its holdings in UnitedHealth Group by 0.4% in the second quarter. RB Capital Management LLC now owns 1,732 shares of the healthcare conglomerate’s stock worth $321,000 after purchasing an additional 7 shares in the last quarter. Altfest L J & Co. Inc. increased its holdings in UnitedHealth Group by 0.3% in the second quarter. Altfest L J & Co. Inc. now owns 2,963 shares of the healthcare conglomerate’s stock worth $549,000 after purchasing an additional 10 shares in the last quarter. Harwood Advisory Group LLC increased its holdings in UnitedHealth Group by 0.8% in the first quarter. Harwood Advisory Group LLC now owns 1,885 shares of the healthcare conglomerate’s stock worth $309,000 after purchasing an additional 15 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. increased its holdings in UnitedHealth Group by 0.8% in the first quarter. Budros Ruhlin & Roe Inc. now owns 1,832 shares of the healthcare conglomerate’s stock worth $301,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.

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UnitedHealth Group Incorporated (NYSE UNH) opened at 198.18 on Friday. The stock has a market cap of $191.61 billion, a PE ratio of 23.81 and a beta of 0.63. The firm has a 50-day moving average price of $195.28 and a 200 day moving average price of $180.64. UnitedHealth Group Incorporated has a 52-week low of $133.03 and a 52-week high of $200.76.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.08. The business had revenue of $50.05 billion during the quarter, compared to analyst estimates of $49.97 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. On average, analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 7th. UnitedHealth Group’s payout ratio is 35.13%.

UNH has been the subject of several recent research reports. ValuEngine upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cantor Fitzgerald restated a “buy” rating on shares of UnitedHealth Group in a report on Tuesday, August 29th. UBS AG restated an “overweight” rating on shares of UnitedHealth Group in a report on Thursday, August 24th. Jefferies Group LLC restated a “buy” rating and set a $215.00 price objective on shares of UnitedHealth Group in a report on Friday, August 18th. Finally, Morgan Stanley boosted their price objective on UnitedHealth Group from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $203.41.

In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction on Monday, August 21st. The stock was sold at an average price of $191.71, for a total value of $2,875,650.00. Following the completion of the sale, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction on Tuesday, September 5th. The stock was 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 directly owns 60,834 shares of the company’s stock, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. In the last three months, insiders sold 25,600 shares of company stock valued at $4,962,694. Corporate 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.

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

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