Sei Investments Co. Buys 80,588 Shares of UnitedHealth Group Inc (UNH)
Sei Investments Co. boosted its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 705,959 shares of the healthcare conglomerate’s stock after purchasing an additional 80,588 shares during the period. UnitedHealth Group accounts for about 0.5% of Sei Investments Co.’s investment portfolio, making the stock its 26th biggest holding. Sei Investments Co.’s holdings in UnitedHealth Group were worth $138,262,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Chip Partners Inc. acquired a new position in UnitedHealth Group during the second quarter valued at approximately $110,000. Bruderman Asset Management LLC acquired a new stake in shares of UnitedHealth Group in the second quarter valued at approximately $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after buying an additional 520 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of UnitedHealth Group in the second quarter valued at approximately $121,000. Finally, Acrospire Investment Management LLC lifted its position in shares of UnitedHealth Group by 130.7% in the second quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock valued at $131,000 after buying an additional 400 shares during the last quarter. 86.01% of the stock is owned by hedge funds and other institutional investors.
In other UnitedHealth Group news, insider Thomas E. Roos sold 975 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total transaction of $200,333.25. Following the transaction, the insider now owns 24,630 shares in the company, valued at approximately $5,060,726.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Larry C. Renfro sold 22,598 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $221.75, for a total value of $5,011,106.50. Following the transaction, the chief executive officer now owns 195,314 shares in the company, valued at approximately $43,310,879.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,630 shares of company stock worth $7,669,416. 0.89% of the stock is owned by corporate insiders.
UnitedHealth Group Inc (NYSE UNH) opened at $225.88 on Wednesday. The firm has a market capitalization of $218,390.00, a P/E ratio of 25.67, a PEG ratio of 1.57 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70. UnitedHealth Group Inc has a 52 week low of $156.09 and a 52 week high of $231.77.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.17 earnings per share. research analysts expect that UnitedHealth Group Inc will post 9.99 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 34.09%.
A number of analysts have recently issued reports on UNH shares. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 price objective for the company in a research report on Thursday, September 21st. Citigroup raised their price objective on UnitedHealth Group from $213.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Leerink Swann reaffirmed a “buy” rating and issued a $240.00 price objective (up from $225.00) on shares of UnitedHealth Group in a research report on Wednesday, October 18th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $208.00 price objective on shares of UnitedHealth Group in a research report on Tuesday, October 17th. Finally, Jefferies Group raised their price objective on UnitedHealth Group from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $226.74.
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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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