UnitedHealth Group Inc (NYSE:UNH) Shares Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC raised its holdings in UnitedHealth Group Inc (NYSE:UNH) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,872 shares of the healthcare conglomerate’s stock after acquiring an additional 250 shares during the period. Ingalls & Snyder LLC’s holdings in UnitedHealth Group were worth $1,138,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Calamos Wealth Management LLC raised its holdings in UnitedHealth Group by 0.3% in the 4th quarter. Calamos Wealth Management LLC now owns 42,410 shares of the healthcare conglomerate’s stock valued at $12,468,000 after acquiring an additional 113 shares during the last quarter. Capital City Trust Co. FL raised its holdings in UnitedHealth Group by 1.1% in the 4th quarter. Capital City Trust Co. FL now owns 3,557 shares of the healthcare conglomerate’s stock valued at $1,046,000 after acquiring an additional 38 shares during the last quarter. KCS Wealth Advisory raised its holdings in UnitedHealth Group by 1.0% in the 4th quarter. KCS Wealth Advisory now owns 5,147 shares of the healthcare conglomerate’s stock valued at $1,513,000 after acquiring an additional 51 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its holdings in UnitedHealth Group by 2.5% in the 4th quarter. Honkamp Krueger Financial Services Inc. now owns 4,335 shares of the healthcare conglomerate’s stock valued at $1,274,000 after acquiring an additional 106 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC raised its holdings in UnitedHealth Group by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 69,114 shares of the healthcare conglomerate’s stock valued at $20,318,000 after acquiring an additional 592 shares during the last quarter. Institutional investors own 85.44% of the company’s stock.

NYSE:UNH opened at $296.41 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $279.61 billion, a P/E ratio of 23.01, a PEG ratio of 1.41 and a beta of 0.65. The company has a 50 day moving average price of $288.46 and a 200 day moving average price of $255.03. UnitedHealth Group Inc has a fifty-two week low of $208.07 and a fifty-two week high of $300.00.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Wednesday, January 15th. The healthcare conglomerate reported $3.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.77 by $0.13. The firm had revenue of $60.90 billion during the quarter, compared to analysts’ expectations of $61.17 billion. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $3.28 EPS. Research analysts forecast that UnitedHealth Group Inc will post 14.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were given a dividend of $1.08 per share. The ex-dividend date was Friday, December 6th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.46%. UnitedHealth Group’s payout ratio is currently 33.54%.

In related news, EVP D Ellen Wilson sold 7,400 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $272.77, for a total transaction of $2,018,498.00. Also, CAO Thomas E. Roos sold 1,177 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $255.04, for a total transaction of $300,182.08. Following the transaction, the chief accounting officer now directly owns 21,687 shares of the company’s stock, valued at approximately $5,531,052.48. The disclosure for this sale can be found here. Company insiders own 0.82% of the company’s stock.

UNH has been the subject of several analyst reports. Cantor Fitzgerald increased their price target on shares of UnitedHealth Group from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Co reissued an “overweight” rating and issued a $335.00 price target (up previously from $318.00) on shares of UnitedHealth Group in a research note on Wednesday, December 11th. Raymond James increased their price target on shares of UnitedHealth Group from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. increased their price target on shares of UnitedHealth Group from $276.00 to $361.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, Mizuho reissued a “buy” rating and issued a $300.00 price target (up previously from $270.00) on shares of UnitedHealth Group in a research note on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. UnitedHealth Group presently has a consensus rating of “Buy” and an average price target of $307.55.

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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