K.J. Harrison & Partners Inc Has $4.52 Million Position in UnitedHealth Group Inc (UNH)

K.J. Harrison & Partners Inc lifted its holdings in UnitedHealth Group Inc (NYSE:UNH) by 183.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,000 shares of the healthcare conglomerate’s stock after acquiring an additional 11,000 shares during the period. UnitedHealth Group accounts for approximately 1.2% of K.J. Harrison & Partners Inc’s holdings, making the stock its 21st biggest holding. K.J. Harrison & Partners Inc’s holdings in UnitedHealth Group were worth $4,523,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UNH. FMR LLC raised its position in UnitedHealth Group by 5.1% in the 2nd quarter. FMR LLC now owns 61,622,355 shares of the healthcare conglomerate’s stock worth $15,118,428,000 after purchasing an additional 2,981,233 shares during the period. Wells Fargo & Company MN raised its position in UnitedHealth Group by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock worth $1,887,377,000 after purchasing an additional 39,480 shares during the period. Jennison Associates LLC raised its position in UnitedHealth Group by 12.0% in the 2nd quarter. Jennison Associates LLC now owns 6,616,652 shares of the healthcare conglomerate’s stock worth $1,623,329,000 after purchasing an additional 710,745 shares during the period. Morgan Stanley raised its position in UnitedHealth Group by 5.2% in the 2nd quarter. Morgan Stanley now owns 5,498,557 shares of the healthcare conglomerate’s stock worth $1,349,017,000 after purchasing an additional 269,652 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in UnitedHealth Group by 2.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,019,885 shares of the healthcare conglomerate’s stock worth $986,239,000 after purchasing an additional 108,052 shares during the period. 85.44% of the stock is owned by hedge funds and other institutional investors.

UNH has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $300.00 price objective on shares of UnitedHealth Group in a research report on Thursday, July 5th. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $287.00 price objective on the stock in a research report on Sunday, July 15th. Goldman Sachs Group reissued a “buy” rating and issued a $277.00 price objective on shares of UnitedHealth Group in a research report on Tuesday, July 17th. Royal Bank of Canada increased their price objective on shares of UnitedHealth Group from $282.00 to $284.00 and gave the stock a “$255.42” rating in a research report on Wednesday, July 18th. Finally, Citigroup increased their price objective on shares of UnitedHealth Group from $275.00 to $288.00 and gave the stock a “$255.42” rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. UnitedHealth Group presently has an average rating of “Buy” and an average price target of $289.41.

Shares of NYSE:UNH opened at $261.35 on Thursday. The company has a market cap of $248.49 billion, a PE ratio of 25.95, a P/E/G ratio of 1.48 and a beta of 0.73. UnitedHealth Group Inc has a one year low of $207.80 and a one year high of $272.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.69.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, topping the Zacks’ consensus estimate of $3.30 by $0.11. The business had revenue of $56.56 billion for the quarter, compared to analyst estimates of $56.34 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $2.66 earnings per share. Sell-side analysts anticipate that UnitedHealth Group Inc will post 12.81 earnings per share for the current year.

In related news, Director William C. Ballard, Jr. sold 10,000 shares of UnitedHealth Group stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $258.83, for a total transaction of $2,588,300.00. Following the transaction, the director now directly owns 77,172 shares of the company’s stock, valued at $19,974,428.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steven H. Nelson sold 8,142 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $265.00, for a total transaction of $2,157,630.00. Following the transaction, the chief executive officer now directly owns 22,496 shares in the company, valued at $5,961,440. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,568 shares of company stock worth $21,128,177. Corporate insiders own 0.87% 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 care coverage, and 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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