Washington Capital Management Inc. Invests $644,000 in UnitedHealth Group Inc (NYSE:UNH)

Washington Capital Management Inc. purchased a new position in UnitedHealth Group Inc (NYSE:UNH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,640 shares of the healthcare conglomerate’s stock, valued at approximately $644,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in UnitedHealth Group by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 11,593,401 shares of the healthcare conglomerate’s stock worth $2,882,988,000 after buying an additional 965,763 shares in the last quarter. Founders Financial Securities LLC grew its stake in UnitedHealth Group by 17.1% during the fourth quarter. Founders Financial Securities LLC now owns 1,446 shares of the healthcare conglomerate’s stock worth $360,000 after buying an additional 211 shares in the last quarter. Ancora Advisors LLC grew its stake in UnitedHealth Group by 3.2% during the fourth quarter. Ancora Advisors LLC now owns 69,162 shares of the healthcare conglomerate’s stock worth $17,230,000 after buying an additional 2,123 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in UnitedHealth Group by 4.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,335,805 shares of the healthcare conglomerate’s stock worth $332,817,000 after buying an additional 61,157 shares in the last quarter. Finally, Smith Moore & CO. grew its stake in UnitedHealth Group by 38.3% during the fourth quarter. Smith Moore & CO. now owns 3,679 shares of the healthcare conglomerate’s stock worth $916,000 after buying an additional 1,019 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price target on the stock in a research note on Monday, July 22nd. Raymond James raised their price target on shares of UnitedHealth Group from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Cantor Fitzgerald set a $310.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $311.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Oppenheimer set a $312.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $295.06.

In related news, Director Richard T. Burke sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $248.00, for a total value of $2,480,000.00. Following the completion of the transaction, the director now owns 187,663 shares in the company, valued at approximately $46,540,424. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard T. Burke sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $246.40, for a total transaction of $1,232,000.00. Following the completion of the transaction, the director now owns 187,979 shares of the company’s stock, valued at approximately $46,318,025.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,000 shares of company stock valued at $9,195,620. 0.87% of the stock is owned by company insiders.

Shares of UNH traded down $2.28 during mid-day trading on Friday, reaching $230.66. The company had a trading volume of 3,890,312 shares, compared to its average volume of 3,119,100. The company’s 50 day simple moving average is $250.81 and its 200 day simple moving average is $247.04. UnitedHealth Group Inc has a 1-year low of $208.07 and a 1-year high of $287.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $220.75 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.24 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.14. The business had revenue of $60.60 billion during the quarter, compared to analyst estimates of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $3.14 EPS. As a group, equities analysts forecast that UnitedHealth Group Inc will post 14.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Monday, September 16th will be issued a $1.08 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a yield of 1.87%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.54%.

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

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