Choate Investment Advisors trimmed its position in UnitedHealth Group Incorporated (NYSE:UNH) by 13.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,919 shares of the healthcare conglomerate’s stock after selling 305 shares during the quarter. Choate Investment Advisors’ holdings in UnitedHealth Group were worth $356,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Chip Partners Inc. acquired a new stake in UnitedHealth Group during the second quarter worth about $110,000. Bruderman Asset Management LLC acquired a new stake in UnitedHealth Group during the second quarter worth about $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in UnitedHealth Group by 433.3% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after acquiring an additional 520 shares during the period. BDO Wealth Advisors LLC acquired a new stake in UnitedHealth Group during the second quarter worth about $121,000. Finally, Kings Point Capital Management grew its holdings in UnitedHealth Group by 27.9% during the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 85.71% of the company’s stock.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 457 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Larry C. Renfro sold 50,574 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $198.11, for a total value of $10,019,215.14. Following the completion of the sale, the insider now directly owns 195,625 shares in the company, valued at $38,755,268.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,606 shares of company stock worth $11,433,133. 0.89% of the stock is owned by corporate insiders.

Shares of UnitedHealth Group Incorporated (NYSE:UNH) opened at $211.22 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70. UnitedHealth Group Incorporated has a 1-year low of $150.00 and a 1-year high of $213.93. The company has a market capitalization of $204,686.44, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.57 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the consensus estimate of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The company had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same period last year, the company earned $2.17 earnings per share. UnitedHealth Group’s quarterly revenue was up 8.7% compared to the same quarter last year. equities research analysts anticipate that UnitedHealth Group Incorporated will post 9.99 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, November 30th. UnitedHealth Group’s payout ratio is currently 33.26%.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/11/24/unitedhealth-group-incorporated-unh-shares-sold-by-choate-investment-advisors.html.

Several analysts recently commented on the company. Leerink Swann reaffirmed a “buy” rating and set a $240.00 target price (up from $225.00) on shares of UnitedHealth Group in a report on Wednesday, October 18th. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 target price on the stock in a report on Thursday, September 21st. Cantor Fitzgerald raised their target price on UnitedHealth Group to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Oppenheimer Holdings, Inc. raised their target price on UnitedHealth Group from $215.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $219.00 target price (up from $210.00) on shares of UnitedHealth Group in a report on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. UnitedHealth Group presently has a consensus rating of “Buy” and an average target price of $216.65.

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.

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Incorporated (NYSE:UNH).

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

Receive News & Ratings for UnitedHealth Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.