Wishbone Management LP reduced its position in shares of UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,000 shares of the healthcare conglomerate’s stock after selling 40,000 shares during the period. UnitedHealth Group accounts for about 14.8% of Wishbone Management LP’s portfolio, making the stock its 2nd largest holding. Wishbone Management LP’s holdings in UnitedHealth Group were worth $ 108,964,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Outfitter Financial LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at approximately $ 25,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of UnitedHealth Group during the 4th quarter worth approximately $ 29,000. Tortoise Investment Management LLC increased its holdings in shares of UnitedHealth Group by 54.8% during the 4th quarter. Tortoise Investment Management LLC now owns 65 shares of the healthcare conglomerate’s stock worth $ 33,000 after buying an additional 23 shares during the last quarter. Leverty Financial Group LLC acquired a new stake in shares of UnitedHealth Group during the 4th quarter worth approximately $ 34,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in shares of UnitedHealth Group by 55.6% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 70 shares of the healthcare conglomerate’s stock worth $ 35,000 after buying an additional 25 shares during the last quarter. Institutional investors own 87.48% of the company stock.
In other news, Director Richard T. Burke sold 3,000 shares of the company stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of $ 508.80, for a total value of $ 1,526,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick William Mcnabb III purchased 89 shares of the company stock in a transaction dated Thursday, May 26th. The shares were purchased at an average price of $ 504.32 per share, for a total transaction of $ 44,884.48. Following the completion of the purchase, the director now owns 11,259 shares of the company stock, valued at $ 5,678,138.88. The disclosure for this purchase can be found here. Over the last three months, insiders sold 12,000 shares of company stock valued at $ 6,001,485. 0.40% of the stock is owned by corporate insiders.
UnitedHealth Group stock opened at $ 464.33 on Thursday. The stock has a market cap of $ 435.62 billion, a P / E ratio of 25.41, a price-to-earnings-growth ratio of 1.51 and a beta of 0.83. The company has a fifty day simple moving average of $ 503.77 and a 200-day simple moving average of $ 490.21. UnitedHealth Group Incorporated has a 12-month low of $ 383.12 and a 12-month high of $ 553.29. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.54.
UnitedHealth Group (NYSE: UNH – Get Rating) last announced its quarterly earnings results on Thursday, April 14th. The healthcare conglomerate reported $ 5.49 earnings per share for the quarter, beating analysts’ consensus estimates of $ 5.40 by $ 0.09. UnitedHealth Group had a net margin of 5.86% and a return on equity of 24.74%. The firm had revenue of $ 80.15 billion during the quarter, compared to analysts’ expectations of $ 78.77 billion. During the same period in the previous year, the company earned $ 5.31 earnings per share. UnitedHealth Group’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts forecast that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be given a $ 1.65 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This is a boost from UnitedHealth Group’s previous quarterly dividend of $ 1.45. This represents a $ 6.60 dividend on an annualized basis and a yield of 1.42%. UnitedHealth Group’s payout ratio is 31.75%.
UNH has been the subject of several research reports. Cowen lifted their target price on shares of UnitedHealth Group from $ 512.00 to $ 596.00 in a report on Monday, April 18th. Cowen lifted their target price on shares of UnitedHealth Group from $ 512.00 to $ 596.00 in a report on Monday, April 18th. Credit Suisse Group lifted their target price on shares of UnitedHealth Group from $ 564.00 to $ 595.00 and gave the company an “outperform” rating in a report on Monday, April 18th. BMO Capital Markets lifted their target price on shares of UnitedHealth Group from $ 510.00 to $ 600.00 and gave the company a “market perform” rating in a report on Tuesday, April 19th. Finally, StockNews.com assumed coverage on shares of UnitedHealth Group in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, UnitedHealth Group has a consensus rating of “Buy” and a consensus price target of $ 554.81.
UnitedHealth Group Profile: (Get Rating)
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 care coverage 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; Medicaid plans, children’s health insurance and health care programs; health and dental benefits; and hospital and clinical services.
Featured Articles:
Receive News & Ratings for UnitedHealth Group Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for UnitedHealth Group and related companies with MarketBeat.com’s FREE daily email newsletter.
.