UnitedHealth Group Incorporated (UNH) Shares Bought by Capital One National Association
Capital One National Association increased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,508 shares of the healthcare conglomerate’s stock after purchasing an additional 774 shares during the quarter. Capital One National Association’s holdings in UnitedHealth Group were worth $1,948,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in UNH. Waldron LP grew its position in shares of UnitedHealth Group by 153.1% during the first quarter. Waldron LP now owns 5,765 shares of the healthcare conglomerate’s stock worth $944,000 after purchasing an additional 3,487 shares in the last quarter. Personal Capital Advisors Corp purchased a new stake in shares of UnitedHealth Group during the first quarter worth about $16,995,000. BTIM Corp. grew its position in shares of UnitedHealth Group by 1.1% during the first quarter. BTIM Corp. now owns 306,361 shares of the healthcare conglomerate’s stock worth $50,247,000 after purchasing an additional 3,225 shares in the last quarter. First Manhattan Co. grew its position in shares of UnitedHealth Group by 5.6% during the first quarter. First Manhattan Co. now owns 318,391 shares of the healthcare conglomerate’s stock worth $44,574,000 after purchasing an additional 16,883 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of UnitedHealth Group by 98.4% during the first quarter. Sigma Planning Corp now owns 16,257 shares of the healthcare conglomerate’s stock worth $2,666,000 after purchasing an additional 8,063 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.
In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction of $969,900.00. Following the transaction, the director now directly owns 76,058 shares in the company, valued at $14,753,730.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of the company’s 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 transaction, the director now owns 60,834 shares in the company, valued at $12,135,774.66. The disclosure for this sale can be found here. Insiders have sold 25,600 shares of company stock worth $4,962,694 over the last 90 days. 0.89% of the stock is owned by insiders.
Shares of UnitedHealth Group Incorporated (UNH) traded up 0.03% during midday trading on Monday, hitting $198.24. The stock had a trading volume of 787,088 shares. The firm has a market cap of $191.67 billion, a price-to-earnings ratio of 23.82 and a beta of 0.63. The firm’s 50 day moving average price is $195.28 and its 200 day moving average price is $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 released its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.08. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The firm had revenue of $50.05 billion for the quarter, compared to analysts’ expectations of $49.97 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 7th. UnitedHealth Group’s dividend payout ratio (DPR) is 35.13%.
Several research firms recently issued reports on UNH. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 target price for the company in a research report on Wednesday, June 7th. Barclays PLC increased their target price on UnitedHealth Group from $200.00 to $217.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 19th. Cowen and Company reiterated a “buy” rating on shares of UnitedHealth Group in a research report on Friday, July 14th. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a research report on Friday, June 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $215.00 target price on shares of UnitedHealth Group in a research report on Friday, August 18th. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $203.41.
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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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