Foundations Investment Advisors LLC Grows Position in UnitedHealth Group Inc (NYSE:UNH)

Foundations Investment Advisors LLC grew its stake in UnitedHealth Group Inc (NYSE:UNH) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,615 shares of the healthcare conglomerate’s stock after purchasing an additional 402 shares during the period. Foundations Investment Advisors LLC’s holdings in UnitedHealth Group were worth $563,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC acquired a new position in UnitedHealth Group during the first quarter worth approximately $85,000. JGP Global Gestao de Recursos Ltda. boosted its stake in shares of UnitedHealth Group by 10.5% during the 1st quarter. JGP Global Gestao de Recursos Ltda. now owns 6,512 shares of the healthcare conglomerate’s stock worth $1,610,000 after acquiring an additional 619 shares in the last quarter. Mechanics Bank Trust Department raised its holdings in shares of UnitedHealth Group by 26.2% during the first quarter. Mechanics Bank Trust Department now owns 6,745 shares of the healthcare conglomerate’s stock worth $1,668,000 after acquiring an additional 1,400 shares in the last quarter. Steinberg Global Asset Management raised its holdings in UnitedHealth Group by 2.0% during the first quarter. Steinberg Global Asset Management now owns 5,332 shares of the healthcare conglomerate’s stock valued at $1,318,000 after buying an additional 103 shares in the last quarter. Finally, Domani Wealth LLC grew its position in shares of UnitedHealth Group by 13.4% in the first quarter. Domani Wealth LLC now owns 3,842 shares of the healthcare conglomerate’s stock valued at $950,000 after purchasing an additional 453 shares during the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.

Several equities research analysts have commented on the stock. Credit Suisse Group set a $293.00 price target on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Thursday, August 29th. Deutsche Bank initiated coverage on shares of UnitedHealth Group in a research note on Thursday, September 12th. They set a “hold” rating and a $263.00 price target for the company. Cleveland Research restated a “buy” rating on shares of UnitedHealth Group in a report on Monday, July 15th. BMO Capital Markets lowered shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $292.00 to $249.00 in a research report on Monday, September 30th. Finally, Royal Bank of Canada set a $311.00 price objective on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $286.65.

In related news, Director William C. Ballard, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.31, for a total value of $3,063,720.00. Following the sale, the director now owns 61,309 shares in the company, valued at $15,652,800.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard T. Burke sold 5,000 shares of the company’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 value of $1,232,000.00. Following the completion of the sale, the director now owns 187,979 shares in the company, valued at approximately $46,318,025.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,000 shares of company stock worth $5,924,120. 0.82% of the stock is owned by insiders.

Shares of NYSE UNH traded up $1.44 during midday trading on Monday, hitting $221.24. The company’s stock had a trading volume of 3,841,239 shares, compared to its average volume of 4,512,899. The stock has a fifty day moving average price of $230.29 and a 200 day moving average price of $241.13. UnitedHealth Group Inc has a one year low of $208.07 and a one year high of $287.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $204.09 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.15 and a beta of 0.60.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 EPS for the quarter, beating the consensus estimate of $3.46 by $0.14. The company had revenue of $60.60 billion during the quarter, compared to analysts’ expectations of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. UnitedHealth Group’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.14 earnings per share. On average, equities research analysts predict that UnitedHealth Group Inc will post 14.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Monday, September 16th were given a $1.08 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a yield of 1.95%. UnitedHealth Group’s dividend payout ratio is currently 33.54%.

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 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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