UnitedHealth Group Incorporated (UNH) Shares Sold by Choate Investment Advisors
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%.
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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.
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