Nwam LLC reduced its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,451 shares of the healthcare conglomerate’s stock after selling 232 shares during the quarter. Nwam LLC’s holdings in UnitedHealth Group were worth $454,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its position in UnitedHealth Group by 1,722.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after acquiring an additional 603 shares during the last quarter. Kings Point Capital Management raised its stake in shares of UnitedHealth Group by 27.9% during the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after purchasing an additional 150 shares in the last quarter. Founders Capital Management bought a new stake in shares of UnitedHealth Group during the 1st quarter worth approximately $135,000. Parkside Financial Bank & Trust raised its stake in shares of UnitedHealth Group by 1.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after purchasing an additional 12 shares in the last quarter. Finally, Hanson McClain Inc. raised its stake in shares of UnitedHealth Group by 1.7% during the 1st quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock worth $147,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 86.19% of the company’s stock.

Shares of UnitedHealth Group Incorporated (UNH) opened at 193.03 on Friday. The stock has a market capitalization of $186.63 billion, a P/E ratio of 23.19 and a beta of 0.63. The firm’s 50-day moving average price is $195.56 and its 200 day moving average price is $181.26. UnitedHealth Group Incorporated has a 52 week low of $133.03 and a 52 week high of $200.76.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.08. The company 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%. UnitedHealth Group’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Analysts expect that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, September 7th. UnitedHealth Group’s payout ratio is presently 35.13%.

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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 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 of the company’s stock, valued at $14,753,730.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard T. Burke sold 15,000 shares of the company’s 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 transaction, the director now directly owns 1,818,898 shares in the company, valued at $348,700,935.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,174 shares of company stock worth $14,981,909. Insiders own 0.89% of the company’s stock.

A number of equities research analysts recently weighed in on UNH shares. Stifel Nicolaus restated a “buy” rating and issued a $185.00 price target on shares of UnitedHealth Group in a research note on Wednesday, June 28th. BidaskClub upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 price objective on the stock in a research report on Wednesday, June 7th. Vetr raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $186.50 target price on the stock in a report on Tuesday, May 30th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $205.00 target price on shares of UnitedHealth Group in a report on Friday, July 7th. One equities research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. UnitedHealth Group currently has a consensus rating of “Buy” and a consensus price target of $203.59.

About UnitedHealth Group

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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