Chicago Partners Investment Group LLC raised its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 979 shares of the healthcare conglomerate’s stock after purchasing an additional 78 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in UnitedHealth Group were worth $240,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Cognios Capital LLC lifted its holdings in shares of UnitedHealth Group by 14.1% during the second quarter. Cognios Capital LLC now owns 4,873 shares of the healthcare conglomerate’s stock worth $1,195,000 after buying an additional 602 shares in the last quarter. FMR LLC lifted its holdings in shares of UnitedHealth Group by 5.1% during the second quarter. FMR LLC now owns 61,622,355 shares of the healthcare conglomerate’s stock worth $15,118,428,000 after buying an additional 2,981,233 shares in the last quarter. Employees Retirement System of Texas lifted its holdings in shares of UnitedHealth Group by 0.6% during the second quarter. Employees Retirement System of Texas now owns 292,600 shares of the healthcare conglomerate’s stock worth $71,786,000 after buying an additional 1,700 shares in the last quarter. Richard Bernstein Advisors LLC lifted its holdings in shares of UnitedHealth Group by 47.2% during the second quarter. Richard Bernstein Advisors LLC now owns 2,938 shares of the healthcare conglomerate’s stock worth $721,000 after buying an additional 942 shares in the last quarter. Finally, Merriman Wealth Management LLC acquired a new stake in shares of UnitedHealth Group during the second quarter worth $372,000. 85.28% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their target price on UnitedHealth Group to $310.00 and gave the stock an “outperform” rating in a report on Thursday, October 18th. Cantor Fitzgerald restated a “buy” rating and issued a $310.00 price target on shares of UnitedHealth Group in a research report on Wednesday, November 21st. Piper Jaffray Companies raised their price target on UnitedHealth Group to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 17th. Raymond James raised their price target on UnitedHealth Group from $304.00 to $310.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 17th. Finally, Royal Bank of Canada raised their price target on UnitedHealth Group to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $294.20.
UnitedHealth Group stock opened at $247.67 on Monday. UnitedHealth Group Inc has a 12-month low of $208.48 and a 12-month high of $287.94. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $234.39 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.30 by $0.11. UnitedHealth Group had a return on equity of 23.62% and a net margin of 5.71%. The firm had revenue of $56.56 billion for the quarter, compared to analysts’ expectations of $56.34 billion. During the same quarter in the previous year, the business posted $2.66 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts anticipate that UnitedHealth Group Inc will post 12.81 earnings per share for the current fiscal year.
In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 163 shares of UnitedHealth Group stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $274.83, for a total value of $44,797.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Burke sold 6,090 shares of UnitedHealth Group stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $281.72, for a total value of $1,715,674.80. Following the completion of the transaction, the director now owns 1,711,584 shares in the company, valued at approximately $482,187,444.48. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.
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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 care coverage, and 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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