MUFG Americas Holdings Corp increased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 13.3% during the first quarter, Holdings Channel reports. The fund owned 51,563 shares of the healthcare conglomerate’s stock after buying an additional 6,070 shares during the period. MUFG Americas Holdings Corp’s holdings in UnitedHealth Group were worth $8,457,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of UNH. Cribstone Capital Management LLC boosted its stake in UnitedHealth Group by 22.6% in the first quarter. Cribstone Capital Management LLC now owns 678 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 125 shares during the last quarter. Intellectus Partners LLC bought a new stake in UnitedHealth Group during the fourth quarter worth approximately $111,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in UnitedHealth Group during the fourth quarter worth approximately $111,000. Israel Discount Bank of New York GFN bought a new stake in UnitedHealth Group during the fourth quarter worth approximately $139,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in UnitedHealth Group during the fourth quarter worth approximately $140,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
UnitedHealth Group Incorporated (NYSE:UNH) opened at 187.96 on Monday. The stock has a market cap of $181.13 billion, a PE ratio of 24.06 and a beta of 0.64. The company’s 50-day moving average is $178.98 and its 200 day moving average is $168.66. UnitedHealth Group Incorporated has a 52 week low of $132.39 and a 52 week high of $188.66.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, April 18th. The healthcare conglomerate reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.20. The company had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.21 billion. UnitedHealth Group had a net margin of 4.13% and a return on equity of 21.42%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. On average, analysts expect that UnitedHealth Group Incorporated will post $9.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 27th. Investors of record on Monday, June 19th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.60%. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, June 15th. UnitedHealth Group’s dividend payout ratio is currently 37.36%.
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A number of research firms have commented on UNH. BidaskClub upgraded shares of UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $205.00 price objective on shares of UnitedHealth Group in a research note on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price objective on shares of UnitedHealth Group in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a research note on Tuesday, June 20th. Finally, Leerink Swann reaffirmed an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, June 9th. One analyst has rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $185.20.
In related news, EVP D Ellen Wilson sold 14,000 shares of the stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $170.54, for a total value of $2,387,560.00. Following the completion of the sale, the executive vice president now directly owns 31,993 shares of the company’s stock, valued at approximately $5,456,086.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $182.64, for a total transaction of $913,200.00. Following the completion of the sale, the director now directly owns 75,735 shares of the company’s stock, valued at $13,832,240.40. The disclosure for this sale can be found here. Insiders sold a total of 30,378 shares of company stock valued at $5,285,052 over the last three months. 0.89% of the stock is currently owned by insiders.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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