AGF Investments Inc. Raises Position in UnitedHealth Group Inc (UNH)

AGF Investments Inc. boosted its stake in UnitedHealth Group Inc (NYSE:UNH) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,233 shares of the healthcare conglomerate’s stock after purchasing an additional 4,640 shares during the period. UnitedHealth Group comprises about 0.9% of AGF Investments Inc.’s holdings, making the stock its 29th largest holding. AGF Investments Inc.’s holdings in UnitedHealth Group were worth $93,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of UNH. FMR LLC raised its stake 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 valued at $15,118,428,000 after acquiring an additional 2,981,233 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of UnitedHealth Group by 0.5% during the second quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock worth $1,887,377,000 after buying an additional 39,480 shares during the period. Jennison Associates LLC increased its position in shares of UnitedHealth Group by 12.0% during the second quarter. Jennison Associates LLC now owns 6,616,652 shares of the healthcare conglomerate’s stock worth $1,623,329,000 after buying an additional 710,745 shares during the period. Morgan Stanley increased its position in shares of UnitedHealth Group by 5.2% during the second quarter. Morgan Stanley now owns 5,498,557 shares of the healthcare conglomerate’s stock worth $1,349,017,000 after buying an additional 269,652 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of UnitedHealth Group by 2.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,019,885 shares of the healthcare conglomerate’s stock worth $986,239,000 after buying an additional 108,052 shares during the period. 85.45% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of UnitedHealth Group from $315.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Jefferies Financial Group raised their price target on shares of UnitedHealth Group from $270.00 to $311.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. ValuEngine upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Morgan Stanley raised their price target on shares of UnitedHealth Group from $278.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, September 5th. Finally, Citigroup cut shares of UnitedHealth Group from a “buy” rating to a “neutral” rating and set a $288.00 price target for the company. in a report on Monday, September 10th. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $289.86.

Shares of UNH stock opened at $260.55 on Friday. The stock has a market capitalization of $251.57 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.69 and a current ratio of 0.69. UnitedHealth Group Inc has a 52 week low of $208.48 and a 52 week high of $278.00.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, topping the consensus estimate of $3.30 by $0.11. The business had revenue of $56.56 billion for the quarter, compared to analyst estimates of $56.34 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 earnings per share. Research analysts predict that UnitedHealth Group Inc will post 12.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Monday, December 3rd will be paid a $0.90 dividend. The ex-dividend date is Friday, November 30th. This represents a $3.60 annualized dividend and a dividend yield of 1.38%. UnitedHealth Group’s payout ratio is 35.75%.

In other news, Director Kenneth Irwin Shine sold 163 shares of UnitedHealth Group stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $274.83, for a total value of $44,797.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven H. Nelson sold 8,142 shares of UnitedHealth Group stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $265.00, for a total transaction of $2,157,630.00. Following the completion of the transaction, the chief executive officer now owns 22,496 shares of the company’s stock, valued at approximately $5,961,440. The disclosure for this sale can be found here. Insiders sold 54,338 shares of company stock valued at $14,516,459 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

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

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