UnitedHealth Group Inc (NYSE:UNH) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in UnitedHealth Group Inc (NYSE:UNH) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,363 shares of the healthcare conglomerate’s stock after selling 7,323 shares during the period. UnitedHealth Group makes up approximately 0.7% of Shell Asset Management Co.’s portfolio, making the stock its 24th biggest holding. Shell Asset Management Co.’s holdings in UnitedHealth Group were worth $25,029,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of UnitedHealth Group by 7.2% in the fourth quarter. Capital World Investors now owns 47,932,997 shares of the healthcare conglomerate’s stock valued at $14,091,342,000 after purchasing an additional 3,219,554 shares during the period. State Street Corp increased its holdings in shares of UnitedHealth Group by 1.4% in the fourth quarter. State Street Corp now owns 45,791,556 shares of the healthcare conglomerate’s stock valued at $13,461,802,000 after purchasing an additional 614,433 shares during the period. Capital Research Global Investors increased its holdings in shares of UnitedHealth Group by 32.1% in the fourth quarter. Capital Research Global Investors now owns 29,851,016 shares of the healthcare conglomerate’s stock valued at $8,775,602,000 after purchasing an additional 7,261,158 shares during the period. Capital International Investors increased its holdings in shares of UnitedHealth Group by 4.4% in the fourth quarter. Capital International Investors now owns 25,843,701 shares of the healthcare conglomerate’s stock valued at $7,597,531,000 after purchasing an additional 1,082,141 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of UnitedHealth Group by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 13,371,451 shares of the healthcare conglomerate’s stock valued at $3,922,552,000 after purchasing an additional 471,331 shares during the period. 87.10% of the stock is currently owned by institutional investors and hedge funds.

UNH has been the topic of a number of recent analyst reports. Credit Suisse Group dropped their price objective on UnitedHealth Group from $330.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Citigroup dropped their price objective on UnitedHealth Group from $346.00 to $339.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Morgan Stanley upped their price objective on UnitedHealth Group from $289.00 to $371.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Cowen upped their price objective on UnitedHealth Group from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, Raymond James dropped their price objective on UnitedHealth Group from $340.00 to $325.00 in a report on Thursday, April 16th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $319.68.

UnitedHealth Group stock traded up $1.28 during trading on Friday, hitting $288.19. The company’s stock had a trading volume of 147,368 shares, compared to its average volume of 4,317,679. The stock has a market capitalization of $273.12 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.42 and a beta of 0.72. The stock’s fifty day moving average is $276.83 and its 200 day moving average is $276.96. UnitedHealth Group Inc has a 1-year low of $187.72 and a 1-year high of $306.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Wednesday, April 15th. The healthcare conglomerate reported $3.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.63 by $0.09. The firm had revenue of $64.40 billion during the quarter, compared to analyst estimates of $64.25 billion. UnitedHealth Group had a return on equity of 24.86% and a net margin of 5.59%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.73 earnings per share. On average, research analysts anticipate that UnitedHealth Group Inc will post 16.24 EPS for the current fiscal year.

In other UnitedHealth Group news, Director Richard T. Burke sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $212.00, for a total transaction of $1,060,000.00. Following the completion of the sale, the director now directly owns 158,598 shares in the company, valued at $33,622,776. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Hemsley sold 45,637 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $289.11, for a total value of $13,194,113.07. Following the sale, the director now owns 1,013,122 shares of the company’s stock, valued at $292,903,701.42. The disclosure for this sale can be found here. Insiders sold 65,637 shares of company stock valued at $17,723,013 over the last quarter. Insiders own 0.80% of the company’s stock.

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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