Symmetry Partners LLC cut its stake in UnitedHealth Group Inc (NYSE:UNH) by 54.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,347 shares of the healthcare conglomerate’s stock after selling 2,780 shares during the period. Symmetry Partners LLC’s holdings in UnitedHealth Group were worth $510,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of UNH. Selective Wealth Management Inc. bought a new position in UnitedHealth Group during the 3rd quarter valued at about $27,000. North Star Investment Management Corp. bought a new position in UnitedHealth Group in the 3rd quarter worth about $30,000. Delta Asset Management LLC TN grew its stake in UnitedHealth Group by 111.0% in the 3rd quarter. Delta Asset Management LLC TN now owns 154 shares of the healthcare conglomerate’s stock worth $33,000 after acquiring an additional 81 shares in the last quarter. Fusion Family Wealth LLC grew its stake in UnitedHealth Group by 329.7% in the 3rd quarter. Fusion Family Wealth LLC now owns 159 shares of the healthcare conglomerate’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC grew its stake in UnitedHealth Group by 212.5% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 175 shares of the healthcare conglomerate’s stock worth $38,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.
A number of equities analysts have commented on UNH shares. UBS Group dropped their target price on shares of UnitedHealth Group from $281.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada set a $311.00 target price on shares of UnitedHealth Group and gave the stock a “buy” rating in a research note on Friday, July 19th. Raymond James upped their target price on shares of UnitedHealth Group from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. BMO Capital Markets downgraded shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $292.00 to $249.00 in a research note on Monday, September 30th. Finally, Morgan Stanley dropped their target price on shares of UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating on the stock in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. UnitedHealth Group has a consensus rating of “Buy” and a consensus target price of $283.84.
In other UnitedHealth Group news, Director Richard T. Burke sold 2,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $231.50, for a total transaction of $463,000.00. Following the sale, the director now owns 187,979 shares in the company, valued at $43,517,138.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Burke sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $236.56, for a total value of $5,914,000.00. Following the sale, the director now owns 163,331 shares in the company, valued at approximately $38,637,581.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,000 shares of company stock worth $7,542,400. Company insiders own 0.87% of the company’s stock.
Shares of UNH traded up $0.44 during mid-day trading on Friday, reaching $256.90. The company’s stock had a trading volume of 1,681,922 shares, compared to its average volume of 4,698,035. UnitedHealth Group Inc has a 1-year low of $208.07 and a 1-year high of $287.94. The stock has a market cap of $237.20 billion, a P/E ratio of 19.95, a PEG ratio of 1.33 and a beta of 0.61. The business has a 50-day simple moving average of $234.29 and a two-hundred day simple moving average of $240.87. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.67.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.75 by $0.13. The business had revenue of $60.35 billion during the quarter, compared to analysts’ expectations of $59.84 billion. UnitedHealth Group had a return on equity of 25.30% and a net margin of 5.57%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $3.41 EPS. Research analysts anticipate that UnitedHealth Group Inc will post 14.96 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 1.68%. UnitedHealth Group’s dividend payout ratio is currently 33.54%.
UnitedHealth Group Company Profile
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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