Foster & Motley Inc. Sells 290 Shares of UnitedHealth Group Incorporated (UNH)

Foster & Motley Inc. reduced its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,849 shares of the healthcare conglomerate’s stock after selling 290 shares during the quarter. Foster & Motley Inc.’s holdings in UnitedHealth Group were worth $2,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UNH. Harbour Capital Advisors LLC grew its holdings in shares of UnitedHealth Group by 18,383.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,516,706 shares of the healthcare conglomerate’s stock worth $13,573,000 after purchasing an additional 2,503,090 shares in the last quarter. Janus Henderson Group PLC boosted its stake in UnitedHealth Group by 1,820.1% in the second quarter. Janus Henderson Group PLC now owns 2,388,641 shares of the healthcare conglomerate’s stock valued at $442,896,000 after buying an additional 2,264,242 shares in the last quarter. Vanguard Group Inc. boosted its stake in UnitedHealth Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock valued at $11,974,168,000 after buying an additional 1,588,516 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in UnitedHealth Group by 77.3% in the second quarter. Parametric Portfolio Associates LLC now owns 3,584,134 shares of the healthcare conglomerate’s stock valued at $664,570,000 after buying an additional 1,562,661 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in UnitedHealth Group by 180.4% in the second quarter. Jennison Associates LLC now owns 2,252,507 shares of the healthcare conglomerate’s stock valued at $417,660,000 after buying an additional 1,449,130 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors.

In other news, CEO Larry C. Renfro sold 22,598 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the completion of the transaction, the chief executive officer now directly owns 195,314 shares in the company, valued at $43,310,879.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas E. Roos sold 975 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $205.47, for a total value of $200,333.25. Following the transaction, the insider now owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The disclosure for this sale can be found here. Insiders have sold 34,630 shares of company stock valued at $7,669,416 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

Shares of UnitedHealth Group Incorporated (UNH) opened at $222.04 on Wednesday. UnitedHealth Group Incorporated has a 12 month low of $156.09 and a 12 month high of $231.77. The company has a market capitalization of $214,958.56, a PE ratio of 23.11, a PEG ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The firm had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same period last year, the firm posted $2.17 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. sell-side analysts anticipate that UnitedHealth Group Incorporated will post 9.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Thursday, November 30th. UnitedHealth Group’s payout ratio is 33.26%.

Several analysts recently weighed in on the company. ValuEngine lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Raymond James Financial reaffirmed a “buy” rating on shares of UnitedHealth Group in a research note on Wednesday, December 6th. Sanford C. Bernstein raised their price objective on UnitedHealth Group from $219.00 to $246.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Leerink Swann reaffirmed an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, December 1st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $248.00 price objective on shares of UnitedHealth Group in a research note on Friday, December 1st. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $224.56.

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About UnitedHealth Group

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.

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

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