Piedmont Investment Advisors LLC increased its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 1.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 244,356 shares of the healthcare conglomerate’s stock after buying an additional 2,620 shares during the period. UnitedHealth Group accounts for approximately 1.0% of Piedmont Investment Advisors LLC’s portfolio, making the stock its 20th biggest holding. Piedmont Investment Advisors LLC’s holdings in UnitedHealth Group were worth $47,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Regal Wealth Group Inc. boosted its stake in UnitedHealth Group by 0.4% during the second quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock worth $138,000 after acquiring an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in UnitedHealth Group by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,101 shares of the healthcare conglomerate’s stock worth $204,000 after acquiring an additional 4 shares in the last quarter. Highland Private Wealth Management boosted its stake in UnitedHealth Group by 0.4% during the second quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock worth $593,000 after acquiring an additional 13 shares in the last quarter. RNC Capital Management LLC boosted its stake in UnitedHealth Group by 0.7% during the second quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock worth $360,000 after acquiring an additional 13 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in UnitedHealth Group by 0.3% during the second quarter. Flagship Harbor Advisors LLC now owns 5,028 shares of the healthcare conglomerate’s stock worth $939,000 after acquiring an additional 15 shares in the last quarter. 86.24% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Inc (NYSE:UNH) opened at $216.46 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.58. UnitedHealth Group Inc has a twelve month low of $156.49 and a twelve month high of $250.79. The firm has a market cap of $209,760.00, a P/E ratio of 20.21, a PEG ratio of 1.31 and a beta of 0.70.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.09. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The firm had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.57 billion. During the same period in the previous year, the company earned $2.11 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. analysts anticipate that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.

In other news, Director Kenneth Irwin Shine sold 198 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $242.55, for a total transaction of $48,024.90. Following the completion of the transaction, the director now directly owns 1,790,567 shares of the company’s stock, valued at $434,302,025.85. The transaction was disclosed in a 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 business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $223.31, for a total transaction of $1,250,536.00. Following the transaction, the director now directly owns 61,137 shares of the company’s stock, valued at $13,652,503.47. The disclosure for this sale can be found here. Insiders have sold 53,853 shares of company stock valued at $12,358,508 over the last three months. 0.89% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on UNH shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $225.00 target price on shares of UnitedHealth Group in a research note on Monday, November 27th. Piper Jaffray Companies upped their target price on shares of UnitedHealth Group to $228.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and issued a $248.00 target price on shares of UnitedHealth Group in a research note on Friday, December 1st. Deutsche Bank upped their target price on shares of UnitedHealth Group to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Credit Suisse Group started coverage on shares of UnitedHealth Group in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $233.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $243.22.

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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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