227,730 Shares in UnitedHealth Group Inc (UNH) Acquired by Jana Partners LLC

Jana Partners LLC acquired a new stake in shares of UnitedHealth Group Inc (NYSE:UNH) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 227,730 shares of the healthcare conglomerate’s stock, valued at approximately $44,601,000. UnitedHealth Group makes up 0.9% of Jana Partners LLC’s holdings, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of UnitedHealth Group by 1.2% during the 2nd quarter. BlackRock Inc. now owns 69,430,416 shares of the healthcare conglomerate’s stock valued at $12,873,786,000 after buying an additional 796,654 shares during the period. Vanguard Group Inc. grew its stake in shares of UnitedHealth Group by 2.5% during the 2nd 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 during the period. FMR LLC grew its stake in shares of UnitedHealth Group by 2.1% during the 2nd quarter. FMR LLC now owns 56,101,668 shares of the healthcare conglomerate’s stock valued at $10,402,371,000 after buying an additional 1,168,324 shares during the period. Alliancebernstein L.P. grew its stake in shares of UnitedHealth Group by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock valued at $1,466,104,000 after buying an additional 174,290 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in shares of UnitedHealth Group by 3.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,882,427 shares of the healthcare conglomerate’s stock valued at $1,090,720,000 after buying an additional 223,524 shares during the period. 86.24% of the stock is owned by institutional investors.

In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $246.38, for a total value of $2,463,800.00. Following the transaction, the director now owns 76,637 shares in the company, valued at approximately $18,881,824.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Larry C. Renfro sold 22,598 shares of the business’s stock in a transaction on 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 owns 195,314 shares in the company, valued at approximately $43,310,879.50. The disclosure for this sale can be found here. Insiders sold a total of 53,853 shares of company stock worth $12,358,508 in the last quarter. 0.89% of the stock is currently owned by company insiders.

UnitedHealth Group Inc (UNH) opened at $220.96 on Monday. UnitedHealth Group Inc has a 1-year low of $156.49 and a 1-year high of $250.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.73 and a quick ratio of 0.70. The company has a market cap of $214,130.00, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.70.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.09. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The firm had revenue of $52.06 billion for the quarter, compared to analyst estimates of $51.57 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. equities analysts expect that UnitedHealth Group Inc will post 12.51 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on UNH. Oppenheimer boosted their price objective on shares of UnitedHealth Group from $215.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $208.00 price target on shares of UnitedHealth Group in a research report on Tuesday, October 17th. Morgan Stanley upped their price target on shares of UnitedHealth Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Leerink Swann reaffirmed a “buy” rating and set a $240.00 price target (up from $225.00) on shares of UnitedHealth Group in a research report on Wednesday, October 18th. Finally, Argus upped their price target on shares of UnitedHealth Group from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. UnitedHealth Group has a consensus rating of “Buy” and a consensus target price of $243.22.

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

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