UnitedHealth Group Inc (UNH) Holdings Increased by State Treasurer State of Michigan

State Treasurer State of Michigan boosted its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,813 shares of the healthcare conglomerate’s stock after buying an additional 2,300 shares during the period. State Treasurer State of Michigan’s holdings in UnitedHealth Group were worth $76,304,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. White Lighthouse Investment Management Inc. purchased a new position in UnitedHealth Group during the 2nd quarter valued at about $324,000. Wells Fargo & Company MN grew its stake in UnitedHealth Group by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock valued at $1,887,377,000 after acquiring an additional 39,480 shares in the last quarter. Granite Investment Advisors LLC grew its stake in UnitedHealth Group by 1.4% during the 2nd quarter. Granite Investment Advisors LLC now owns 34,225 shares of the healthcare conglomerate’s stock valued at $8,397,000 after acquiring an additional 476 shares in the last quarter. M Holdings Securities Inc. grew its stake in shares of UnitedHealth Group by 12.1% in the 2nd quarter. M Holdings Securities Inc. now owns 5,128 shares of the healthcare conglomerate’s stock valued at $1,258,000 after buying an additional 553 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of UnitedHealth Group by 3.8% in the 2nd quarter. Synovus Financial Corp now owns 53,952 shares of the healthcare conglomerate’s stock valued at $13,238,000 after buying an additional 1,985 shares in the last quarter. 85.44% of the stock is currently owned by institutional investors.

In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $258.83, for a total value of $2,588,300.00. Following the sale, the director now directly owns 77,172 shares in the company, valued at $19,974,428.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP D Ellen Wilson sold 15,393 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $264.29, for a total value of $4,068,215.97. Following the completion of the sale, the executive vice president now owns 66,402 shares in the company, valued at $17,549,384.58. The disclosure for this sale can be found here. Insiders sold 79,568 shares of company stock worth $21,128,177 over the last quarter. Company insiders own 0.87% of the company’s stock.

UNH has been the subject of several recent research reports. Raymond James boosted their price target on UnitedHealth Group from $285.00 to $304.00 and gave the company a “strong-buy” rating in a research note on Monday, September 24th. ValuEngine raised UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Bank of America boosted their price target on UnitedHealth Group from $315.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Leerink Swann reissued an “outperform” rating on shares of UnitedHealth Group in a research note on Wednesday, July 18th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $300.00 price target on shares of UnitedHealth Group in a research note on Thursday, July 5th. One research analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus 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 debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.75. The firm has a market capitalization of $248.49 billion, a P/E ratio of 25.95, a PEG 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.

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

UnitedHealth Group 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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