Allworth Financial LP Sells 130 Shares of UnitedHealth Group Inc (NYSE:UNH)

Allworth Financial LP lowered its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,450 shares of the healthcare conglomerate’s stock after selling 130 shares during the quarter. Allworth Financial LP’s holdings in UnitedHealth Group were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UNH. Nuveen Asset Management LLC grew its holdings in UnitedHealth Group by 1,354.6% during the second quarter. Nuveen Asset Management LLC now owns 8,540,562 shares of the healthcare conglomerate’s stock worth $2,083,983,000 after buying an additional 7,953,416 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in UnitedHealth Group by 25,321.4% during the second quarter. Thoroughbred Financial Services LLC now owns 1,922,872 shares of the healthcare conglomerate’s stock worth $192,287,000 after buying an additional 1,915,308 shares in the last quarter. Boston Partners grew its holdings in UnitedHealth Group by 160.8% during the second quarter. Boston Partners now owns 2,550,998 shares of the healthcare conglomerate’s stock worth $622,942,000 after buying an additional 1,572,711 shares in the last quarter. Sanders Capital LLC grew its holdings in UnitedHealth Group by 50.2% during the second quarter. Sanders Capital LLC now owns 4,626,666 shares of the healthcare conglomerate’s stock worth $1,255,689,000 after buying an additional 1,546,140 shares in the last quarter. Finally, Viking Global Investors LP grew its holdings in UnitedHealth Group by 28.6% during the second quarter. Viking Global Investors LP now owns 4,812,185 shares of the healthcare conglomerate’s stock worth $1,174,221,000 after buying an additional 1,071,149 shares in the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.

In other news, Director Richard T. Burke sold 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $246.40, for a total transaction of $1,232,000.00. Following the transaction, the director now owns 187,979 shares of the company’s stock, valued at approximately $46,318,025.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Burke sold 2,500 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $233.40, for a total value of $583,500.00. Following the transaction, the director now directly owns 187,979 shares in the company, valued at approximately $43,874,298.60. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $5,924,120 in the last 90 days. Corporate insiders own 0.82% of the company’s stock.

NYSE:UNH traded up $1.97 during trading on Wednesday, reaching $222.08. The company’s stock had a trading volume of 4,143,866 shares, compared to its average volume of 4,550,181. The firm has a market cap of $208.30 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.17 and a beta of 0.60. 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 firm has a 50 day moving average of $227.85 and a 200-day moving average of $240.32. UnitedHealth Group Inc has a 12 month low of $208.07 and a 12 month high of $287.94.

UnitedHealth Group (NYSE:UNH) last announced 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 firm had revenue of $60.60 billion during the quarter, compared to the consensus estimate of $60.59 billion. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.14 EPS. Equities research analysts forecast that UnitedHealth Group Inc will post 14.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were paid 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 (DPR) is presently 33.54%.

Several brokerages recently issued reports on UNH. Cantor Fitzgerald set a $310.00 price target on UnitedHealth Group and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley decreased their price target on UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating for the company in a report on Thursday, September 26th. ValuEngine upgraded UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $311.00 price target on UnitedHealth Group and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Zacks Investment Research upgraded UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price target for the company in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. UnitedHealth Group presently has a consensus rating of “Buy” and a consensus price target of $286.65.

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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