Wright Investors Service Inc. decreased its position in UnitedHealth Group Inc (NYSE:UNH) by 2.6% in the second quarter, HoldingsChannel reports. The firm owned 22,085 shares of the healthcare conglomerate’s stock after selling 592 shares during the period. UnitedHealth Group accounts for about 2.1% of Wright Investors Service Inc.’s investment portfolio, making the stock its 12th biggest holding. Wright Investors Service Inc.’s holdings in UnitedHealth Group were worth $5,389,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UNH. Norges Bank acquired a new stake in shares of UnitedHealth Group during the 4th quarter valued at $2,343,175,000. Thoroughbred Financial Services LLC boosted its stake in shares of UnitedHealth Group by 25,321.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,922,872 shares of the healthcare conglomerate’s stock valued at $192,287,000 after buying an additional 1,915,308 shares during the period. Sanders Capital LLC boosted its stake in shares of UnitedHealth Group by 50.2% during the 2nd quarter. Sanders Capital LLC now owns 4,626,666 shares of the healthcare conglomerate’s stock valued at $1,255,689,000 after buying an additional 1,546,140 shares during the period. FMR LLC boosted its stake in shares of UnitedHealth Group by 1.9% during the 4th quarter. FMR LLC now owns 64,480,003 shares of the healthcare conglomerate’s stock valued at $16,063,258,000 after buying an additional 1,232,189 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of UnitedHealth Group by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 11,593,401 shares of the healthcare conglomerate’s stock valued at $2,882,988,000 after buying an additional 965,763 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on UNH. Raymond James raised their price target on shares of UnitedHealth Group from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 19th. Barclays cut their price target on shares of UnitedHealth Group from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Morgan Stanley raised their price target on shares of UnitedHealth Group from $285.00 to $298.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Cantor Fitzgerald set a $310.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Zacks Investment Research upgraded shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price target on the stock in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $295.06.

In related news, Director Richard T. Burke sold 10,000 shares of UnitedHealth Group stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $241.99, for a total value of $2,419,900.00. Following the transaction, the director now owns 187,663 shares in the company, valued at approximately $45,412,569.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Burke sold 5,000 shares of UnitedHealth Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $246.40, for a total transaction of $1,232,000.00. Following the completion of the transaction, the director now owns 187,979 shares in the company, valued at approximately $46,318,025.60. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock worth $9,195,620 in the last quarter. Insiders own 0.87% of the company’s stock.

Shares of UnitedHealth Group stock traded up $1.10 during midday trading on Thursday, reaching $244.30. 1,280,785 shares of the company’s stock traded hands, compared to its average volume of 3,513,135. The stock has a market capitalization of $230.48 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. The firm has a 50 day moving average of $251.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.67 and a current ratio of 0.67. UnitedHealth Group Inc has a 52 week low of $208.07 and a 52 week high of $287.94.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 EPS for the quarter, topping the consensus estimate of $3.46 by $0.14. The firm had revenue of $60.60 billion for the quarter, compared to the consensus estimate of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.14 EPS. As a group, research analysts expect that UnitedHealth Group Inc will post 14.82 EPS for the current year.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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

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